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.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
