RLI Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2021
July 20, 2021
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RLI Corp. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2021. For the quarter, the company reported net investment income was $16,661,000 against $16,917,000 a year ago. Consolidated revenue was $298,080,000 against $298,247,000 a year ago. Net earnings was $81,815,000 against $92,166,000 a year ago. Operating earnings was $49,883,000 against $34,815,000 a year ago. Diluted net earnings per share was $1.79 against $2.04 a year ago.
For the six months, the company reported net investment income was $33,085,000 against $34,695,000 a year ago. Consolidated revenue was $585,411,000 against $416,364,000 a year ago. Net earnings was $154,827,000 against $30,899,000 a year ago. Operating earnings was $89,469,000 against $64,590,000 a year ago. Diluted net earnings per share was $3.39 against $0.68 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. 
