RLI Corp (RLI) announced earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $114.6 million, or $2.49 per share. This compares with $97.8 million, or $2.13 per share, in last year's fourth quarter.
Excluding items, RLI Corp reported adjusted earnings of $71.1 million or $1.54 per share for the period.
Analysts on average had expected the company to earn $1.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 20.2% to $433.5 million from $360.6 million last year.
RLI Corp earnings at a glance (GAAP) :
-Earnings (Q4): $114.6 Mln. vs. $97.8 Mln. last year.
-EPS (Q4): $2.49 vs. $2.13 last year.
-Analyst Estimate: $1.49
-Revenue (Q4): $433.5 Mln vs. $360.6 Mln last year.
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