RLI Corp. (RLI) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Insurance - Property & Casualty
EV/EBITDA
↓
9.36
↓-32% vs avg
5yr avg: 13.78
30Y Low3.8·High42.9
P/FCF
↓
8.02
↓-47% vs avg
5yr avg: 15.00
30Y Low3.6·High78.8
P/B Ratio
↓
2.75
↓-37% vs avg
5yr avg: 4.39
30Y Low1.2·High5.1
ROE
↑
24.4%
-15% vs avg
5yr avg: 28.7%
30Y Low8%·High48%
Debt/EBITDA
↓
0.19
↓-54% vs avg
5yr avg: 0.41
30Y Low0.2·High2.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
RLI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
RLI Corp. trades at 12.2x earnings, 29% below its 5-year average of 17.1x, sitting at the 23rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 10%. On a free-cash-flow basis, the stock trades at 8.0x P/FCF, 47% below the 5-year average of 15.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.9B | $5.9B | $7.6B | $6.1B | $6.0B | $5.1B | $4.7B | $4.1B | $3.1B | $2.7B | $2.8B |
| Enterprise Value | $4.9B | $5.9B | $7.7B | $6.3B | $6.4B | $5.2B | $4.8B | $4.2B | $3.2B | $2.8B | $2.9B |
| P/E Ratio → | 12.18 | 14.67 | 22.04 | 20.11 | 10.30 | 18.32 | 30.10 | 21.23 | 48.24 | 25.70 | 24.38 |
| P/S Ratio | 2.59 | 3.13 | 4.30 | 4.06 | 3.54 | 4.33 | 4.79 | 4.05 | 3.77 | 3.37 | 3.43 |
| P/B Ratio | 2.75 | 3.32 | 5.01 | 4.34 | 5.11 | 4.17 | 4.16 | 4.09 | 3.83 | 3.16 | 3.41 |
| P/FCF | 8.02 | 9.69 | 13.72 | 13.38 | 24.58 | 13.61 | 18.36 | 15.09 | 14.66 | 14.34 | 17.72 |
| P/OCF | 7.95 | 9.61 | 13.60 | 13.21 | 24.00 | 13.31 | 17.95 | 14.71 | 14.25 | 13.67 | 16.08 |
P/E links to full P/E history page with 30-year chart
RLI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
RLI Corp.'s enterprise value stands at 9.4x EBITDA, 32% below its 5-year average of 13.8x. The Financial Services sector median is 11.4x, placing the stock at a 18% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.16 | 4.34 | 4.16 | 3.76 | 4.42 | 4.87 | 4.15 | 3.90 | 3.51 | 3.58 |
| EV / EBITDA | 9.36 | 11.30 | 17.65 | 16.32 | 8.77 | 14.88 | 24.40 | 17.34 | 42.88 | 30.74 | 17.92 |
| EV / EBIT | 9.51 | 11.39 | 17.70 | 16.38 | 8.77 | 14.87 | 24.38 | 17.38 | 42.66 | 30.58 | 17.82 |
| EV / FCF | — | 9.77 | 13.83 | 13.74 | 26.12 | 13.90 | 18.69 | 15.47 | 15.17 | 14.95 | 18.51 |
RLI Profitability
Margins and return-on-capital ratios measuring operating efficiency
RLI Corp. earns an operating margin of 27.5%, above the Financial Services sector average of 20.3%. Operating margins have expanded from 25.0% to 27.5% over the past 3 years, signaling improving operational efficiency. ROE of 24.4% indicates solid capital efficiency, compared to the sector median of 9.0%. ROIC of 22.8% represents excellent returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.8% | 29.8% | 25.7% | 25.9% | 43.1% | 38.8% | 31.2% | 35.3% | 21.9% | 24.4% | 33.5% |
| Operating Margin | 27.5% | 27.5% | 24.2% | 25.0% | 42.4% | 29.1% | 19.2% | 23.1% | 8.2% | 10.6% | 19.2% |
| Net Profit Margin | 21.4% | 21.4% | 19.5% | 20.1% | 34.4% | 23.6% | 15.9% | 19.0% | 7.8% | 13.1% | 14.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 24.4% | 24.4% | 23.6% | 23.5% | 48.5% | 23.6% | 14.7% | 21.3% | 7.7% | 12.5% | 14.0% |
| ROA | 6.8% | 6.8% | 6.4% | 6.1% | 12.6% | 6.6% | 4.2% | 5.8% | 2.1% | 3.7% | 4.2% |
| ROIC | 22.8% | 22.8% | 20.3% | 18.1% | 37.3% | 20.1% | 12.3% | 17.3% | 5.4% | 6.6% | 12.4% |
| ROCE | 9.0% | 9.0% | 8.1% | 7.6% | 15.5% | 8.2% | 5.1% | 7.0% | 6.9% | 8.6% | 16.1% |
RLI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
RLI Corp. carries a Debt/EBITDA ratio of 0.2x, which is very conservative (96% below the sector average of 4.3x). Net debt stands at $48M ($100M total debt minus $52M cash). Interest coverage of 97.5x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.06 | 0.06 | 0.07 | 0.14 | 0.34 | 0.16 | 0.13 | 0.15 | 0.18 | 0.17 | 0.18 |
| Debt / EBITDA | 0.19 | 0.19 | 0.23 | 0.52 | 0.55 | 0.57 | 0.76 | 0.62 | 2.00 | 1.63 | 0.91 |
