RLI beats as reserve releases offset dent from cats

RLI confounded analysts' expectations in the third quarter
as it revealed a $1.7mn operating profit with reserve releases
partially offsetting a $31.7mn hurricane bill.
The $0.04 per share result was notably ahead of the less than
consensus $0.01 per share loss estimate of seven Wall Street
analysts surveyed by MarketWatch.
The firm's chairman and CEO Jonathan Michael said the result
reflected RLI's "conservative approach to risk management,
the strength of our diversified product portfolio and