RLI beats despite flat profit on weaker gross premiums

Specialty carrier RLI outperformed the expectations of Wall
Street analysts despite flat second-quarter profits, dwindling
premium volume and a combined ratio that crept higher.
The insurer reported operating earnings of $27.1mn for the
period, just $200,000 less than the figure it reported for the same
period last year.
The result contributed to per-share profit of $0.61, comfortably
bettering the forecasts of seven analysts who expected $0.52 a
share, according to a survey by MarketWatch.
Gros