RLI Corp. (RLI) Financial Statements (2025 and earlier)

Company Profile

Business Address 9025 N. LINDBERGH DRIVE
PEORIA, IL 61615
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments761,388557,429702,580586,223506,83341,690
Cash and cash equivalents171,34759,04788,80462,21746,20330,140
Short-term investments590,041498,382613,776524,006460,63011,550
Total current assets:761,388557,429702,580586,223506,83341,690
Noncurrent Assets
Operating lease, right-of-use asset13,66612,76614,76516,20022,335
Property, plant and equipment46,71549,57352,16151,40653,12154,692
Long-term investments and receivables56,96658,275171,311128,382103,83694,967
Long-term investments56,96658,275171,311128,382103,83694,967
Intangible assets, net (including goodwill)53,56253,56253,56253,71954,12754,534
Goodwill46,06246,06246,06246,06246,06246,062
Intangible assets, net (excluding goodwill)7,5007,5007,5007,6578,0658,472
Deferred income tax assets 15,87240,269   
Total noncurrent assets:186,781214,445291,799249,707233,419204,193
Other undisclosed assets4,232,0523,995,1943,513,9233,102,5552,805,4692,859,182
TOTAL ASSETS:5,180,2214,767,0684,508,3023,938,4853,545,7213,105,065
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,757     
Accrued liabilities3,757     
Debt  199,863    
Total current liabilities:3,757199,863    
Noncurrent Liabilities
Long-term debt and lease obligation   199,700149,489149,302149,115
Long-term debt, excluding current maturities   199,700149,489149,302149,115
Liabilities, other than long-term debt  83,50980,23565,3277,400
Deferred income tax liabilities  83,50980,23556,727
Investment program, proportional amortization method, elected, commitment     8,6007,400
Total noncurrent liabilities:  283,209229,724214,629156,515
Other undisclosed liabilities3,762,9503,389,8642,995,7322,572,7832,335,7042,141,708
Total liabilities:3,766,7073,589,7273,278,9412,802,5072,550,3332,298,223
Equity
Equity, attributable to parent, including:1,413,5141,177,3411,229,3611,135,978995,388806,842
Common stock686684682681678674
Treasury stock, value(406,538)(405,014)(402,641)(401,291)(400,979)(401,353)
Additional paid in capital362,345352,391343,742335,365321,190305,660
Accumulated other comprehensive income (loss)(166,303)(229,076)49,826108,71452,473(14,572)
Retained earnings1,609,7851,446,3411,228,1101,084,2171,014,046908,079
Other undisclosed equity, attributable to parent13,53912,0159,6428,2927,9808,354
Total equity:1,413,5141,177,3411,229,3611,135,978995,388806,842
TOTAL LIABILITIES AND EQUITY:5,180,2214,767,0684,508,3023,938,4853,545,7213,105,065

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,511,9941,697,9921,179,245983,6261,003,591818,123
Premiums earned, net1,294,3061,144,436980,903865,747839,111791,366
Cost of revenue(275,895)(232,405)(190,437)(170,204)(168,309)(158,943)
Policyholder benefits and claims incurred, net      
Deferred policy acquisition costs, amortization expense (275,895)(232,405)(190,437)(170,204)(168,309)(158,943)
Other undisclosed gross profit      
Gross profit:1,236,0991,465,587988,808813,422835,282659,180
Operating expenses(98,383)(82,212)(76,907)(66,828)(69,430)(53,803)
Operating income:1,137,7161,383,375911,901746,594765,852605,377
Interest and debt expense(7,301)(8,047)(7,677)(7,603)(7,588)(7,437)
Income from continuing operations before equity method investments, income taxes:1,130,4151,375,328904,224738,991758,264597,940
Income from equity method investments9,6109,85337,06020,23320,96016,056
Other undisclosed loss from continuing operations before income taxes(762,760)(664,503)(596,963)(569,383)(546,490)(546,415)
Income from continuing operations before income taxes:377,265720,678344,321189,841232,73467,581
Income tax expense(72,654)(137,267)(64,967)(32,750)(41,092)(3,402)
Income from continuing operations:304,611583,411279,354157,091191,64264,179
Income before gain (loss) on sale of properties:279,354157,091191,64264,179
Net income available to common stockholders, diluted:304,611583,411279,354157,091191,64264,179

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:304,611583,411279,354157,091191,64264,179
Other comprehensive income (loss)(17,000)74,10015,700(14,900)(17,800)9,000
Comprehensive income:287,611657,511295,054142,191173,84273,179
Other undisclosed comprehensive income (loss), net of tax, attributable to parent79,773(353,002)(74,588)71,11984,845(42,997)
Comprehensive income, net of tax, attributable to parent:367,384304,509220,466213,310258,68730,182

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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