RLI CORP
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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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Consolidated Balance Sheets
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, | ||||||
| (in thousands, except per share data) | 2024 | 2023 | ||||
| ASSETS | | | | | | |
| Investments and cash: | | | | | | |
| Fixed income: | | | | | | |
| Available-for-sale, at fair value | | $3,175,796 | | $2,855,849 | ||
| (amortized cost of $3,391,159 and allowance for credit losses of $197 in 2024) | | | | | | |
| (amortized cost of $3,054,391 and allowance for credit losses of $306 in 2023) | | | | | | |
| Equity securities, at fair value (cost - $417,897 in 2024 and $354,022 in 2023) | | | 736,191 | | | 590,041 |
| Short-term investments, at cost which approximates fair value | | | 74,915 | | | 134,923 |
| Other invested assets | | | 57,939 | | | 59,081 |
| Cash | | | 39,790 | | | 36,424 |
| Total investments and cash | | $4,084,631 | | $3,676,318 | ||
| Accrued investment income | | | 28,319 | | | 24,062 |
| Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $22,932 in 2024 and $21,438 in 2023 | | | 230,534 | | | 221,206 |
| Ceded unearned premiums | | | 124,955 | | | 112,257 |
| Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $9,580 in 2024 and $10,608 in 2023 | | | 755,425 | | | 757,349 |
| Deferred policy acquisition costs | | | 166,214 | | | 146,566 |
| Property and equipment, at cost, net of accumulated depreciation of $76,330 in 2024 and $74,279 in 2023 | | | 43,172 | | | 46,715 |
| Investment in unconsolidated investees | | | 56,477 | | | 56,966 |
| Goodwill and intangibles | | | 53,562 | | | 53,562 |
| Income taxes - deferred | | | 7,793 | | | 15,872 |
| Other assets | | | 77,720 | | | 69,348 |
| TOTAL ASSETS | | $5,628,802 | | $5,180,221 | ||
| | | | | | | |
| LIABILITIES AND SHAREHOLDERS' EQUITY | | | | | | |
| LIABILITIES | | | | | | |
| Unpaid losses and settlement expenses | | $2,693,470 | | $2,446,025 | ||
| Unearned premiums | | | 984,140 | | | 892,326 |
| Reinsurance balances payable | | | 44,681 | | | 71,507 |
| Funds held | | | 97,380 | | | 101,446 |
| Income taxes - current | | | 749 | | | 3,757 |
| Short-term debt | | | 100,000 | | | 100,000 |
| Accrued expenses | | | 124,242 | | | 108,880 |
| Other liabilities | | | 62,173 | | | 42,766 |
| TOTAL LIABILITIES | | $4,106,835 | | $3,766,707 | ||
| | | | | | | |
| SHAREHOLDERS' EQUITY | | | | | | |
| Common stock ($0.01 par value) | | | | | | |
| (Shares authorized - 400,000,000) | | | | | | |
| (137,598,560 shares issued and 91,738,132 shares outstanding in 2024) | | | | | | |
| (137,140,522 shares issued and 91,280,094 shares outstanding in 2023) | | $1,376 | | $1,371 | ||
| Paid-in capital | | | 367,645 | | | 361,660 |
| Accumulated other comprehensive earnings | | | (173,723) | | | (166,303) |
| Retained earnings | | | 1,719,668 | | | 1,609,785 |
| Deferred compensation | | | 13,498 | | | 13,539 |
| Treasury stock, at cost (45,860,428 shares in 2024 and 2023) | | | (406,497) | | | (406,538) |
| TOTAL SHAREHOLDERS' EQUITY | | $1,521,967 | | $1,413,514 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | | $5,628,802 | | $5,180,221 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.