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RLI logoRLI Corp.(RLI)Earnings, Financials & Key Ratios

RLI•NYSE•Insurance & Managed Care
$49.01
$4.51B mkt cap·11.2× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustryProperty & Casualty InsuranceSub-IndustrySpecialty and excess surplus insurers
AboutRLI Corp., an insurance holding company, underwrites property and casualty insurance in the United States and internationally. Its Casualty segment provides commercial and personal coverage products; and general liability products, such as coverage for third-party liability of commercial insureds, including manufacturers, contractors, apartments, and mercantile. It also offers coverages for security guards and in the areas of onshore energy-related businesses and environmental liability for underground storage tanks, contractors and asbestos, and environmental remediation specialists; and professional liability coverages focuses on providing errors and omission coverage to small to medium-sized design, technical, computer, and miscellaneous professionals. This segment provides commercial automobile liability and physical damage insurance to local, intermediate and long haul truckers, public transportation entities, and other types of specialty commercial automobile risks; incidental and related insurance coverages; inland marine coverages; management liability coverages, such as directors and officers liability insurance, fiduciary liability and coverages, employment practice liability, and for various classes of risks, including public and private businesses; and healthcare liability and home business insurance products. The company's Property segment offers commercial property, cargo, hull, protection and indemnity, marine liability, inland marine, homeowners' and dwelling fire, and other property insurance products. Its Surety segment offers commercial surety bonds for medium to large-sized businesses; small bonds for businesses and individuals; and bonds for small to medium-sized contractors. The company also underwrites various reinsurance coverages. It markets its products through branch offices, brokers, carrier partners, and underwriting and independent agents. RLI Corp. was founded in 1965 and is headquartered in Peoria, Illinois.Show more
  • Revenue$1.88B+6.3%
  • Combined Ratio72.47%-4.5%
  • Net Income$403M+16.6%
  • Return on Equity24.44%+3.8%
  • Medical Cost Ratio70.18%-5.6%
  • Operating Margin27.53%+14.0%
  • Net Margin21.43%+9.7%
  • ROA6.84%+6.9%
  • Equity / Assets28.86%+6.7%
  • Book Value per Share19.28+17.1%
  • Tangible BV/Share18.70+17.7%
  • Debt/Equity0.06-14.4%
Technical→

RLI Key Insights

RLI Corp. (RLI) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Profitable underwriting: 72.5% combined ratio
  • ✓Excellent 3Y average ROE of 23.8%
  • ✓Strong 5Y profit CAGR of 20.8%
  • ✓Strong Piotroski F-Score: 8/9
  • ✓Healthy dividend yield of 5.3%

✗Weaknesses

  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

RLI Price & Volume

RLI Corp. (RLI) stock price & volume — 10-year historical chart

Loading chart...

RLI Growth Metrics

RLI Corp. (RLI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years8.98%
5 Years13.77%
3 Years3.5%
TTM9.54%

Profit CAGR

10 Years11.36%
5 Years20.75%
3 Years-11.58%
TTM40.53%

EPS CAGR

10 Years10.82%
5 Years20.31%
3 Years-11.87%
TTM40.79%

Return on Capital

10 Years9.21%
5 Years9.68%
3 Years8.24%
Last Year9%

RLI Recent Earnings

RLI Corp. (RLI) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
Apr 22, 2026
EPS
$0.83
Est $0.85
-2.4%
Revenue
$504M
Est $490M
+2.9%
Q1 2026
Jan 21, 2026
EPS
$0.94
Est $0.81
+15.3%
Revenue
$463M
Est $482M
-3.8%
Q4 2025
Oct 20, 2025
EPS
$0.83
Est $0.71
+16.6%
Revenue
$509M
Est $515M
-1.2%
Q3 2025
Jul 21, 2025
EPS
$0.84
Est $0.75
+12.0%
Revenue
$500M
Est $445M
+12.2%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 22, 2026
$0.83vs $0.85-2.4%
$504Mvs $490M+2.9%
Q1 2026Jan 21, 2026
$0.94vs $0.81+15.3%
$463Mvs $482M-3.8%
Q4 2025Oct 20, 2025
$0.83vs $0.71+16.6%
$509Mvs $515M-1.2%
Q3 2025Jul 21, 2025
$0.84vs $0.75+12.0%
$500Mvs $445M+12.2%
Based on last 12 quarters of dataView full earnings history →

