RLI's Quarterly Income Up Sharply

NU Online News Service, July 16, 12:24 p.m. EDT?Specialty insurer RLI Corp. posted second-quarter net income of $15.4 million today–a gain of $5.4 million over the comparable period last year, which was attributed to premium growth and increased policy retentions.

Commenting on the Peoria, Ill.-based company's latest financial results, RLI's chief executive officer Jonathan Michael also remarked that the insurance marketplace is still "very attractive" for specialty niche writers such as RLI.

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