RLI CORP

For the period ended Mar 31, 2024. Filed Apr 24, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed Apr 24, 2024

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

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Contents

Item 1. Financial Statements

Condensed Consolidated Statements of Earnings and Comprehensive Earnings


· · For the Three Months
· · Ended March 31,
(in thousands, except per share data) · 2024 · 2023
Net premiums earned	$360,676	$307,723
Net investment income	32,847	27,084
Net realized gains	5,994	14,620
Net unrealized gains on equity securities	45,314	15,496
Consolidated revenue	$444,831	$364,923
Losses and settlement expenses	143,824	114,488
Policy acquisition costs	110,454	101,444
Insurance operating expenses	28,703	23,901
Interest expense on debt	1,618	2,008
General corporate expenses	5,010	4,214
Total expenses	$289,609	$246,055
Equity in earnings of unconsolidated investees	4,769	3,923
Earnings before income taxes	$159,991	$122,791
Income tax expense	32,091	23,980
Net earnings	$127,900	$98,811

Other comprehensive earnings (loss), net of tax	(12,671)	37,707
Comprehensive earnings	$115,229	$136,518

Basic net earnings per share	$2.80	$2.17
Diluted net earnings per share	$2.77	$2.15

Weighted average number of common shares outstanding:
Basic	45,684	45,530
Diluted	46,163	46,035

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.