What is RLI's earnings per share (EPS)?

RLI (RLI) reported diluted earnings per share of $4.37 for fiscal year 2025. This represents a 16.8% 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.

RLI Financials

RLI

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows RLI (RLI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).

Financial Health Signals

Financial Profile 64/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

RLI's revenue grew 6.3% year-over-year to $1.9B, a solid pace of expansion. This earns a growth score of 44/100.

Leverage

RLI has a moderate D/E ratio of 2.46. This balance of debt and equity financing earns a leverage score of 52/100.

Cash Flow

100

RLI converts 32.3% of revenue into free cash flow ($608.7M). This strong cash generation earns a score of 100/100.

Returns

RLI's ROE of 22.7% shows moderate profitability relative to equity, earning a score of 62/100. This is up from 22.7% the prior year.

Piotroski F-Score Neutral

5/9

RLI passes 5 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.52x

For every $1 of reported earnings, RLI generates $1.52 in operating cash flow ($614.2M OCF vs $403.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.9B

YoY+6.3%

5Y CAGR+13.9%

10Y CAGR+9.0%

RLI generated $1.9B in revenue in fiscal year 2025. This represents an increase of 6.3% from the prior year.

EBITDA

N/A

Net Income

$403.3M

YoY+16.6%

5Y CAGR+20.8%

10Y CAGR+11.4%

RLI reported $403.3M in net income in fiscal year 2025. This represents an increase of 16.6% from the prior year.

EPS (Diluted)

$4.37

YoY+16.8%

5Y CAGR+4.8%

10Y CAGR+3.4%

RLI earned $4.37 per diluted share (EPS) in fiscal year 2025. This represents an increase of 16.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$608.7M

YoY+9.6%

5Y CAGR+18.8%

10Y CAGR+15.6%

RLI generated $608.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 9.6% from the prior year.

Cash & Debt

$51.6M

YoY+29.6%

5Y CAGR-3.7%

10Y CAGR+16.6%

RLI held $51.6M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$2.63

YoY+2.3%

5Y CAGR+6.2%

10Y CAGR-0.4%

RLI paid $2.63 per share in dividends in fiscal year 2025. This represents an increase of 2.3% from the prior year.

Shares Outstanding

92M

YoY+0.2%

5Y CAGR+15.3%

10Y CAGR+7.7%

RLI had 92M shares outstanding in fiscal year 2025. This represents an increase of 0.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

21.4%

YoY+1.9pp

5Y CAGR+5.5pp

10Y CAGR+4.1pp

RLI's net profit margin was 21.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.9 percentage points from the prior year.

Return on Equity

22.7%

YoY-0.0pp

5Y CAGR+8.8pp

10Y CAGR+6.0pp

RLI's ROE was 22.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$5.5M

YoY+17.3%

5Y CAGR-0.9%

10Y CAGR-5.8%

RLI invested $5.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 17.3% from the prior year.

RLI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.9B+6.3%	$1.8B+17.1%	$1.5B-11.0%	$1.7B+44.0%	$1.2B+19.9%	$983.6M
Cost of Revenue	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
R&D Expenses	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
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$5.4M-15.4%	$6.3M-13.3%	$7.3M-9.3%	$8.0M+4.8%	$7.7M+1.0%	$7.6M
Income Tax	$102.6M+25.5%	$81.8M+12.5%	$72.7M-47.1%	$137.3M+111.3%	$65.0M+98.4%	$32.8M
Net Income	$403.3M+16.6%	$345.8M+13.5%	$304.6M-47.8%	$583.4M+108.8%	$279.4M+77.8%	$157.1M
EPS (Diluted)	$4.37+16.8%	$3.74+13.0%	$3.31-48.0%	$6.37+4.3%	$6.11+76.6%	$3.46

