RLI underwriting income soars 84% as loss ratio in property business halves
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RLI underwriting income soars 84% as loss ratio in property business halves

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Specialty carrier RLI's underwriting income rose 84% to $49.7mn during the fourth quarter of 2021 from $27mn a year earlier, as the property and surety businesses' profits roared during the last months of the year.

The Illinois-headquartered insurer posted Q4 2021 earnings per share of $1.26, a 68% jump from $0.75 earnings per share in the last quarter of 2020, beating the $0.90

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