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Shares of RLI (NYSE:RLI) were flat in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were up 31.82% year over year to $0.87, which beat the estimate of $0.65.
Revenue of $234,989,000 higher by 19.22% year over year, which beat the estimate of $213,740,000.
Outlook
RLI hasn't issued any earnings guidance for the time being.
RLI hasn't issued any revenue guidance for the time being.
Recent Stock Performance
Company's 52-week high was at $117.84
52-week low: $66.31
Price action over last quarter: Up 18.31%
Company Profile
RLI underwrites property and casualty insurance through major subsidiaries. The company offers insurance coverage in the specialty admitted market, where the products are designed for unique risks. It also offers products in the excess and surplus markets, which provides an alternative for customers with risks or loss exposures that generally cannot be written in the standard admitted market. RLI distributes property and casualty insurance through its wholly owned branch offices that market to wholesale and retail producers. The company's insurance operation segments include casualty, property, and surety.
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