RLI Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
RLI's revenue surged 17.1% year-over-year to $1.8B, reflecting rapid business expansion. This strong growth earns a score of 77/100.
RLI carries a low D/E ratio of 0.07, meaning only $0.07 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
RLI converts 31.4% of revenue into free cash flow ($555.5M). This strong cash generation earns a score of 100/100.
RLI earns a strong 22.7% return on equity (ROE), meaning it generates $23 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 91/100. This is up from 21.6% the prior year.
RLI passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, RLI generates $1.62 in operating cash flow ($560.2M OCF vs $345.8M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows RLI (RLI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
RLI generated $1.8B in revenue in fiscal year 2024. This represents an increase of 17.1% from the prior year.
RLI generated $555.5M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 21.2% from the prior year.
RLI reported $345.8M in net income in fiscal year 2024. This represents an increase of 13.5% from the prior year.
RLI earned $3.74 per diluted share (EPS) in fiscal year 2024. This represents an increase of 13.0% from the prior year.
RLI held $39.8M in cash against $100.0M in long-term debt as of fiscal year 2024.
RLI paid $2.57 per share in dividends in fiscal year 2024. This represents an increase of 66.9% from the prior year.
RLI had 92M shares outstanding in fiscal year 2024. This represents an increase of 101.0% from the prior year.
RLI's net profit margin was 19.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.6 percentage points from the prior year.
RLI's ROE was 22.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the prior year.
RLI invested $4.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 20.3% from the prior year.
RLI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $509.3M+1.9% | $499.8M+22.6% | $407.7M-7.2% | $439.1M+5.4% | $416.4M-6.4% | $444.8M+2.6% | $433.5M+30.7% | $331.7M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $1.4M+1.0% | $1.4M+1.1% | $1.3M-10.5% | $1.5M-7.0% | $1.6M-0.9% | $1.6M+17.8% | $1.4M-26.7% | $1.9M |
| Income Tax | $32.6M+1.4% | $32.2M+108.7% | $15.4M+134.6% | $6.6M-69.2% | $21.3M-33.6% | $32.1M+11.4% | $28.8M+1842.8% | $1.5M |
| Net Income | $124.6M+0.2% | $124.3M+96.7% | $63.2M+54.7% | $40.9M-50.2% | $82.0M-35.9% | $127.9M+11.6% | $114.6M+746.7% | $13.5M |
| EPS (Diluted) | $1.35+0.7% | $1.34+97.1% | $0.68+58.1% | $0.43-51.7% | $0.89-36.0% | $1.39+269.5% | $-0.82-382.8% | $0.29 |
RLI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $6.2B+4.3% | $6.0B+4.6% | $5.7B+1.8% | $5.6B+2.1% | $5.5B+3.2% | $5.3B+3.1% | $5.2B+1.9% | $5.1B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $52.6M+145.7% | $21.4M-20.9% | $27.1M-32.0% | $39.8M-20.5% | $50.0M+12.3% | $44.6M+22.3% | $36.4M+97.5% | $18.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $46.1M0.0% | $46.1M0.0% | $46.1M0.0% | $46.1M0.0% | $46.1M0.0% | $46.1M0.0% | $46.1M0.0% | $46.1M |
| Total Liabilities | $4.4B+2.7% | $4.3B+3.2% | $4.1B+0.4% | $4.1B+4.6% | $3.9B+2.9% | $3.8B+1.4% | $3.8B-0.5% | $3.8B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $100.0M0.0% | $100.0M0.0% | $100.0M0.0% | $100.0M0.0% | $100.0M0.0% | $100.0M0.0% | $100.0M0.0% | $100.0M |
| Total Equity | $1.9B+8.0% | $1.7B+8.1% | $1.6B+5.4% | $1.5B-4.0% | $1.6B+4.2% | $1.5B+7.6% | $1.4B+8.8% | $1.3B |
| Retained Earnings | $2.0B+5.9% | $1.9B+6.2% | $1.8B+2.9% | $1.7B-4.1% | $1.8B+4.0% | $1.7B+7.2% | $1.6B+0.7% | $1.6B |
RLI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $179.2M+2.6% | $174.7M+68.8% | $103.5M-19.2% | $128.1M-9.7% | $141.8M+99.9% | $70.9M-41.9% | $122.1M+23.8% | $98.6M |
