RLI Corp. reported 2008 fourth-quarter net earnings fell $6 million, or 28 cents per share, compared with the 2007 period. Management said the 81.3 percent decrease was due mainly to investment losses.
For the year, the Peoria, Ill.-based company reported net earnings of $78.7 million, or $3.60 per share, a 55.3 percent decrease from the $175.9 million, or $7.30 per share, figure reported in 2007.
The firm provides personal lines, business insurance and surety bonds.
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