RLI beats estimates to begin Q1 P&C earnings season

Specialty property and casualty carrier RLI kicked off the US
industry's first quarter earnings season with results that
handily beat Wall Street estimates as its combined ratio improved
and favourable reserve development more than doubled.
RLI posted operating earnings of$26.7mn, or $0.60 per share,
surpassing the $0.53 per share consensus of analysts reported by
Keefe, Bruyette & Woods and the $0.52 average of six estimates
compiled by MarketWatch.
Underwriting gains for the period climbed