RLI Reports 73% Higher Quarterly Income
NU Online News Service, April 14, 3:12 p.m. EDT?Specialty property-casualty insurer RLI Corp. said improved underwriting performance boosted its first-quarter income by 73 percent.[@@]
The Peoria, Ill.-based carrier posted $29.3 million in net profit for the 2005 first quarter, improving from $16.9 million one year ago. In reaction Moody's Investors Service said it was considering an upgraded rating for the insurer.
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