RLI First-Quarter Net Improves 17 Percent
NU Online News Service, April 15, 4:27 p.m. EDT?Peoria, Ill.-based insurer RLI Corp. reported today a first quarter net income of $16.9 million, a 17.3 percent jump over $14.4 million reported for the period last year.[@@]
The company's chief executive Jonathan Michael remarked that market conditions favorable to specialty insurers continued in the first quarter. He added that while RLI underwriters are finding a softening trend in property rates their selectivity helped create satisfactory profits.
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