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Financials · RLI

RLI Corp. (RLI) financials

For the twelve months ended Sep 30, 2026, RLI Corp. reported $1.94B of revenue and $395.10M of net income.

Revenue, TTM
$1.94B
Revenue growth, YoY
+4.6%
Net income, TTM
$395.10M
Net income growth, YoY
+11.9%
Net margin
20.3%
Free cash flow, TTM
$531.54M
EPS, diluted, TTM
$4.30
EPS growth, YoY
+13.2%
Cash
$46.21M
Total debt
$297.00M
P/E
15.78
P/S
3.21
Market cap
$6.23B
Annual revenue$1.88B
FY2016FY2025
Annual net income$403.34M
FY2016FY2025
Annual free cash flow$608.70M
FY2016FY2025

RLI revenue and earnings growth

RLI revenueQ3 2026$476.96M

Quarter YoY
-6.3%
QoQ
-17.1%
FY YoY
+6.3%
5Y CAGR
+13.9%
10Y CAGR
+9.0%

RLI revenue was $476.96M in fiscal Q3 2026 (ended Sep 30, 2026), down 6.3% from a year earlier and down 17.1% from the prior quarter. For the full fiscal 2025 it was $1.88B, up 6.3% from fiscal 2024. Compound annual growth was +13.9% over 5 years and +9.0% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

RLI net incomeQ3 2026$81.01M

Quarter YoY
-35.0%
QoQ
-51.8%
FY YoY
+16.6%
5Y CAGR
+20.8%
10Y CAGR
+11.4%

RLI net income was $81.01M in fiscal Q3 2026 (ended Sep 30, 2026), down 35.0% from a year earlier and down 51.8% from the prior quarter. For the full fiscal 2025 it was $403.34M, up 16.6% from fiscal 2024. Compound annual growth was +20.8% over 5 years and +11.4% over 10 years. It rose in 5 of the last 10 fiscal years.

RLI EPSQ3 2026$0.88

Quarter YoY
-34.8%
QoQ
-51.6%
FY YoY
+16.8%
5Y CAGR
+20.4%
10Y CAGR
+10.8%

RLI diluted EPS was $0.88 in fiscal Q3 2026 (ended Sep 30, 2026), down 34.8% from a year earlier and down 51.6% from the prior quarter. For the full fiscal 2025 it was $4.37, up 16.8% from fiscal 2024. Compound annual growth was +20.4% over 5 years and +10.8% over 10 years.

