NU Online News Service, Jan. 26, 4:08 p.m. EST

Niche insurer RLI Corp. reported fourth-quarter net income increased 411 percent on strong underwriting results and improvements in its investment portfolio.

The Peoria, Ill.-based property and casualty and surety business specialty insurer reported net earnings for the fourth quarter increased $24.6 million to $30.6 million, or $1.41 a share. Total revenues in the quarter rose 26 percent, or $30 million, to $146 million.

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