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RLI's Q4 Earnings Top Estimates on Strong Premium Growth
PGRProgressive(PGR) Zacks Investment Research·2024-01-25 18:11

RLI Corp. (RLI) reported fourth-quarter 2023 operating earnings of 1.54pershare,beatingtheZacksConsensusEstimateby6.91.54 per share, beating the Zacks Consensus Estimate by 6.9%. The bottom line improved 0.6% from the prior-year quarter.The quarterly results reflect continued premium growth across all product segments.Operational PerformanceOperating revenues for the reported quarter were 378.4 million, up 15% year over year, driven by 14.9% higher net premiums earned and 14.4% higher net investment income. The top line, however, missed the Zacks Consens ...