RLI CORP (RLI) financial statements: income statement, balance sheet and cash flow
RLI CORP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), RLI CORP reported net income of $403.3M (+16.6% year on year).
Income statement
RLI CORP income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net premiums earned
$1.6B
$1.5B
$1.3B
$1.1B
Net investment income
$159.7M
$142.3M
$120.4M
$86.1M
Net realized gains
$65.1M
$20.0M
$32.5M
$588.5M
Net unrealized gains on equity securities
$43.2M
$81.7M
$64.8M
($121.0M)
Consolidated revenue
$1.9B
$1.8B
$1.5B
$1.7B
Losses and settlement expenses
$726.0M
$739.3M
$604.4M
$514.4M
Policy acquisition costs
$508.4M
$464.0M
$418.3M
$369.6M
Insurance operating expenses
$115.8M
$112.5M
$98.4M
$82.2M
Interest expense on debt
$5.4M
$6.3M
$7.3M
$8.0M
General corporate expenses
$17.0M
$15.9M
$15.9M
$12.9M
Total expenses
$1.4B
$1.3B
$1.1B
$987.2M
Equity in earnings of unconsolidated investees
($3.9M)
($4.9M)
$9.6M
$9.9M
Earnings before income taxes
$506.0M
$427.6M
$377.3M
$720.7M
Current
$90.0M
$71.7M
$64.9M
$186.9M
Deferred
$12.6M
$10.1M
$7.7M
($49.6M)
Income tax expense
$102.6M
$81.8M
$72.7M
$137.3M
Net earnings
$403.3M
$345.8M
$304.6M
$583.4M
Other comprehensive earnings (loss), net of tax
$85.6M
($7.4M)
$62.8M
($278.9M)
Comprehensive earnings
$489.0M
$338.4M
$367.4M
$304.5M
Basic net earnings per share
$4.39
$3.78
$6.68
$12.86
Diluted net earnings per share
$4.37
$3.74
$6.61
$12.74
Basic
91.8M
91.5M
45.6M
45.4M
Diluted
92.4M
92.5M
46.1M
45.8M
RLI CORP income statement, quarters
Line item
Sep 30, 2026 · Q3
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Net premiums earned
$424.9M
$417.1M
$411.4M
$407.7M
Net investment income
$46.7M
$46.0M
$42.3M
$41.3M
Net realized gains
$8.6M
$9.4M
$9.6M
$18.3M
Net unrealized gains (losses) on equity securities
($3.3M)
$103.0M
($39.4M)
$42.0M
Consolidated revenue
$477.0M
$575.6M
$423.9M
$509.3M
Losses and settlement expenses
$201.3M
$189.9M
$193.2M
$188.0M
Policy acquisition costs
$134.1M
$134.7M
$132.1M
$128.9M
Insurance operating expenses
$30.7M
$32.6M
$28.3M
$30.2M
Interest expense on debt
$4.2M
$4.4M
$2.4M
$1.4M
General corporate expenses
$3.4M
$6.2M
$2.7M
$5.0M
Total expenses
$373.7M
$367.9M
$358.7M
$353.6M
Equity in earnings of unconsolidated investees
($3.1M)
$3.0M
$2.1M
$1.5M
Earnings before income taxes
$100.1M
$210.7M
$67.3M
$157.2M
Income tax expense
$19.1M
$42.7M
$12.5M
$32.6M
Net earnings
$81.0M
$168.0M
$54.9M
$124.6M
Other comprehensive earnings (loss), net of tax
($117.8M)
($2.3M)
($25.4M)
$27.7M
Comprehensive earnings (loss)
($36.8M)
$165.7M
$29.5M
$152.3M
Basic net earnings per share (in dollars per share)
$0.88
$1.83
$0.60
$1.36
Diluted net earnings per share (in dollars per share)
$0.88
$1.82
$0.60
$1.35
Basic weighted average number of common shares outstanding (in shares)
91.8M
91.9M
91.9M
91.8M
Diluted weighted average number of common shares outstanding (in shares)
92.3M
92.2M
92.2M
92.3M
Balance sheet
RLI CORP balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Available-for-sale, at fair value (amortized cost of $3,642,362 and allowance for credit losses of $828 in 2025) (amortized cost of $3,391,159 and allowance for credit losses of $197 in 2024)
$3.5B
$3.2B
$2.9B
$2.7B
Equity securities, at fair value (cost - $534,311 in 2025 and $417,897 in 2024)
$898.9M
$736.2M
$590.0M
$498.4M
Short-term investments, at cost which approximates fair value
$120.6M
$74.9M
$134.9M
$36.2M
Other invested assets
$59.3M
$57.9M
$59.1M
$47.9M
Cash
$51.6M
$39.8M
$36.4M
$22.8M
Total investments and cash
$4.7B
$4.1B
$3.7B
$3.3B
Accrued investment income
$30.0M
$28.3M
$24.1M
$21.3M
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $23,673 in 2025 and $22,932 in 2024
$212.2M
$230.5M
$221.2M
$189.5M
Ceded unearned premium
$124.7M
$125.0M
$112.3M
$138.5M
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $11,107 in 2025 and $9,580 in 2024
$746.8M
$755.4M
$757.3M
$740.1M
Deferred policy acquisition costs
$172.6M
$166.2M
$146.6M
$127.9M
Property and equipment, at cost, net of accumulated depreciation of $84,459 in 2025 and $76,330 in 2024
$40.7M
$43.2M
$46.7M
$49.6M
Investment in unconsolidated investees
$53.5M
$56.5M
$57.0M
$58.3M
Goodwill and intangibles
$53.6M
$53.6M
$53.6M
$53.6M
Income taxes-deferred
$3.0M
$7.8M
$15.9M
$40.3M
Other assets
$63.7M
$77.7M
$69.3M
$75.9M
TOTAL ASSETS
$6.2B
$5.6B
$5.2B
$4.8B
Unpaid losses and settlement expenses
$2.9B
$2.7B
$2.4B
$2.3B
Unearned premiums
$991.6M
$984.1M
$892.3M
$785.1M
Reinsurance balances payable
$40.6M
$44.7M
$71.5M
$61.1M
Funds held
$127.2M
$97.4M
$101.4M
$101.1M
Income taxes-current
$29.7M
$749.0K
$3.8M
—
Income taxes-deferred
$21.8M
—
—
—
Short-term debt
$100.0M
$100.0M
—
—
Accrued expenses
$128.6M
$124.2M
$108.9M
$94.9M
Other liabilities
$56.9M
$62.2M
$42.8M
$32.0M
TOTAL LIABILITIES
$4.4B
$4.1B
$3.8B
$3.6B
Common stock ($0.01 par value) (Shares authorized - 400,000,000) (137,739,079 shares issued and 91,878,651 shares outstanding in 2025) (137,598,560 shares issued and 91,738,132 shares outstanding in 2024)
1.4M
1.4M
686.0K
684.0K
Paid-in capital
$376.7M
$367.6M
$362.3M
$352.4M
Accumulated other comprehensive earnings
($88.1M)
($173.7M)
($166.3M)
($229.1M)
Retained earnings
$1.9B
$1.7B
$1.6B
$1.4B
Deferred compensation
$14.1M
$13.5M
$13.5M
$12.0M
Treasury stock, at cost (45,860,428 shares in 2025 and 2024)
-407.1M
-406.5M
-406.5M
-405.0M
TOTAL SHAREHOLDERS' EQUITY
$1.8B
$1.5B
$1.4B
$1.2B
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
$6.2B
$5.6B
$5.2B
$4.8B
RLI CORP balance sheet, quarters
Line item
Sep 30, 2026