| Net Debt / Equity | — | 0.03 | 0.04 | 0.12 | 0.32 | 0.09 | 0.08 | 0.10 | 0.13 | 0.13 | 0.15 |
| Net Debt / EBITDA | 0.09 | 0.09 | 0.14 | 0.42 | 0.52 | 0.32 | 0.44 | 0.43 | 1.44 | 1.25 | 0.77 |
| Debt / FCF | — | 0.08 | 0.11 | 0.36 | 1.54 | 0.29 | 0.34 | 0.38 | 0.51 | 0.61 | 0.79 |
| Interest Coverage | 97.48 | 97.48 | 68.53 | 52.67 | 90.56 | 45.85 | 25.97 | 31.67 | 10.09 | 12.39 | 22.15 |
RLI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.33x means RLI Corp. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.79x to 1.33x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.33 | 1.33 | 0.79 | — | — | — | — | — | 1.02 | 1.10 | 1.12 |
| Quick Ratio | 1.33 | 1.33 | 0.79 | — | — | — | — | — | 0.20 | 0.03 | 0.03 |
| Cash Ratio | 1.33 | 1.33 | 0.79 | — | — | — | — | — | 0.02 | 0.02 | 0.01 |
| Asset Turnover | — | 0.31 | 0.31 | 0.29 | 0.36 | 0.26 | 0.25 | 0.28 | 0.26 | 0.27 | 0.29 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
RLI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
RLI Corp. returns 4.9% to shareholders annually primarily through dividends. A payout ratio of 59.9% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 8.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.9% | 4.1% | 0.0% | 2.3% | 6.1% | 2.6% | 1.9% | 2.1% | 2.7% | 4.2% | 4.4% |
| Payout Ratio | 59.9% | 59.9% | 0.9% | 46.0% | 62.5% | 48.4% | 56.0% | 44.7% | 129.5% | 108.4% | 106.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.2% | 6.8% | 4.5% | 5.0% | 9.7% | 5.5% | 3.3% | 4.7% | 2.1% | 3.9% | 4.1% |
| FCF Yield | 12.5% | 10.3% | 7.3% | 7.5% | 4.1% | 7.3% | 5.4% | 6.6% | 6.8% | 7.0% | 5.6% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.9% | 4.1% | 0.0% | 2.3% | 6.1% | 2.6% | 1.9% | 2.1% | 2.7% | 4.2% | 4.4% |
| Shares Outstanding | — | $92M | $92M | $92M | $92M | $91M | $91M | $91M | $90M | $89M | $89M |
Peer Comparison
Compare RLI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 RLIYou | $5B | 12.2 | 9.4 | 8.0 | 29.8% | 27.5% | 24.4% | 22.8% | 0.2 |
 KNSL | $7B | 14.3 | 11.3 | 7.2 | 52.5% | 33.8% | 29.3% | 26.6% | 0.4 |
 JRVR | $182M | 5.0 | 5.0 | — | 28.4% | 7.4% | 7.5% | 5.9% | 6.6 |
 ACGL | $32B | 7.8 | 6.6 | 5.3 | 37.2% | 25.0% | 19.5% | 15.4% | 0.5 |
 RNR | $13B | 5.3 | 3.4 | 3.5 | 40.7% | 31.5% | 14.6% | 16.0% | 0.6 |
 ERIE | $10B | 20.8 | 12.4 | 17.9 | 15.8% | 17.7% | 26.2% | 29.5% | — |
 HIG | $35B | 9.6 | 7.7 | 6.1 | 46.1% | 16.8% | 21.7% | 16.3% | 0.8 |
 WRB | $25B | 15.1 | 11.1 | 7.3 | 19.8% | 15.9% | 19.6% | 18.2% | 1.2 |
 MKL | $23B | 10.9 | 8.0 | 9.0 | 69.4% | 16.5% | 11.5% | 10.7% | 1.5 |
 CINF | $26B | 11.2 | 8.2 | 8.6 | 50.1% | 23.6% | 16.0% | 15.3% | 0.3 |
 SIGI | $6B | 12.3 | 10.4 | 4.5 | 40.9% | 11.0% | 13.9% | 10.9% | 1.4 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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RLI — Frequently Asked Questions
Quick answers to the most common questions about buying RLI stock.
What is RLI Corp.'s P/E ratio?
RLI Corp.'s current P/E ratio is 12.2x. The historical average is 16.9x. This places it at the 23th percentile of its historical range.
What is RLI Corp.'s EV/EBITDA?
RLI Corp.'s current EV/EBITDA is 9.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.5x.
What is RLI Corp.'s ROE?
RLI Corp.'s return on equity (ROE) is 24.4%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 16.3%.
Is RLI stock overvalued?
Based on historical data, RLI Corp. is trading at a P/E of 12.2x. This is at the 23th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is RLI Corp.'s dividend yield?
RLI Corp.'s current dividend yield is 4.93% with a payout ratio of 59.9%.
What are RLI Corp.'s profit margins?
RLI Corp. has 29.8% gross margin and 27.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does RLI Corp. have?
RLI Corp.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.