RLI CORP

For the period ended Dec 31, 2023. Filed Feb 23, 2024.

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.

FY2023 · Filed Feb 23, 2024

RLI$67.95-0.6%Stored close · as of Nov 9, 2026

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

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Contents

Consolidated Balance Sheets


· · December 31,
(in thousands, except per share data)	2023		2022
ASSETS
Investments and cash:
Fixed income:
Available-for-sale, at fair value		$2,855,849		$2,666,950
(amortized cost of $3,054,391 and allowance for credit losses of $306 in 2023)
(amortized cost of $2,945,273 and allowance for credit losses of $339 in 2022)
Equity securities, at fair value (cost - $354,022 in 2023 and $328,019 in 2022)		590,041		498,382
Short-term investments, at cost which approximates fair value		134,923		36,229
Other invested assets		59,081		47,922
Cash		36,424		22,818
Total investments and cash		$3,676,318		$3,272,301
Accrued investment income		24,062		21,259
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $21,438 in 2023 and $18,696 in 2022		221,206		189,501
Ceded unearned premiums		112,257		138,457
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $10,608 in 2023 and $11,250 in 2022		757,349		740,089
Deferred policy acquisition costs		146,566		127,859
Property and equipment, at cost, net of accumulated depreciation of $74,279 in 2023 and $68,633 in 2022		46,715		49,573
Investment in unconsolidated investees		56,966		58,275
Goodwill and intangibles		53,562		53,562
Income taxes - deferred		15,872		40,269
Other assets		69,348		75,923
TOTAL ASSETS		$5,180,221		$4,767,068

LIABILITIES AND SHAREHOLDERS' EQUITY
LIABILITIES
Unpaid losses and settlement expenses		$2,446,025		$2,315,637
Unearned premiums		892,326		785,085
Reinsurance balances payable		71,507		61,100
Funds held		101,446		101,144
Income taxes - current		3,757		—
Debt		100,000		199,863
Accrued expenses		108,880		94,869
Other liabilities		42,766		32,029
TOTAL LIABILITIES		$3,766,707		$3,589,727

SHAREHOLDERS' EQUITY
Common stock ($0.01 par value)
(Shares authorized - 200,000,000)
(68,570,261 shares issued and 45,640,047 shares outstanding in 2023)
(68,399,966 shares issued and 45,469,752 shares outstanding in 2022)		$686		$684
Paid-in capital		362,345		352,391
Accumulated other comprehensive earnings		(166,303)		(229,076)
Retained earnings		1,609,785		1,446,341
Deferred compensation		13,539		12,015
Treasury stock, at cost (22,930,214 shares in 2023 and 2022)		(406,538)		(405,014)
TOTAL SHAREHOLDERS' EQUITY		$1,413,514		$1,177,341
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		$5,180,221		$4,767,068

ContentsView on SEC.gov

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