RLI CORP

For the period ended Dec 31, 2025. Filed Feb 20, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 20, 2026

RLI$68.87+1.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Earnings and Comprehensive Earnings


· · · Years ended December 31,
(in thousands, except per share data) · 2025 · 2024 · 2023
Net premiums earned	$1,614,346	$1,526,406	$1,294,306
Net investment income	159,739	142,278	120,383
Net realized gains	65,116	19,966	32,518
Net unrealized gains on equity securities	43,247	81,734	64,787
Consolidated revenue	$1,882,448	$1,770,384	$1,511,994
Losses and settlement expenses	725,955	739,253	604,413
Policy acquisition costs	508,387	464,040	418,325
Insurance operating expenses	115,815	112,460	98,383
Interest expense on debt	5,358	6,331	7,301
General corporate expenses	17,028	15,880	15,917
Total expenses	$1,372,543	$1,337,964	$1,144,339
Equity in earnings of unconsolidated investees	(3,924)	(4,869)	9,610
Earnings before income taxes	$505,981	$427,551	$377,265
Income tax expense:
Current	90,017	71,720	64,944
Deferred	12,627	10,052	7,710
Income tax expense	$102,644	$81,772	$72,654
Net earnings	$403,337	$345,779	$304,611

Other comprehensive earnings (loss), net of tax	85,649	(7,420)	62,773
Comprehensive earnings	$488,986	$338,359	$367,384

Basic net earnings per share	$4.39	$3.78	$3.34
Diluted net earnings per share	$4.37	$3.74	$3.31

Weighted average number of common shares outstanding:
Basic	91,829	91,529	91,191
Diluted	92,391	92,451	92,155

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.