Rli Corp. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 21, 2021 at 04:10 pm EDT
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RLI Corp. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was USD 287.331 million compared to USD 118.117 million a year ago. Net income was USD 73.012 million compared to net loss of USD 61.267 million a year ago. Diluted earnings per share from continuing operations was USD 1.6 compared to diluted loss per share from continuing operations of USD 1.36 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. 
