RLI Corp. reports Q1 operating EPS $1.63, consensus $1.22

"After ending 2022 with strong results and delivering our 27th consecutive year of underwriting profit, we are pleased to be off to a solid start in the first quarter of 2023," said RLI Corp. President & CEO Craig Kliethermes. "We achieved a 78 combined ratio and top line premium growth of 16%, which was driven by our property and surety segments. Investment income continued to support growth in operating earnings, and positive portfolio returns contributed to 12% growth in book value. I commend our associate owners on their commitment to the hard work and values that continue to serve our customers well, provide stability for our stakeholders and uphold our ownership culture."