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RLI Corp Q1 adjusted earnings Beat Estimates

RLI Corp (RLI) reported earnings for first quarter that decreased from last year.

The company's earnings totaled $12.22 million, or $0.27 per share. This compares with $19.83 million, or $0.45 per share, in last year's first quarter.

Excluding items, RLI Corp reported adjusted earnings of $26.73 million or $0.60 per share for the period.

Analysts had expected the company to earn $0.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 5.6% to $185.89 million from $196.91 million last year.

RLI Corp earnings at a glance:

-Earnings (Q1): $26.73 Mln. vs. $19.42 Mln. last year.
-EPS (Q1): $0.60 vs. $0.44 last year.
-Analysts Estimate: $0.52
-Revenue (Q1): $185.89 Mln vs. $196.91 Mln last year.

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