RLI Peer Comparison

RLI Corp. (RLI) competitors in Specialty and excess surplus insurers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
KNSL logoKNSLKinsale Capital Group, Inc.Direct Competitor7.03B303.5814.0218.04%27.48%28.05%0.11
JRVR logoJRVRJames River Group Holdings, Ltd.Direct Competitor207.09M4.515.70-2.83%4.34%4.72%0.49
ACGL logoACGLArch Capital Group Ltd.Direct Competitor33.74B94.708.1514.27%22.07%19.02%0.11
RNR logoRNRRenaissanceRe Holdings Ltd.Direct Competitor13.06B302.635.349.45%26.93%16.59%0.12
ERIE logoERIEErie Indemnity CompanyDirect Competitor9.86B213.5620.117.17%13.2%25.03%
HIG logoHIGThe Hartford Financial Services Group, Inc.Product Competitor36.71B133.4910.027.1%14.13%22.01%0.23
WRB logoWRBW. R. Berkley CorporationProduct Competitor24.76B66.1214.867.82%12.1%18.86%0.29
MKL logoMKLMarkel CorporationProduct Competitor22.34B1785.5810.55-0.96%10.7%9.56%0.23

Compare RLI vs Peers

RLI Corp. (RLI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KNSL

Most directly comparable listed peer for RLI.

Scale Benchmark

vs CB

Larger-name benchmark to compare RLI against a more recognizable public peer.

Peer Set

Compare Top 5

vs KNSL, JRVR, ACGL, RNR

RLI Income Statement

RLI Corp. (RLI) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue800.8M820.36M1.01B987.68M1.18B1.7B1.51B1.77B1.88B1.9B
Revenue Growth %-2.09%2.44%22.7%-1.88%19.83%43.47%-10.95%17.09%6.33%9.54%
Medical Costs & Claims605.29M640.94M651.15M679.92M723.95M966.22M1.12B1.32B1.32B1.19B
Medical Cost Ratio %75.59%78.13%64.69%68.84%61.17%56.9%74.15%74.32%70.18%62.49%
Gross Profit
195.51M▲ 0%
179.43M▼ 8.2%
355.47M▲ 98.1%
307.76M▼ 13.4%
459.6M▲ 49.3%
731.77M▲ 59.2%
390.87M▼ 46.6%
454.63M▲ 16.3%
561.42M▲ 23.5%
712.18M▲ 0%
Gross Margin %24.41%21.87%35.31%31.16%38.83%43.1%25.85%25.68%29.82%37.51%
Gross Profit Growth %-28.55%-8.23%98.12%-13.42%49.34%59.22%-46.59%16.31%23.49%-