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$465.7M-8.6%	$509.3M+1.9%	$499.8M+22.6%	$407.7M-7.2%	$439.1M-6.6%	$470.0M+12.9%	$416.4M-6.4%	$444.8M
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	$1.3M-4.0%	$1.4M+1.0%	$1.4M+1.1%	$1.3M-10.5%	$1.5M-7.7%	$1.6M+0.8%	$1.6M-0.9%	$1.6M
Income Tax	$22.4M-31.3%	$32.6M+1.4%	$32.2M+108.7%	$15.4M+134.6%	$6.6M-69.9%	$21.8M+2.3%	$21.3M-33.6%	$32.1M
Net Income	$91.2M-26.8%	$124.6M+0.2%	$124.3M+96.7%	$63.2M+54.7%	$40.9M-57.0%	$95.0M+15.9%	$82.0M-35.9%	$127.9M
EPS (Diluted)	N/A	$1.35+0.7%	$1.34+97.1%	$0.68	N/A	$1.03+15.7%	$0.89-36.0%	$1.39

RLI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$6.2B+9.5%	$5.6B+8.7%	$5.2B+8.7%	$4.8B+5.7%	$4.5B+14.5%	$3.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$51.6M+29.6%	$39.8M+9.2%	$36.4M+59.6%	$22.8M-74.3%	$88.8M+42.7%	$62.2M
Inventory	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
Goodwill	$46.1M0.0%	$46.1M0.0%	$46.1M0.0%	$46.1M0.0%	$46.1M0.0%	$46.1M
Total Liabilities	$4.4B+6.7%	$4.1B+9.0%	$3.8B+4.9%	$3.6B+9.5%	$3.3B+17.0%	$2.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	$100.0M0.0%	$100.0M-50.0%	$199.9M+0.1%	$199.7M+33.6%	$149.5M
Total Equity	$1.8B+16.8%	$1.5B+7.7%	$1.4B+20.1%	$1.2B-4.2%	$1.2B+8.2%	$1.1B
Retained Earnings	$1.9B+9.4%	$1.7B+6.8%	$1.6B+11.3%	$1.4B+17.8%	$1.2B+13.3%	$1.1B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$6.2B-1.4%	$6.2B+4.3%	$6.0B+4.6%	$5.7B+1.8%	$5.6B-2.8%	$5.8B+5.1%	$5.5B+3.2%	$5.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$51.6M-2.0%	$52.6M+145.7%	$21.4M-20.9%	$27.1M-32.0%	$39.8M-34.4%	$60.6M+21.2%	$50.0M+12.3%	$44.6M
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+0.2%	$4.4B+2.7%	$4.3B+3.2%	$4.1B+0.4%	$4.1B+1.6%	$4.0B+3.0%	$3.9B+2.9%	$3.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	$100.0M0.0%	$100.0M0.0%	$100.0M0.0%	$100.0M0.0%	$100.0M0.0%	$100.0M0.0%	$100.0M
Total Equity	$1.8B-5.1%	$1.9B+8.0%	$1.7B+8.1%	$1.6B+5.4%	$1.5B-12.9%	$1.7B+10.3%	$1.6B+4.2%	$1.5B
Retained Earnings	$1.9B-5.4%	$2.0B+5.9%	$1.9B+6.2%	$1.8B+2.9%	$1.7B-8.3%	$1.9B+4.6%	$1.8B+4.0%	$1.7B

