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RLI Corp Q2 adjusted earnings Beat Estimates

RLI Corp (RLI) released a profit for its second quarter that increased from last year.

The company's earnings totaled $40.47 million, or $0.89 per share. This compares with $33.25 million, or $0.74 per share, in last year's second quarter.

Excluding items, RLI Corp reported adjusted earnings of $29.74 million or $0.66 per share for the period.

Analysts had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.6% to $238.11 million from $219.34 million last year.

RLI Corp earnings at a glance:

-Earnings (Q2): $29.74 Mln. vs. $26.74 Mln. last year.
-EPS (Q2): $0.66 vs. $0.60 last year.
-Analysts Estimate: $0.62
-Revenue (Q2): $238.11 Mln vs. $219.34 Mln last year.

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