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Available-for-sale, at fair value (amortized cost of $3,892,806 and allowance for credit losses of $522 at 9/30/26) (amortized cost of $3,642,362 and allowance for credit losses of $828 at 12/31/25)
$3.6B
$3.6B
$3.5B
$3.5B
Equity securities, at fair value (cost - $523,206 at 9/30/26 and $534,311 at 12/31/25)
$948.3M
$959.4M
$864.9M
$878.9M
Short-term investments, at cost which approximates fair value
$254.3M
$206.1M
$386.2M
$165.7M
Other invested assets
$57.6M
$58.7M
$60.5M
$56.5M
Cash
$46.2M
$32.1M
$49.1M
$52.6M
Total investments and cash
$4.9B
$4.9B
$4.9B
$4.7B
Accrued investment income
$32.2M
$32.1M
$30.5M
$29.6M
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $21,629 at 9/30/26 and $23,673 at 12/31/25
$231.7M
$267.0M
$243.5M
$231.5M
Ceded unearned premium
$124.2M
$122.3M
$118.5M
$123.0M
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $10,643 at 9/30/26 and $11,107 at 12/31/25
$727.0M
$718.5M
$740.5M
$769.6M
Deferred policy acquisition costs
$191.4M
$188.9M
$176.2M
$181.5M
Property and equipment, at cost, net of accumulated depreciation of $90,456 at 9/30/26 and $84,459 at 12/31/25
$41.0M
$40.7M
$39.8M
$41.1M
Investment in unconsolidated investees
$54.5M
$57.9M
$56.1M
$63.7M
Goodwill and intangibles
$53.6M
$53.6M
$53.6M
$53.6M
Income taxes-deferred
$9.5M
$25.8M
$5.6M
$23.2M
Other assets
$73.1M
$57.9M
$53.9M
$63.3M
TOTAL ASSETS
$6.4B
$6.4B
$6.4B
$6.2B
Unpaid losses and settlement expenses
$3.0B
$2.9B
$2.9B
$2.9B
Unearned premiums
$1.1B
$1.1B
$991.7M
$1.0B
Reinsurance balances payable
$30.5M
$25.0M
$23.5M
$36.0M
Funds held
$140.4M
$131.9M
$134.2M
$113.8M
Income taxes-current
$1.8M
$1.6M
$26.8M
$9.8M
Long-term debt
$297.0M
$297.0M
$297.2M
$100.0M
Accrued expenses
$110.1M
$92.5M
$68.0M
$110.7M
Other liabilities
$102.5M
$86.7M
$80.5M
$70.7M
TOTAL LIABILITIES
$4.7B
$4.7B
$4.6B
$4.4B
Common stock ($0.01 par value) (Shares authorized - 400,000,000) (137,931,006 shares issued, 91,732,032 shares outstanding at 9/30/26) (137,739,079 shares issued, 91,878,651 shares outstanding at 12/31/25)
1.4M
1.4M
1.4M
1.4M
Paid-in capital
$386.6M
$382.9M
$380.1M
$374.5M
Accumulated other comprehensive earnings (loss)
($233.6M)
($115.8M)
($113.4M)
($97.3M)
Retained earnings
$2.0B
$1.9B
$1.9B
$2.0B
Deferred compensation
$13.4M
$13.2M
$11.5M
$12.7M
Less: Treasury shares, at cost (46,198,974 shares at 9/30/26 and 45,860,428 shares at 12/31/25)
-424.7M
-418.2M
-404.5M
-405.7M
TOTAL SHAREHOLDERS' EQUITY
$1.7B
$1.8B
$1.8B
$1.9B
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY
$6.4B
$6.4B
$6.4B
$6.2B
Cash flow statement
RLI CORP cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net earnings
$403.3M
$345.8M
$304.6M
$583.4M
Net realized gains
($65.1M)
($20.0M)
($32.5M)
($588.5M)
Net unrealized gains on equity securities
($43.2M)
($81.7M)
($64.8M)
$121.0M
Depreciation