| Capital Expenditures | $1.4M+5.6% | $1.3M+23.9% | $1.1M+101.3% | $523K-81.0% | $2.8M+152.6% | $1.1M+135.7% | $462K-82.6% | $2.7M |
| Free Cash Flow | $177.8M+2.6% | $173.4M+69.2% | $102.5M-19.7% | $127.6M-8.3% | $139.1M+99.1% | $69.9M-42.6% | $121.6M+26.8% | $95.9M |
| Investing Cash Flow | -$133.4M+19.5% | -$165.7M-60.2% | -$103.4M-294.3% | $53.2M+142.9% | -$123.9M-133.6% | -$53.1M-15980.0% | -$330K-102.3% | $14.6M |
| Financing Cash Flow | -$14.6M+0.8% | -$14.7M-14.5% | -$12.8M+93.7% | -$202.1M-1529.3% | -$12.4M-27.3% | -$9.7M+90.6% | -$103.8M+6.9% | -$111.5M |
| Dividends Paid | $14.7M0.0% | $14.7M+6.8% | $13.8M-93.0% | $196.8M+1383.2% | $13.3M+7.5% | $12.3M-88.1% | $103.6M+741.1% | $12.3M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
RLI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 24.5%-0.4pp | 24.9%+9.4pp | 15.5%+6.2pp | 9.3%-10.4pp | 19.7%-9.1pp | 28.7%+2.3pp | 26.4%+22.4pp | 4.1% |
| Return on Equity | 6.7%-0.5pp | 7.2%+3.2pp | 3.9%+1.3pp | 2.7%-2.5pp | 5.2%-3.2pp | 8.4%+0.3pp | 8.1%+7.1pp | 1.0% |
| Return on Assets | 2.0%-0.1pp | 2.1%+1.0pp | 1.1%+0.4pp | 0.7%-0.8pp | 1.5%-0.9pp | 2.4%+0.2pp | 2.2%+1.9pp | 0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.050.0 | 0.060.0 | 0.060.0 | 0.070.0 | 0.060.0 | 0.070.0 | 0.070.0 | 0.08 |
| FCF Margin | 34.9%+0.2pp | 34.7%+9.6pp | 25.1%-3.9pp | 29.0%-4.4pp | 33.4%+17.7pp | 15.7%-12.4pp | 28.1%-0.9pp | 28.9% |
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Frequently Asked Questions
What is RLI's annual revenue?
RLI (RLI) reported $1.8B in total revenue for fiscal year 2024. This represents a 17.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is RLI's revenue growing?
RLI (RLI) revenue grew by 17.1% year-over-year, from $1.5B to $1.8B in fiscal year 2024.
Is RLI profitable?
Yes, RLI (RLI) reported a net income of $345.8M in fiscal year 2024, with a net profit margin of 19.5%.
What is RLI's earnings per share (EPS)?
RLI (RLI) reported diluted earnings per share of $3.74 for fiscal year 2024. This represents a 13.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does RLI have?
As of fiscal year 2024, RLI (RLI) had $39.8M in cash and equivalents against $100.0M in long-term debt.
What is RLI's net profit margin?
RLI (RLI) had a net profit margin of 19.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does RLI pay dividends?
Yes, RLI (RLI) paid $2.57 per share in dividends during fiscal year 2024.
What is RLI's return on equity (ROE)?
RLI (RLI) has a return on equity of 22.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is RLI's free cash flow?
RLI (RLI) generated $555.5M in free cash flow during fiscal year 2024. This represents a 21.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is RLI's operating cash flow?
RLI (RLI) generated $560.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are RLI's total assets?
RLI (RLI) had $5.6B in total assets as of fiscal year 2024, including both current and long-term assets.
What are RLI's capital expenditures?
RLI (RLI) invested $4.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does RLI have outstanding?
RLI (RLI) had 92M shares outstanding as of fiscal year 2024.
What is RLI's debt-to-equity ratio?
RLI (RLI) had a debt-to-equity ratio of 0.07 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is RLI's return on assets (ROA)?
RLI (RLI) had a return on assets of 6.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is RLI's Piotroski F-Score?
RLI (RLI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are RLI's earnings high quality?
RLI (RLI) has an earnings quality ratio of 1.62x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is RLI?
RLI (RLI) scores 92 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.