NU Online News Service, April 22, 8:56 a.m. EDT
Specialty insurer RLI Corp. reported a first-quarter 2009 net loss of $1.8 million, compared to the period last year when it posted a $25.5 million profit.
RLI reported 2009 first-quarter net realized investment losses of $33.5 million, compared to 2008 first-quarter net realized investment gains of $3.7 million. The losses, according to the company, were primarily due to other-than-temporary impairment charges.
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