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

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Contents

Consolidated Statements of Earnings and Comprehensive Earnings


· · · Years ended December 31,
(in thousands, except per share data) · 2023 · 2022 · 2021
Net premiums earned	$1,294,306	$1,144,436	$980,903
Net investment income	120,383	86,078	68,862
Net realized gains	32,518	588,515	64,222
Net unrealized gains (losses) on equity securities	64,787	(121,037)	65,258
Consolidated revenue	$1,511,994	$1,697,992	$1,179,245
Losses and settlement expenses	604,413	514,376	456,602
Policy acquisition costs	418,325	369,632	317,468
Insurance operating expenses	98,383	82,212	76,907
Interest expense on debt	7,301	8,047	7,677
General corporate expenses	15,917	12,900	13,330
Total expenses	$1,144,339	$987,167	$871,984
Equity in earnings of unconsolidated investees	9,610	9,853	37,060
Earnings before income taxes	$377,265	$720,678	$344,321
Income tax expense (benefit):
Current	64,944	186,906	46,040
Deferred	7,710	(49,639)	18,927
Income tax expense	$72,654	$137,267	$64,967
Net earnings	$304,611	$583,411	$279,354

Other comprehensive earnings (loss), net of tax	62,773	(278,902)	(58,888)
Comprehensive earnings	$367,384	$304,509	$220,466

Basic net earnings per share	$6.68	$12.86	$6.18
Diluted net earnings per share	$6.61	$12.74	$6.11

Weighted average number of common shares outstanding:
Basic	45,596	45,368	45,230
Diluted	46,077	45,794	45,712

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.