RLI Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
January 24, 2013 at 02:30 am IST
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RLI Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported earnings before taxes of $28,575,000, net earnings of $25,097,000 or $1.16 per share on consolidated revenue of $171,394,000 against earnings before taxes of $40,128,000, net earnings of $29,931,000 or $1.39 per share on consolidated revenue of $163,958,000 for the same period a year ago.
For the year, the company reported earnings before taxes of $142,732,000, net earnings of $103,346,000 or $4.79 per share on consolidated revenue of $660,774,000 against earnings before taxes of $183,586,000, net earnings of $126,598,000 or $5.91 per share on consolidated revenue of $619,169,000 for the same period a year ago. Book value per share was $37.45 against $37.46 for the same period a year ago. Return on equity was 12.4% against 15.7% for the same period a year ago.
RLI Corp. is a specialty insurer serving niche property, casualty, and surety markets. The Company provides underwriting expertise and service to commercial and personal line customers nationwide. The Companyâs segment includes Casualty, Property and Surety. The casualty portion of its business consists largely of commercial excess, personal umbrella, general liability, transportation, and management liability coverages, as well as package business and other specialty coverages, such as professional liability and workerâs compensation for office-based professionals. Its Property segment is comprised primarily of commercial fire, hurricane, earthquake, difference in conditions and marine coverages. Its Surety segment specializes in writing small to medium-sized contract surety coverages, including payment and performance bonds. Its products are offered through its insurance subsidiaries, RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company.
RLI CORP. 
