RLI CORP
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 15. Exhibits and Financial Statement Schedules
Item 15. (a)(1) Financial Statements
The following consolidated financial statements, notes thereto and related information of RLI Corp. are included in Item 8.
| | |
|---|---|
| | Page |
| Consolidated Balance Sheets | 54 |
| Consolidated Statements of Earnings and Comprehensive Earnings | 55 |
| Consolidated Statements of Shareholders’ Equity | 56 |
| Consolidated Statements of Cash Flows | 57 |
| Notes to Consolidated Financial Statements | 58 |
| Reports of Independent Registered Public Accounting Firms | 91 |
Item 15. (a)(2) Financial Statement Schedules
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|---|---|
| | Page |
| I. Summary of Investments - Other than Investments in Related Parties at December 31, 2025. | 97 |
| II. Condensed Financial Information of Registrant, as of and for the three years ended December 31, 2025. | 98-100 |
| III. Supplementary Insurance Information, as of and for the three years ended December 31, 2025. | 101-102 |
| IV. Reinsurance for the three years ended December 31, 2025. | 103 |
| V. Valuation and Qualifying Accounts for the three years ended December 31, 2025. | 104 |
| VI. Supplementary Information Concerning Property-Casualty Insurance Operations for the three years ended December 31, 2025. | 105 |
Schedules other than those listed are omitted for the reason that they are not required, are not applicable or that equivalent information has been included in the financial statements, and notes thereto, or elsewhere herein.
Item 15. (a) (3) Exhibits
The following is a list of the exhibits filed as part of this Form 10-K. The exhibit numbers followed by an asterisk (*) indicate exhibits that are management contracts or compensatory plans or arrangements.
| Exhibit | Incorporated by Reference | | Filed or Furnished | ||||
| Number | Description of Document | Form | Filing Date | | Herewith | ||
| | | | | | | | |
| 3.1 | | Amended and Restated Certificate of Incorporation | | 10-K | February 21, 2025 | | |
| | | | | | | | |
| 3.2 | | By-Laws | | 8-K | November 7, 2024 | | |
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| 4.1 | | Description of Securities | | | | | X |
| | | | | | | | |
| 10.1 | | RLI Corp. Nonqualified Agreement* | | 10-K | February 21, 2020 | | |
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| 10.2 | | RLI Corp. Nonemployee Directors’ Deferred Compensation Plan, as amended* | | 10-Q | July 26, 2023 | | |
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| 10.3 | | RLI Corp. Executive Deferred Compensation Plan, as amended* | | 10-Q | July 26, 2023 | | |
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| 10.4 | | RLI Corp. 2015 Long-Term Incentive Plan, as amended* | | 10-Q | July 24, 2020 | | |
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| 10.5 | | RLI Corp. 2023 Long-Term Incentive Plan, as amended* | | 10-Q | July 26, 2023 | | |
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| 10.6 | | RLI Corp. Annual Incentive Compensation Plan, as amended* | | 10-Q | July 24, 2020 | | |
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| 10.7 | | Management Incentive Program Guideline* | | 10-K | February 24, 2023 | | |
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| 10.8 | | RLI Underwriting Profit Program Guideline* | | 10-K | February 24, 2023 | | |
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| 10.9 | | Market Value Potential (MVP), Executive Incentive Program Guideline* | | 10-K | February 24, 2023 | | |
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| 10.10 | | RLI Corp. Director and Officer Indemnification Agreement | | 10-Q | October 24, 2018 | | |
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| 10.11 | | Advances, Collateral Pledge, and Security Agreement (Federal Home Loan Bank of Chicago) | | 8-K | September 26, 2014 | | |
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| 10.12 | | Credit Agreement (PNC Bank, National Association) | | 8-K | March 30, 2023 | | |
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| 19.1 | | Insider Trading Policy | | 10-K | February 21, 2025 | | |
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| 21.1 | | Subsidiaries of the Registrant | | | | | X |
| | | | | | | | |
| 23.1 | | Consent of Deloitte & Touche LLP | | | | | X |
| | | | | | | | |
| 31.1 | | Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | | | | | X |
| | | | | | | | |
| 31.2 | | Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | | | | | X |
| | | | | | | | |
| 32.1 | | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | | | | | X |
| | | | | | | | |
| 32.2 | | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | | | | | X |
| | | | | | | | |
| 97.1 | | RLI Corp. Policy on Recoupment of Incentive Compensation (Clawback Policy) | | 10-K | February 23, 2024 | | |
| | | | |||||
| Exhibit | Incorporated by Reference | | Filed or Furnished | ||||
| Number | Description of Document | Form | Filing Date | | Herewith | ||
| | | | | | | | |
| 101.INS | | Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document | | | | | X |
| | | | | | | | |
| 101.SCH | | Inline XBRL Taxonomy Extension Schema | | | | | X |
| | | | | | | | |
| 101.CAL | | Inline XBRL Taxonomy Extension Calculation Linkbase | | | | | X |
| | | | | | | | |
| 101.DEF | | Inline XBRL Taxonomy Definition Linkbase | | | | | X |
| | | | | | | | |
| 101.LAB | | Inline XBRL Taxonomy Extension Label Linkbase | | | | | X |
| | | | | | | | |
| 101.PRE | | Inline XBRL Taxonomy Extension Presentation Linkbase | | | | | X |
| | | | | | | | |
| 104 | | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) | | | | | X |
Item 15. (b)
The exhibits are listed in Item 15. (a)(3) above.
Item 15. (c)
The financial statement schedules are listed in Item 15. (a)(2) above.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.