RLI Corp. (RLI) Financial Statements (2024 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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments557,429702,580586,223506,83341,69034,251
Cash and cash equivalents59,04788,80462,21746,20330,14024,271
Short-term investments498,382613,776524,006460,63011,5509,980
Total current assets:557,429702,580586,223506,83341,69034,251
Noncurrent Assets
Operating lease, right-of-use asset12,76614,76516,20022,335
Property, plant and equipment49,57352,16151,40653,12154,69255,849
Long-term investments and receivables58,275171,311128,382103,83694,96790,067
Long-term investments58,275171,311128,382103,83694,96790,067
Intangible assets, net (including goodwill)53,56253,56253,71954,12754,53459,302
Goodwill46,06246,06246,06246,06246,06249,657
Intangible assets, net (excluding goodwill)7,5007,5007,6578,0658,4729,645
Deferred income tax assets40,269   
Total noncurrent assets:214,445291,799249,707233,419204,193205,218
Other undisclosed assets3,995,1943,513,9233,102,5552,805,4692,859,1822,707,775
TOTAL ASSETS:4,767,0684,508,3023,938,4853,545,7213,105,0652,947,244
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      
Accrued liabilities      
Debt 199,863     
Total current liabilities:199,863     
Noncurrent Liabilities
Long-term debt and lease obligation  199,700149,489149,302149,115148,928
Long-term debt, excluding current maturities  199,700149,489149,302149,115148,928
Liabilities, other than long-term debt  83,50980,23565,3277,4003,100
Deferred income tax liabilities  83,50980,23556,727
Qualified affordable housing project investments, commitment    8,6007,4003,100
Total noncurrent liabilities:  283,209229,724214,629156,515152,028
Other undisclosed liabilities3,389,8642,995,7322,572,7832,335,7042,141,7081,941,618
Total liabilities:3,589,7273,278,9412,802,5072,550,3332,298,2232,093,646
Equity
Equity, attributable to parent, including:1,177,3411,229,3611,135,978995,388806,842853,598
Common stock68468268167867467,079
Treasury stock, value(405,014)(402,641)(401,291)(400,979)(401,353)(401,639)
Additional paid in capital352,391343,742335,365321,190305,660233,077
Accumulated other comprehensive income (loss)(229,076)49,826108,71452,473(14,572)157,919
Retained earnings1,446,3411,228,1101,084,2171,014,046908,079788,522
Other undisclosed equity, attributable to parent12,0159,6428,2927,9808,3548,640
Total equity:1,177,3411,229,3611,135,978995,388806,842853,598
TOTAL LIABILITIES AND EQUITY:4,767,0684,508,3023,938,4853,545,7213,105,0652,947,244

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,697,9921,179,245983,6261,003,591818,123797,224
Premiums earned, net1,144,436980,903865,747839,111791,366
Cost of revenue
(Deferred Policy Acquisition Costs, Amortization Expense)
 (232,405)(190,437)(170,204)(168,309)(158,943)(146,709)
Other undisclosed gross profit      
Gross profit:1,465,587988,808813,422835,282659,180650,515
Operating expenses(82,212)(76,907)(66,828)(69,430)(53,803)(56,994)
Operating income:1,383,375911,901746,594765,852605,377593,521
Interest and debt expense(8,047)(7,677)(7,603)(7,588)(7,437)(7,426)
Income from continuing operations before equity method investments, income taxes:1,375,328904,224738,991758,264597,940586,095
Income from equity method investments9,85337,06020,23320,96016,05617,224
Other undisclosed loss from continuing operations before income taxes(664,503)(596,963)(569,383)(546,490)(546,415)(518,730)
Income from continuing operations before income taxes:720,678344,321189,841232,73467,58184,589
Income tax expense (benefit)(137,267)(64,967)(32,750)(41,092)(3,402)20,439
Income from continuing operations:583,411279,354157,091191,64264,179105,028
Income before gain (loss) on sale of properties:279,354157,091191,64264,179105,028
Net income available to common stockholders, diluted:583,411279,354157,091191,64264,179105,028

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:583,411279,354157,091191,64264,179105,028
Other comprehensive income (loss)74,10015,700(14,900)(17,800)9,000(19,000)
Comprehensive income:657,511295,054142,191173,84273,17986,028
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(353,002)(74,588)71,11984,845(42,997)54,309
Comprehensive income, net of tax, attributable to parent:304,509220,466213,310258,68730,182140,337

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: