Rli Corp. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 24, 2019 at 02:35 am IST
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RLI Corp. announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced total revenue was USD 172.271 million compared to USD 207.853 million a year ago. Net loss was USD 20.660 million compared to net income of USD 57.258 million a year ago. Diluted loss per share was USD 0.46 compared to diluted earnings per share of USD 1.29 a year ago. For the full year, total revenue was USD 818.123 million compared to USD 797.224 million a year ago. Net income was USD 64.179 million compared to USD 105.028 million a year ago. Diluted earnings per share was USD 1.43 compared to USD 2.36 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. 
