Rli Corp. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 27, 2021 at 04:49 pm EST
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RLI Corp. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced total revenue was USD 304.451 million compared to USD 264.754 million a year ago. Net income was USD 83.805 million compared to USD 53.378 million a year ago. Diluted earnings per share from continuing operations was USD 1.84 compared to USD 1.18 a year ago. For the full year, total revenue was USD 983.626 million compared to USD 1,003.591 million a year ago. Net income was USD 157.091 million compared to USD 191.642 million a year ago. Diluted earnings per share from continuing operations was USD 3.46 compared to USD 4.23 a year ago.
RLI Corp. is a specialty insurer serving niche property, casualty, and surety markets. The Company provides underwriting expertise and service to commercial and personal line customers nationwide. The Companyâs segment includes Casualty, Property and Surety. The casualty portion of its business consists largely of commercial excess, personal umbrella, general liability, transportation, and management liability coverages, as well as package business and other specialty coverages, such as professional liability and workerâs compensation for office-based professionals. Its Property segment is comprised primarily of commercial fire, hurricane, earthquake, difference in conditions and marine coverages. Its Surety segment specializes in writing small to medium-sized contract surety coverages, including payment and performance bonds. Its products are offered through its insurance subsidiaries, RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company.
RLI CORP. 
