RLI profits jump 9% in Q1

US specialty insurer RLI saw operating earnings jump 9 percent
to $24mn in the first quarter of the year, up from $22mn for the
same period in 2015.
The carrier reported an 88 percent combined ratio marking a
slight improvement on the 89.5 percent it reported this time last
year.
Book value per share has also improved by 6 percent to $19.97
since the beginning of the year.
"We are off to a solid start to the year," said RLI...