RLI reveals earnings up for another quarter.(Financial report)

Byline: Steve Tarter

July 22--PEORIA -- RLI Corp. reported second-quarter earnings of $40.8 million ($1.91 per share). That's up from $32.2 million ($1.52 per share) for the same period in 2010. "The results reflect a continuation of positive underwriting. That drives our business," said Aaron Jacoby, vice president of corporate development, adding that the company closed on its acquisition of Seattle-based Contractors Bonding and Insurance Co. during the second quarter. "Through the acquisition, an additional 150 employees started working under the RLI banner, beginning in April," he said. For the first six months of the year, RLI earnings were $64.4 million ($3.02 …