RLI - RLI GAAP EPS of $1.69 beats by $0.47 revenue of $381.86M beats by $29.95M
2023-07-24 16:09:22 ET
- RLI press release ( NYSE: RLI ): Q2 GAAP EPS of $1.69 beats by $0.47 .
- Revenue of $381.86M (+79.2% Y/Y) beats by $29.95M .
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RLI achieved $41.2 million of underwriting income in the second quarter of 2023 on an 87.2 combined ratio, compared to $56.0 million on an 80.2 combined ratio in 2022.
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Net investment income for the quarter increased 55.8% to $28.8 million, compared to the same period in 2022. The investment portfolio’s total return was 1.1% for the quarter and 3.9% for the six months ended June 30, 2023.
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RLI GAAP EPS of $1.69 beats by $0.47, revenue of $381.86M beats by $29.95M