RLI Corp. (RLI) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments507423423174763
Cash and cash equivalents46302418113139
Short-term investments4611210561623
Total current assets:507423423174763
Noncurrent Assets
Operating lease, right-of-use asset22
Property, plant and equipment53555655474340
Long-term investments and receivables104959072716050
Long-term investments104959072716050
Intangible assets, net (including goodwill), including:54555964717375
Goodwill4646505158  
Intangible assets, net (excluding goodwill)88101313  
Other undisclosed intangible assets, net (including goodwill)     7375
Total noncurrent assets:233204205191189175165
Other undisclosed assets2,8052,8592,7082,5632,5302,5532,513
TOTAL ASSETS:3,5463,1052,9472,7782,7372,7762,740
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation149149149149150150 
Long-term debt, excluding current maturities149149149149150150 
Liabilities, other than long-term debt6573    
Deferred income tax liabilities57
Qualified affordable housing project investments, commitment973  
Total noncurrent liabilities:215157152149150150 
Other undisclosed liabilities2,3362,1421,9421,8051,7631,7811,911
Total liabilities:2,5502,2982,0941,9541,9131,9301,911
Stockholders' equity
Stockholders' equity attributable to parent, including:995807854824823845829
Common stock116767666666
Treasury stock, value(401)(401)(402)(404)(404)(407)(405)
Additional paid in capital321306233230221214209
Accumulated other comprehensive income (loss)52(15)158123124171136
Retained earnings1,014908789797805787811
Other undisclosed stockholders' equity attributable to parent88911111412
Total stockholders' equity:995807854824823845829
TOTAL LIABILITIES AND EQUITY:3,5463,1052,9472,7782,7372,7762,740

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues1,004818797816795775706
Premiums earned, net839791
Underwriting income     107107
Financial services revenue   687631
Cost of revenue(168)(159)(147)(141)(135)(426)116
Deferred policy acquisition costs, amortization expense(168)(159)(147)(141)(135)(129)115
Financial services costs   (297) 
Gross profit:835659651675659349821
Operating expenses(69)(54)(57)(53)(51)(54)(54)
Operating income:766605594622608295768
Nonoperating income (expense)
(Investment Income, Nonoperating)
     82(5)
Interest and debt expense(8)(7)(7)(7)(7)(7)(8)
Income from continuing operations before equity method investments, income taxes:758598586614600369755
Income from equity method investments21161711111211
Other undisclosed loss from continuing operations before income taxes(546)(546)(519)(468)(414)(192)(590)
Income from continuing operations before income taxes:2336885157197189176
Income tax expense (benefit)(41)(3)20(42)(59)(54)(49)
Net income available to common stockholders, diluted:19264105115138135126

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:19264105115138135126
Other comprehensive income (loss)(18)9(19)125(19) 
Comprehensive income:1747386116163116126
Other undisclosed comprehensive income (loss), net of tax, attributable to parent85(43)54(2)(73)54(7)
Comprehensive income, net of tax, attributable to parent:2593014011490171119

Statements sources

The financial statements are based on the company's filings with the 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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