RLI Corp Reports Drop In Q1 Profit

(RTTNews) - RLI Corp (RLI) reported earnings for first quarter that Drops, from the same period last year

The company's bottom line came in at $54.89 million, or $0.60 per share. This compares with $63.21 million, or $0.68 per share, last year.

Excluding items, RLI Corp reported adjusted earnings of $76.76 million or $0.83 per share for the period.

The company's revenue for the period rose 4.0% to $423.87 million from $407.67 million last year.

RLI Corp earnings at a glance (GAAP) :

-Earnings: $54.89 Mln. vs. $63.21 Mln. last year. -EPS: $0.60 vs. $0.68 last year. -Revenue: $423.87 Mln vs. $407.67 Mln last year.