Its second quarter earnings outperformed the Zacks Consensus Estimate on better-than-expected premiums coupled with favorable reserve release. However, RLI continues to witness lower premiums in its Casualty segment, due to the continued soft environment in construction and transportation-related coverages.
Nevertheless, we expect the company's underwriting discipline to bode well as the market stabilizes under a restrictive premium growth. RLI also scores strongly with rating agencies. Continued dividend increases and new share repurchase authorization further reflect solid capital position.
RLI CORP (RLI): Free Stock Analysis Report
Zacks Investment Research
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