RLI Corp. reports Q2 operating EPS $1.16, consensus $1.19

Reports Q2 revenue $381.9M, consensus $372.65M. “We are pleased to report an 87 combined ratio for the quarter and an 83 combined ratio year to date,” said RLI Corp. President & CEO Craig Kliethermes. “All three product segments contributed to our strong results. Our property segment continues to experience hard market conditions, which drove significant premium growth in the quarter. Casualty and surety segment premiums increased slightly, as product exits, market conditions and underwriting discipline moderated growth. Our profitability and growth in book value highlight the benefits of our diverse product portfolio and continued focus on responsible underwriting.”