$8.1M
$7.7M
$8.5M
$8.0M
Deferred income tax expense
$12.6M
$10.1M
$7.7M
($49.6M)
Other items, net
$15.6M
$13.7M
$24.9M
($20.5M)
Accrued investment income
($1.7M)
($4.3M)
($2.8M)
($3.8M)
Premiums and reinsurance balances receivable (net of direct write-offs)
$18.3M
($9.3M)
($31.7M)
($22.2M)
Reinsurance balances payable
($4.1M)
($26.8M)
$10.4M
$18.2M
Funds held
$29.9M
($4.1M)
$302.0K
$11.4M
Ceded unearned premiums
$286.0K
($12.7M)
$26.2M
($7.5M)
Reinsurance balances recoverable on unpaid losses and settlement expenses
$8.6M
$1.9M
($17.3M)
($132.0M)
Deferred policy acquisition costs
($6.4M)
($19.6M)
($18.7M)
($24.3M)
Accrued expenses
$4.4M
$15.4M
$14.0M
($3.4M)
Unpaid losses and settlement expenses
$193.3M
$247.4M
$130.4M
$272.1M
Unearned premiums
$7.5M
$91.8M
$107.2M
$104.6M
Current income taxes payable
$29.0M
($3.0M)
$7.3M
($6.6M)
Undistributed earnings
$3.9M
$4.9M
($9.6M)
($9.9M)
Net cash provided by operating activities
$614.2M
$560.2M
$464.3M
$250.4M
Fixed income securities, available-for-sale
($1.3B)
($811.9M)
($662.1M)
($2.1B)
Equity securities
($171.5M)
($97.9M)
($55.7M)
($45.0M)
Property and equipment
($5.5M)
($4.7M)
($5.9M)
($5.9M)
Other
($4.7M)
($11.0M)
($10.8M)
($5.7M)
Fixed income securities, available-for-sale
$561.4M
$149.9M
$50.1M
$53.3M
Equity securities
$115.7M
$64.8M
$51.9M
$62.2M
Equity method investee
$2.6M
—
$14.3M
$686.7M
Other
$6.0M
$5.5M
$817.0K
$2.7M
Fixed income, available-for-sale
$457.5M
$326.3M
$504.2M
$1.4B
Net sale (purchase) of short-term investments
($45.6M)
$60.0M
($98.7M)
($36.2M)
Net cash used in investing activities
($362.1M)
($318.9M)
($211.8M)
$48.9M
Proceeds from issuance of debt
$50.0M
$73.0M
$100.0M
—
Repayment of debt
($50.0M)
($73.0M)
($200.0M)
—
Proceeds from stock option exercises
$1.2M
($2.3M)
$1.2M
($465.0K)
Cash dividends paid
($241.6M)
($235.7M)
($140.1M)
($364.8M)
Net cash used in financing activities
($240.3M)
($238.0M)
($238.8M)
($365.3M)
Net increase (decrease) in cash
$11.8M
$3.4M
$13.6M
($66.0M)
Cash at beginning of year
$39.8M
$36.4M
$22.8M
$88.8M
Cash at end of year
$51.6M
$39.8M
$36.4M
—
RLI CORP cash flow statement, quarters
Line item
Sep 30, 2026 · YTD
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Net cash provided by operating activities
$382.7M
$188.0M
$42.8M
$457.5M
Fixed income securities, available-for-sale
($753.4M)
($469.5M)
($195.8M)
($983.0M)
Equity securities
($16.6M)
($14.8M)
($13.5M)
($137.7M)
Property and equipment
($6.2M)
($3.9M)
($1.1M)
($3.7M)
Other
($6.3M)
($5.9M)
($3.8M)
($4.5M)
Fixed income securities, available-for-sale
$162.0M
$126.6M
$62.7M
$383.2M
Equity securities
$57.8M
$38.4M
$18.2M
$87.9M
Other
$4.5M
$4.2M
$747.0K
$2.8M
Fixed income securities, available-for-sale
$352.8M
$230.7M
$118.5M
$343.3M
Net proceeds from sale (purchase) of short-term investments