RLI's Q1 Earnings Top Estimates on Strong Segmental Results

RLI Corp. (RLI) reported first-quarter 2024 operating earnings of $1.89 per share, beating the Zacks Consensus Estimate as well as the year-ago number by 16%.The quarterly results reflected continued premium growth across all product segments.Operational PerformanceOperating revenues for the reported quarter were $394 million, up 17.6% year over year, driven by 17% higher net premiums earned and 21.3% higher net investment income. The top line, however, missed the Zacks Consensus Estimate by 0.1%.Gross prem ...