Peoria, Ill.-based property and casualty insurance company, RLI Corp., reported first quarter 2010 operating earnings of $20 million compared to $22.5 million for the first quarter of 2009.
The company had an underwriting income of $12.7 million and a combined ratio of 89.1. That compares to $15.2 million of underwriting income on an 87.9 combined ratio in the same quarter for 2009. Return on equity for the trailing four quarters was 15 percent.
RLI President and CEO Jonathan E. Michael said the company has experienced premium growth in both the property and surety segments.
Source: RLI Corp.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
State Farm Sued Over Policies Backed by Distressed Insurer PHL 
In Alabama, Shot Employee Gets No Workers’ Comp and No Employer’s Liability 
Lawsuit Over Burger King’s Whopper Ads Set Back by Federal Judge 
US E&S Outlook No Longer Positive: AM Best 
