PEORIA, Ill. (AP) — PEORIA, Ill. (AP) — RLI Corp. (RLI) on Wednesday reported fourth-quarter earnings of $40.9 million.
On a per-share basis, the Peoria, Illinois-based company said it had profit of 44 cents. Earnings, adjusted for investment gains, were 41 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The specialty insurance company posted revenue of $439.1 million in the period. Its adjusted revenue was $436 million, also missing Street forecasts. Five analysts surveyed by Zacks expected $436.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RLI at https://www.zacks.com/ap/RLI
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