RLI CORP

For the period ended Dec 31, 2024. Filed Feb 21, 2025.

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.

FY2024 · Filed Feb 21, 2025

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) · 2024 · 2023 · 2022
Net premiums earned	$1,526,406	$1,294,306	$1,144,436
Net investment income	142,278	120,383	86,078
Net realized gains	19,966	32,518	588,515
Net unrealized gains (losses) on equity securities	81,734	64,787	(121,037)
Consolidated revenue	$1,770,384	$1,511,994	$1,697,992
Losses and settlement expenses	739,253	604,413	514,376
Policy acquisition costs	464,040	418,325	369,632
Insurance operating expenses	112,460	98,383	82,212
Interest expense on debt	6,331	7,301	8,047
General corporate expenses	15,880	15,917	12,900
Total expenses	$1,337,964	$1,144,339	$987,167
Equity in earnings of unconsolidated investees	(4,869)	9,610	9,853
Earnings before income taxes	$427,551	$377,265	$720,678
Income tax expense (benefit):
Current	71,720	64,944	186,906
Deferred	10,052	7,710	(49,639)
Income tax expense	$81,772	$72,654	$137,267
Net earnings	$345,779	$304,611	$583,411

Other comprehensive earnings (loss), net of tax	(7,420)	62,773	(278,902)
Comprehensive earnings	$338,359	$367,384	$304,509

Basic net earnings per share	$3.78	$3.34	$6.43
Diluted net earnings per share	$3.74	$3.31	$6.37

Weighted average number of common shares outstanding:
Basic	91,529	91,191	90,735
Diluted	92,451	92,155	91,589

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.