RLI comfortably beats forecasts with Q4 profit

RLI Corp reported operating earnings of $24.9mn for the final
quarter of last year, marking a slight improvement on the same
period in 2015 when it recorded profits of $24.6mn.
The $0.56 per share result saw the carrier comfortably exceed
Wall Street's expectations with analysts predicting Q4 profits
of $0.45, according to a survey by MarketWatch.
The US specialty insurer received a boost from a $12.2mn
favourable development, almost double the $7.7mn of reserve
releases it announced this time l