(RTTNews) - RLI Corp (RLI) announced a profit for its second quarter that Increased from the same period last year and beat the Street estimates.
The company's earnings totaled $124.34 million, or $1.34 per share. This compares with $81.99 million, or $0.89 per share, last year.
Excluding items, RLI Corp reported adjusted earnings of $78.12 million or $0.84 per share for the period.
Analysts on average had expected the company to earn $0.78 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 20.0% to $499.83 million from $416.44 million last year.
RLI Corp earnings at a glance (GAAP) :
-Earnings: $124.34 Mln. vs. $81.99 Mln. last year. -EPS: $1.34 vs. $0.89 last year. -Revenue: $499.83 Mln vs. $416.44 Mln last year.
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