RLI Corp. reports Q4 operating EPS $1.53, consensus $1.16

Reports Q4 revenue $360.593M, consensus $298.45M. "In 2022, we continued to provide outstanding service to our customers while delivering profitable growth," said RLI Corp. President & CEO Craig Kliethermes. "We faced some headwinds from hurricane activity and capital market volatility, but strong underwriting performance across all product segments resulted in 16% growth in gross premiums written for the year and an 84 combined ratio, marking our 27th consecutive year of underwriting profitability. We also successfully closed on the sale of our minority ownership interest in Maui Jim and were able to share excess capital generated with shareholders through a $7 per share special dividend. I’m proud of what our team accomplished in 2022 and want to thank our talented associate owners for their dedication to our mission and our customers. In the year ahead, we anticipate the industry will remain dynamic. We will continue to address both the opportunities and challenges with discipline, and a focus on the long-term success of our company."