Operating Expenses110.92M111.84M122.74M117.92M115.28M11.09M13.61M27.08M43.15M205.2M
OpEx / Revenue %13.85%13.63%12.19%11.94%9.74%0.65%0.9%1.53%2.29%10.81%
Depreciation & Amortization6.94M7.04M8.16M7.43M7.39M7.98M8.54M7.66M8.13M0
Combined Ratio %89.44%91.76%76.88%80.78%70.91%57.56%75.05%75.85%72.47%73.3%
Operating Income
84.59M▲ 0%
67.58M▼ 20.1%
232.73M▲ 244.4%
189.84M▼ 18.4%
344.32M▲ 81.4%
720.68M▲ 109.3%
377.26M▼ 47.7%
427.55M▲ 13.3%
518.27M▲ 21.2%
506.98M▲ 0%
Operating Margin %10.56%8.24%23.12%19.22%29.09%42.44%24.95%24.15%27.53%26.7%
Operating Income Growth %-46.15%-20.11%244.38%-18.43%81.37%109.3%-47.65%13.33%21.22%-
EBITDA91.53M74.62M240.9M197.27M351.71M728.66M385.81M435.21M526.4M512.05M
EBITDA Margin %11.43%9.1%23.93%19.97%29.72%42.91%25.52%24.58%27.96%26.97%
Interest Expense7.43M7.44M7.59M7.6M7.68M8.05M7.3M6.33M5.36M6.38M
Non-Operating Income-7.43M-7.44M-7.59M-7.6M-7.68M-8.05M-7.3M-6.33M-4.05M-5.07M
Pretax Income
84.59M▲ 0%
67.58M▼ 20.1%
232.73M▲ 244.4%
189.84M▼ 18.4%
344.32M▲ 81.4%
720.68M▲ 109.3%
377.26M▼ 47.7%
427.55M▲ 13.3%
505.98M▲ 18.3%
494.69M▲ 0%
Pretax Margin %10.56%8.24%23.12%19.22%29.09%42.44%24.95%24.15%26.88%26.05%
Income Tax-20.44M3.4M41.09M32.75M64.97M137.27M72.65M81.77M102.64M99.68M
Effective Tax Rate %-24.16%5.03%17.66%17.25%18.87%19.05%19.26%19.13%20.29%20.15%
Net Income
105.03M▲ 0%
64.18M▼ 38.9%
191.64M▲ 198.6%
157.09M▼ 18.0%
279.35M▲ 77.8%
583.41M▲ 108.8%
304.61M▼ 47.8%
345.78M▲ 13.5%
403.34M▲ 16.6%
395.01M▲ 0%
Net Margin %13.12%7.82%19.04%15.91%23.6%34.36%20.15%19.53%21.43%20.8%
Net Income Growth %-8.61%-38.89%198.61%-18.03%77.83%108.84%-47.79%13.51%16.65%40.53%
EPS (Diluted)
1.18▲ 0%
0.72▼ 39.4%
2.12▲ 196.5%
1.73▼ 18.4%
3.06▲ 76.9%
6.37▲ 108.2%
3.31▼ 48.0%
3.74▲ 13.0%
4.36▲ 16.6%
4.28▲ 0%
EPS Growth %-8.88%-39.41%196.5%-18.4%76.88%108.17%-48.04%12.99%16.58%40.79%
EPS (Basic)1.190.722.141.753.096.433.343.784.38-
Diluted Shares Outstanding89M89.67M90.51M90.75M91.42M91.59M92.15M92.45M92.22M92.19M

