RLI Reports 3rd Qtr '03 Earnings Up

RLI Corp. (NYSE: RLI) -- RLI Corp. third quarter net earnings of $25.4 million ($0.98 per diluted share) were 250% better per share than the $5.6 million ($0.28 per diluted share) reported for the same period last year. Quarterly operating earnings of $14.8 million ($0.57 per share) were a 16% per-share improvement from last year's $10.0 million ($0.49 per share) result. Both the total dollar and per- share amounts set records for both net and operating earnings. Book value per share of $20.94 was up $2.44, or 13%, since year end. Through nine months, RLI net earnings grew 77% per...