RLI GWP surges 20% in Q1 as underwriting profits jump on reserve releases
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RLI GWP surges 20% in Q1 as underwriting profits jump on reserve releases

James Thaler
April 21, 2021
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Reserve releases at RLI drove a surge in underwriting profits in the first quarter and outweighed $16mn in cat losses, as gross written premium growth accelerated at the Illinois-based carrier to 20%.

The specialty underwriter reported $0.87 in operating income per share on Wednesday, up from $0.66 a share a year ago, which well outpaced the $0.65

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