RLI free cash flowQ3 2026$192.36M

Quarter YoY
+8.2%
QoQ
+35.1%
FY YoY
+9.6%
5Y CAGR
+18.8%
10Y CAGR
+15.6%

RLI free cash flow was $192.36M in fiscal Q3 2026 (ended Sep 30, 2026), up 8.2% from a year earlier and up 35.1% from the prior quarter. For the full fiscal 2025 it was $608.70M, up 9.6% from fiscal 2024. Compound annual growth was +18.8% over 5 years and +15.6% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$1.88B$1.77B$1.51B$1.70B$1.18B$983.63M$1.00B$818.12M$797.22M$816.33M
Pre-tax income$505.98M$427.55M$377.26M$720.68M$344.32M$189.84M$232.73M$67.58M$84.59M$157.08M
Income tax$102.64M$81.77M$72.65M$137.27M$64.97M$32.75M$41.09M$3.40M-$20.44M$42.16M
Net income$403.34M$345.78M$304.61M$583.41M$279.35M$157.09M$191.64M$64.18M$105.03M$114.92M
EPS, basic$4.39$3.78$3.34$6.43$3.09$1.75$2.14$0.72$1.20$1.31
EPS, diluted$4.37$3.74$3.31$6.37$3.06$1.73$2.12$0.71$1.18$1.29
Diluted shares92.4M92.5M92.2M91.6M91.4M90.8M90.5M89.7M89.0M88.9M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$51.56M$39.79M$36.42M$22.82M$88.80M$62.22M$46.20M$30.14M$24.27M$18.27M
Short-term investments-------$11.55M$9.98M$5.01M
Goodwill$46.06M$46.06M$46.06M$46.06M$46.06M$46.06M$46.06M$46.06M$49.66M$51.27M
Total assets$6.16B$5.63B$5.18B$4.77B$4.51B$3.94B$3.55B$3.11B$2.95B$2.78B
Short-term debt$100.00M$100.00M$100.00M-------
Total debt-$100.00M$100.00M$199.86M$199.68M$149.49M----
Total liabilities$4.38B$4.11B$3.77B$3.59B$3.28B$2.80B$2.55B$2.30B$2.09B$1.95B
Shareholders' equity$1.78B$1.52B$1.41B$1.18B$1.23B$1.14B$995.39M$806.84M$853.60M$823.57M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$614.22M$560.22M$464.26M$250.45M$384.90M$263.26M$276.92M$217.10M$197.53M$174.46M
Capital expenditures$5.52M$4.71M$5.91M$5.89M$8.31M$5.77M$6.96M$6.09M$9.24M$16.16M
Free cash flow$608.70M$555.51M$458.34M$244.56M$376.60M$257.49M$269.96M$211.01M$188.29M$158.31M
Investing cash flow-$362.13M-$318.87M-$211.80M$48.88M-$274.83M-$167.99M-$184.75M-$134.21M-$81.21M-$53.62M
Financing cash flow-$240.32M-$237.98M-$238.85M-$365.31M-$83.49M-$79.26M-$76.10M-$77.02M-$110.31M-$113.65M
Dividends paid$241.56M$235.66M$140.09M$364.85M$135.33M$87.91M$85.59M$83.10M$113.81M$122.49M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY6.3%17.1%-11.0%44.0%19.9%-2.0%22.7%2.6%-2.3%2.7%
Net income growth, YoY16.6%13.5%-47.8%108.8%77.8%-18.0%198.6%-38.9%-8.6%-16.4%
EPS growth, YoY16.8%13.0%-48.0%108.5%76.6%-18.2%195.8%-39.4%-8.9%-17.0%
Net margin21.4%19.5%20.1%34.4%23.7%16.0%19.1%7.8%13.2%14.1%
Free cash flow margin32.3%31.4%30.3%14.4%31.9%26.2%26.9%25.8%23.6%19.4%
Return on equity22.7%22.7%21.5%49.6%22.7%13.8%19.3%8.0%12.3%14.0%
Return on assets6.5%6.1%5.9%12.2%6.2%4.0%5.4%2.1%3.6%4.1%
Debt to equity-0.070.070.170.160.13----

Source: XBRL data RLI Corp. files with the SEC, latest filing dated Oct 21, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 2-for-1, first reported Feb 27, 2014; 2-for-1, first reported Feb 21, 2025.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

RLI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
RLI$1.94B+4.6%$395.10M20.3%$6.23B
CB$61.85B+5.7%$11.23B18.2%$138.87B
PGR$91.73B+7.7%$11.62B12.7%$131.82B
TRV$48.92B+1.1%$8.33B17.0%$80.99B
ALL$70.23B+5.1%$11.61B16.5%$62.80B
AIG$27.73B+1.2%$3.29B11.9%$41.28B
HIG$29.87B+9.2%$4.61B15.4%$36.06B
ACGL$18.78B-3.9%$4.38B23.3%$35.20B
CINF$13.28B+9.9%$2.66B20.1%$28.58B

RLI FAQ

8 questions
  • What is RLI revenue?
    RLI Corp. (RLI) reported $1.94B of revenue for the twelve months ended Sep 30, 2026. That is up 4.6% from the year before. Revenue for fiscal 2025 was $1.88B.
  • Is RLI profitable?
    Yes. RLI Corp. earned $395.10M in net income for the twelve months ended Sep 30, 2026, a net margin of 20.3%.
  • How much cash and debt does RLI have?
    RLI Corp. reported $46.21M in cash and cash equivalents and $297.00M of debt on its most recent balance sheet in SEC filings.
  • How fast is RLI revenue growing?
    RLI Corp.'s revenue changed +6.3% in fiscal 2025, to $1.88B. Its compound annual growth rate was +13.9% over 5 years and +9.0% over 10 years.
  • What is RLI free cash flow?
    RLI Corp. generated $531.54M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $539.48M less capital expenditures.
  • What is RLI earnings per share?
    Diluted earnings per share were $4.30 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did RLI last report financial results?
    The latest statements here come from RLI Corp.'s 10-Q filed on Oct 21, 2026, covering the period ended Sep 30, 2026.
  • Where does this RLI financial data come from?
    Quantisnow builds these statements from the structured XBRL data RLI Corp. files with the SEC. It is provided for information only and is not investment advice.