RLI Corp. (RLI) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments70358650742342317
Cash and cash equivalents89624630241811
Short-term investments614524461121056
Total current assets:70358650742342317
Noncurrent Assets
Operating lease, right-of-use asset151622
Property, plant and equipment52515355565547
Long-term investments and receivables17112810495907271
Long-term investments17112810495907271
Intangible assets, net (including goodwill)54545455596471
Goodwill46464646505158
Intangible assets, net (excluding goodwill)8888101313
Total noncurrent assets:292250233204205191189
Other undisclosed assets3,5143,1032,8052,8592,7082,5632,530
TOTAL ASSETS:4,5083,9383,5463,1052,9472,7782,737
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation200149149149149149150
Long-term debt, excluding current maturities200149149149149149150
Liabilities, other than long-term debt84806573  
Deferred income tax liabilities848057
Qualified affordable housing project investments, commitment  973  
Total noncurrent liabilities:283230215157152149150
Other undisclosed liabilities2,9962,5732,3362,1421,9421,8051,763
Total liabilities:3,2792,8032,5502,2982,0941,9541,913
Stockholders' equity
Stockholders' equity attributable to parent, including:1,2291,136995807854824823
Common stock1111676766
Treasury stock, value(403)(401)(401)(401)(402)(404)(404)
Additional paid in capital344335321306233230221
Accumulated other comprehensive income (loss)5010952(15)158123124
Retained earnings1,2281,0841,014908789797805
Other undisclosed stockholders' equity attributable to parent1088891111
Total stockholders' equity:1,2291,136995807854824823
TOTAL LIABILITIES AND EQUITY:4,5083,9383,5463,1052,9472,7782,737

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,1799841,004818797816795
Premiums earned, net981866839791
Cost of revenue
(Deferred Policy Acquisition Costs, Amortization Expense)
(190)(170)(168)(159)(147)(141)(135)
Gross profit:989813835659651675659
Operating expenses(77)(67)(69)(54)(57)(53)(51)
Operating income:912747766605594622608
Interest and debt expense(8)(8)(8)(7)(7)(7)(7)
Income from continuing operations before equity method investments, income taxes:904739758598586614600
Income from equity method investments37202116171111
Other undisclosed loss from continuing operations before income taxes(597)(569)(546)(546)(519)(468)(414)
Income from continuing operations before income taxes:3441902336885157197
Income tax expense (benefit)(65)(33)(41)(3)20(42)(59)
Net income available to common stockholders, diluted:27915719264105115138

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:27915719264105115138
Other comprehensive income (loss)16(15)(18)9(19)125
Comprehensive income:2951421747386116163
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(75)7185(43)54(2)(73)
Comprehensive income, net of tax, attributable to parent:2202132593014011490

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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