RLI Balance Sheet

RLI Corp. (RLI) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets2.95B3.11B3.55B3.94B4.51B4.77B5.18B5.63B6.16B5.54B
Asset Growth %6.11%5.35%14.19%11.08%14.47%5.74%8.67%8.66%9.46%22.76%
Total Investment Assets2.16B2.2B2.62B2.9B3.25B3.31B3.7B74.92M120.56M4M
Long-Term Investments2.16B2.2B2.55B2.85B3.19B3.26B3.64B004.41B
Short-Term Investments001.98B2.2B2.41B2.7B2.99B74.92M120.56M386.22M
Total Current Assets2.14B2.19B00000114.7M172.13M435.34M
Cash & Equivalents34.25M41.69M46.2M62.22M88.8M22.82M36.42M39.79M51.56M49.12M
Receivables00544.89M618.36M775.37M929.59M978.55M230.53M212.23M2.47B
Other Current Assets00-2.67B-2.99B-3.4B-3.79B-4.12B-230.53M-212.23M-243.45M
Goodwill & Intangibles59.3M54.53M54.13M53.72M53.56M53.56M53.56M53.56M53.56M214.25M
Goodwill49.66M46.06M46.06M46.06M46.06M46.06M46.06M46.06M46.06M53.56M
Intangible Assets9.64M8.47M8.06M7.66M7.5M7.5M7.5M7.5M7.5M0
PP&E (Net)55.85M54.69M53.12M51.41M52.16M49.57M46.72M43.17M40.73M39.81M
Other Assets-1.53B-1.42B-2.65B-2.95B-3.3B-3.36B-3.74B000
Total Liabilities2.09B2.3B2.55B2.8B3.28B3.59B3.77B4.11B4.38B4.61B
Total Debt148.93M149.12M149.3M149.49M199.68M399.73M200M100M100M347.25M
Net Debt114.68M107.42M103.1M87.27M110.87M376.91M163.58M60.21M48.44M298.13M
Long-Term Debt148.93M149.12M149.3M149.49M199.68M199.86M100M00297.25M
Short-Term Debt00000199.86M100M100M100M50M
Total Current Liabilities1.94B2.15B00000145.43M129.72M76.8M
Accounts Payable21.62M22.59M25.69M42.27M42.85M61.1M71.51M44.68M40.58M0
Deferred Revenue00000000866.97M0
Other Current Liabilities-74.47M-67.72M-92.32M-118.19M-141.13M-355.83M-284.14M-124.24M-907.55M26.8M
Deferred Taxes1000K1000K1000K1000K1000K0001000K53.97M
Other Liabilities00-206.03M-229.72M-283.19M-199.86M-100M4.01B4.23B4.23B
Total Equity
853.6M▲ 0%
806.84M▼ 5.5%
995.39M▲ 23.4%
1.14B▲ 14.1%
1.23B▲ 8.2%
1.18B▼ 4.2%
1.41B▲ 20.1%
1.52B▲ 7.7%
1.78B▲ 16.8%
1.8B▲ 0%
Equity Growth %3.65%-5.48%23.37%14.12%8.22%-4.23%20.06%7.67%16.84%45.47%
Shareholders Equity853.6M806.84M995.39M1.14B1.23B1.18B1.41B1.52B1.78B6.4B
Minority Interest0000000000
Retained Earnings788.52M908.08M1.01B1.08B1.23B1.45B1.61B1.72B1.88B1.92B
Common Stock67.08M674K678K681K682K684K1.37M1.38M1.38M91.93M
Accumulated OCI157.92M-14.57M52.47M108.71M49.83M-229.08M-166.3M-173.72M-73.99M-113.44M
Return on Equity (ROE)12.52%7.73%21.27%14.74%23.62%48.48%23.51%23.56%24.44%22%
Return on Assets (ROA)3.67%2.12%5.76%4.2%6.61%12.58%6.12%6.4%6.84%6.6%
Equity / Assets28.96%25.98%28.07%28.84%27.27%24.7%27.29%27.04%28.86%32.41%
Debt / Equity0.17x0.18x0.15x0.13x0.16x0.34x0.14x0.07x0.06x0.06x
Book Value per Share9.599.0011.0012.5213.4512.8515.3416.4619.2819.49
Tangible BV per Share8.928.3910.4011.9312.8612.2714.7615.8818.7018.91

