MARKETS / NYSE / RLI

NYSE · FIRE, MARINE & CASUALTY INSURANCE · LARGE CAP

RLI Corp. RLI

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$1.9B

▲ 6.3% YoY

Net income

$403.3M

▲ 16.6% YoY

Free cash flow

$608.7M

▲ 9.6% YoY

In brief

What this company does

Its insurance operations consist of three segments: property, casualty and surety. Within the casualty segment, it offers professional liability coverages, including errors and omissions coverage for small to medium-sized design, technical, computer and other professionals. In the property segment, commercial property coverage includes fire, earthquake, wind and difference-in-conditions insurance for commercial and industrial risks such as office buildings, apartments, condominiums and industrial and mercantile structures. In the surety segment, transactional coverage consists mainly of small bonds for businesses and individuals, such as license and permit, notary and court bonds. RLI Corp. was founded in 1965.

Written from the business description in RLI CORP's annual report to the U.S. Securities and Exchange Commission, filed 20 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.9B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 1.9 · Net income 0.4

Compound annual growth

Revenue

+3.5%

+13.9%

+9.0%

+8.1%

Net income

−11.6%

+20.8%

Returned to shareholders

−12.8%

+22.4%

+7.3%

+1.4%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +13.9% a year over five years — but profit grew faster: net income at +20.8%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

21 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 26.9% · Net 21.4%

ROE

FY2025 · ROE 24.4%

Gross margin—

Operating margin26.9%

Net margin21.4%

Return on assets6.8%

EBITDAUSD 514.1M

Each USD of equity produced 24 cents of profit this year.

Cash & shareholders

USD 241.6M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 608.7

Net buybacks $M Dividends $M

FY2025 · Dividends 241.6 · Net buybacks —

Dividends paidUSD 241.6M

Net buybacks—

Share of profit59.9%

Consecutive raises2 years (since the 2023 share-count change)

USD 241.6M in dividends — 60% of the year's profit went back to shareholders.

Total assetsUSD 6.2B

EquityUSD 1.8B

CashUSD 51.6M

Gross debtUSD 100.0M

Net debtUSD 48.4M

Net debt stands at 3% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	1.9	1.8	1.5	1.7	1.2	1.0	1.0	0.8	0.8	0.8	0.8	0.8	0.7	0.7	0.6	0.6	0.5	0.6
Operating income $B	0.5	0.4	0.4	0.7	0.3	0.2	0.2	0.1	0.1	0.2	0.2	0.2	0.2	0.1	0.2	0.2	0.1	·
EBITDA $B	0.5	0.4	0.4	0.7	0.4	0.2	0.2	0.1	0.1	0.2	0.2	0.2	0.2	0.1	0.2	0.2	0.1	·
Income tax $B	0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.0	−0.0	0.0	0.1	0.1	0.0	0.0	0.1	0.1	0.0	0.0
Net income $B	0.4	0.3	0.3	0.6	0.3	0.2	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Free cash flow $B	0.6	0.6	0.5	0.2	0.4	0.3	0.3	0.2	0.2	0.2	0.1	0.1	0.1	0.0	0.1	0.1	0.1	0.2
EPS, diluted $	4.37	3.74	3.31	6.37	6.11	3.46	4.23	1.43	2.36	2.59	3.12	3.09	2.90	2.39	2.95	6.04	4.32	3.60
Dividend / sh $	2.63	2.57	1.54	4.02	2.99	1.95	1.91	1.87	2.58	2.79	2.75	3.71	2.17	3.13	3.10	8.15	1.08	0.99
Payout %	60	68	46	63	48	56	45	129	108	107	87	118	74	129	103	139	24	26
ROE %	24.4	23.6	23.5	48.5	23.6	14.7	21.3	7.7	12.5	14.0	16.5	16.2	15.5	13.0	16.2	16.1	12.4	11.1
Shares out B	0.09	0.09	0.09	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.02	0.02	·	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 53 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 4 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityFire, Marine & Casualty Insurance

Listed onNYSE

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2008