RLI Corp. reports Q3 EPS $1.31, consensus 97c

Reports Q3 revenue $470.0M, consensus $389.5M. “Our primary focus has been to assist customers affected by recent hurricanes,” said RLI Corp. (RLI) President & CEO Craig Kliethermes. “When catastrophes occur, we quickly deploy our claim experts to assess damage and help policyholders begin recovering. Despite the storm activity in the third quarter, we continued to find opportunities for balanced top line growth across our portfolio. Our diversified business model, sound risk selection and disciplined underwriting resulted in a solid 90 combined ratio. I want to thank all RLI associates for their commitment to maintaining our financial strength and ensuring RLI remains a stable partner for our customers.”