RLI Cash Flow Statement

RLI Corp. (RLI) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations197.53M217.1M276.92M263.26M384.9M250.45M464.26M560.22M614.22M614.22M
Operating CF Growth %13.22%9.91%27.55%-4.93%46.21%-34.93%85.37%20.67%9.64%-31.33%
Operating CF / Revenue %24.67%26.46%27.51%26.65%32.52%14.75%30.7%31.64%32.63%32.35%
Net Income105.03M64.18M191.64M157.09M279.35M583.41M304.61M345.78M403.34M395.01M
Depreciation & Amortization6.94M7.04M8.16M7.43M7.39M7.98M8.54M7.66M8.13M-2.31M
Stock-Based Compensation4.8M5.5M6M5.4M6M9M9M8M0-2M
Deferred Taxes0000000000
Other Non-Cash Items-25.16M60.11M-27.09M-8.4M-41.37M-458.42M31.27M10.87M-47.29M475M
Working Capital Changes105.91M80.27M98.2M101.74M133.52M108.47M110.83M187.91M250.04M0
Cash from Investing-81.21M-134.21M-184.75M-167.99M-274.83M48.88M-211.8M-318.87M-362.13M-538.33M
Capital Expenditures-9.24M-6.09M-6.96M-5.77M-8.31M-5.89M-5.91M0-5.52M-1.79M
Acquisitions408K167K0-4.53M-8.98M682.85M14.28M000
Purchase of Investments-456.41M-843.17M-617.66M-596.23M-874.53M-2.13B-816.42M-909.85M-1.5B-402.99M
Sale/Maturity of Investments400.95M730.24M460.11M447.06M620.82M1.51B620.47M01.14B322.87M
Other Investing-16.92M-15.36M-20.25M-8.52M-3.82M-2.67M-24.23M590.98M1.32M-456.43M
Cash from Financing-110.31M-77.02M-76.1M-79.26M-83.49M-365.31M-238.85M-237.98M-240.32M6.86M
Dividends Paid-113.81M-83.1M-85.59M-87.91M-135.33M-364.85M-140.09M-235.66M-241.56M-242.51M
Share Repurchases0000000000
Stock Issued3.5M6.08M9.49M8.65M1.84M-465K1.25M-2.33M1.24M-727K
Debt Issuance (Net)00001000K0-1000K000
Other Financing000000000250.09M
Net Change in Cash
6M▲ 0%
5.87M▼ 2.2%
16.06M▲ 173.7%
16.01M▼ 0.3%
26.59M▲ 66.0%
-65.99M▼ 348.2%
13.61M▲ 120.6%
3.37M▼ 75.3%
11.78M▲ 249.8%
22.06M▲ 0%
Exchange Rate Effect0000000000
Cash at Beginning18.27M24.27M30.14M46.2M62.22M88.8M22.82M36.42M39.79M51.56M
Cash at End24.27M30.14M46.2M62.22M88.8M22.82M36.42M39.79M51.56M49.12M
Free Cash Flow
188.29M▲ 0%
211.01M▲ 12.1%
269.96M▲ 27.9%
257.49M▼ 4.6%
376.6M▲ 46.3%
244.56M▼ 35.1%
458.34M▲ 87.4%
555.51M▲ 21.2%
608.7M▲ 9.6%
551.42M▲ 0%
FCF Growth %18.94%12.07%27.93%-4.62%46.26%-35.06%87.42%21.2%9.57%-6.24%
FCF Margin %23.51%25.72%26.82%26.07%31.82%14.4%30.31%31.38%32.34%29.04%
FCF per Share2.122.352.982.844.122.674.976.016.66.6

RLI Key Ratios

RLI Corp. (RLI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Combined Ratio89.44%91.76%76.88%80.78%70.91%57.56%75.05%75.85%72.47%73.3%
Medical Cost Ratio75.59%78.13%64.69%68.84%61.17%56.9%74.15%74.32%70.18%62.49%
Return on Equity (ROE)12.52%7.73%21.27%14.74%23.62%48.48%23.51%23.56%24.44%22%
Return on Assets (ROA)3.67%2.12%5.76%4.2%6.61%12.58%6.12%6.4%6.84%6.6%
Equity / Assets28.96%25.98%28.07%28.84%27.27%24.7%27.29%27.04%28.86%32.41%
Book Value / Share9.5991112.5213.4512.8515.3416.4619.2819.49
Debt / Equity0.17x0.18x0.15x0.13x0.16x0.34x0.14x0.07x0.06x0.06x
Revenue Growth-2.09%2.44%22.7%-1.88%19.83%43.47%-10.95%17.09%6.33%9.54%

RLI SEC Filings & Documents

RLI Corp. (RLI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 22, 2026·SEC

Material company update

Mar 3, 2026·SEC

Material company update

Feb 18, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 21, 2025·SEC

FY 2024

Feb 23, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 24, 2026·SEC

FY 2025

Oct 22, 2025·SEC

FY 2025

Jul 24, 2025·SEC

RLI Frequently Asked Questions

RLI Corp. (RLI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

RLI Corp. (RLI) grew revenue by 6.3% over the past year. This is steady growth.

Yes, RLI Corp. (RLI) is profitable, generating $395.0M in net income for fiscal year 2025 (21.4% net margin).

Dividend & Returns

Yes, RLI Corp. (RLI) pays a dividend with a yield of 5.34%. This makes it attractive for income-focused investors.

RLI Corp. (RLI) has a return on equity (ROE) of 24.4%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

RLI Corp. (RLI) has a combined ratio of 72.5%. A ratio below 100% indicates underwriting profitability.

Explore More RLI

RLI Corp. (RLI) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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