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RLI Corp.

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RLI Corp.’s earnings of $0.56 per share missed the Zacks Consensus estimate of $0.65 and also plunged 21% year over year. The lackluster results were attributable to an increase in expenses that outpaced revenue growth. Nonetheless, the company remains one of the industry’s most profitable P&C writers with an impressive track record of underwriting profits in 35 of the past 39 years, the last 19 years in particular. Its ability to consistently increase dividend, maintain combined ratios at favorable levels as well as a solid capital position are other positives. However rising expenses, exposure to catastrophe loss, low returns from investments are some headwinds.

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