RLI Corp reports results for the quarter ended December 31 - Earnings Summary

• RLI Corp RLI.N reported quarterly adjusted earnings of 41 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 77 cents. The mean expectation of ten analysts for the quarter was for earnings of 52 cents per share. Wall Street expected results to range from 43 cents to 69 cents per share.

• Revenue rose 10.7% to $366.45 million from a year ago; analysts expected $384.39 million.

• RLI Corp's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $40.86 million.

• RLI Corp shares had fallen by 5.4% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 9.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the property & casualty insurance peer group is also "buy"

Wall Street's median 12-month price target for RLI Corp is $92.50

This summary was machine generated from LSEG data January 22 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)