PEORIA, Ill. (AP) — PEORIA, Ill. (AP) — RLI Corp. (RLI) on Wednesday reported first-quarter profit of $98.8 million.
The Peoria, Illinois-based company said it had profit of $2.15 per share. Earnings, adjusted for investment gains, were $1.63 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The specialty insurance company posted revenue of $364.9 million in the period. Its adjusted revenue was $334.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a RLI">Zacks stock report on RLI at https://www.zacks.com/ap/RLI