RLI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$614.2M+9.6%	$560.2M+20.7%	$464.3M+85.4%	$250.4M-34.9%	$384.9M+46.2%	$263.3M
Capital Expenditures	$5.5M+17.3%	$4.7M-20.3%	$5.9M+0.4%	$5.9M-29.1%	$8.3M+44.1%	$5.8M
Free Cash Flow	$608.7M+9.6%	$555.5M+21.2%	$458.3M+87.4%	$244.6M-35.1%	$376.6M+46.3%	$257.5M
Investing Cash Flow	-$362.1M-13.6%	-$318.9M-50.6%	-$211.8M-533.3%	$48.9M+117.8%	-$274.8M-63.6%	-$168.0M
Financing Cash Flow	-$240.3M-1.0%	-$238.0M+0.4%	-$238.8M+34.6%	-$365.3M-337.5%	-$83.5M-5.3%	-$79.3M
Dividends Paid	$241.6M+2.5%	$235.7M+68.2%	$140.1M-61.6%	$364.8M+169.6%	$135.3M+53.9%	$87.9M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$156.8M-12.5%	$179.2M+2.6%	$174.7M+68.8%	$103.5M-19.2%	$128.1M-41.6%	$219.4M+54.7%	$141.8M+99.9%	$70.9M
Capital Expenditures	$1.8M+29.7%	$1.4M+5.6%	$1.3M+23.9%	$1.1M+101.3%	$523K+50.7%	$347K-87.4%	$2.8M+152.6%	$1.1M
Free Cash Flow	$155.0M-12.9%	$177.8M+2.6%	$173.4M+69.2%	$102.5M-19.7%	$127.6M-41.8%	$219.0M+57.5%	$139.1M+99.1%	$69.9M
Investing Cash Flow	$40.4M+130.3%	-$133.4M+19.5%	-$165.7M-60.2%	-$103.4M-294.3%	$53.2M+127.3%	-$195.1M-57.4%	-$123.9M-133.6%	-$53.1M
Financing Cash Flow	-$198.2M-1259.8%	-$14.6M+0.8%	-$14.7M-14.5%	-$12.8M+93.7%	-$202.1M-1377.1%	-$13.7M-10.3%	-$12.4M-27.3%	-$9.7M
Dividends Paid	$198.4M+1250.4%	$14.7M0.0%	$14.7M+6.8%	$13.8M-93.0%	$196.8M+1382.0%	$13.3M+0.1%	$13.3M+7.5%	$12.3M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

RLI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	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
Net Margin	21.4%+1.9pp	19.5%-0.6pp	20.2%-14.2pp	34.4%+10.7pp	23.7%+7.7pp	16.0%
Return on Equity	22.7%-0.0pp	22.7%+1.2pp	21.6%-28.0pp	49.5%+26.8pp	22.7%+8.9pp	13.8%
Return on Assets	6.6%+0.4pp	6.1%+0.3pp	5.9%-6.4pp	12.2%+6.0pp	6.2%+2.2pp	4.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.46+2.4	0.070.0	0.07-0.1	0.170.0	0.16+0.0	0.13
FCF Margin	32.3%+1.0pp	31.4%+1.1pp	30.3%+15.9pp	14.4%-17.5pp	31.9%+5.8pp	26.2%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
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	19.6%-4.9pp	24.5%-0.4pp	24.9%+9.4pp	15.5%+6.2pp	9.3%-10.9pp	20.2%+0.5pp	19.7%-9.1pp	28.7%
Return on Equity	5.1%-1.5pp	6.7%-0.5pp	7.2%+3.2pp	3.9%+1.3pp	2.7%-2.8pp	5.4%+0.3pp	5.2%-3.2pp	8.4%
Return on Assets	1.5%-0.5pp	2.0%-0.1pp	2.1%+1.0pp	1.1%+0.4pp	0.7%-0.9pp	1.6%+0.2pp	1.5%-0.9pp	2.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.46+2.4	0.050.0	0.060.0	0.060.0	0.070.0	0.060.0	0.060.0	0.07
FCF Margin	33.3%-1.6pp	34.9%+0.2pp	34.7%+9.6pp	25.1%-3.9pp	29.0%-17.6pp	46.6%+13.2pp	33.4%+17.7pp	15.7%

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Frequently Asked Questions

What is RLI's annual revenue?

RLI (RLI) reported $1.9B in total revenue for fiscal year 2025. This represents a 6.3% 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 6.3% year-over-year, from $1.8B to $1.9B in fiscal year 2025.

Is RLI profitable?

Yes, RLI (RLI) reported a net income of $403.3M in fiscal year 2025, with a net profit margin of 21.4%.

What is RLI's net profit margin?

RLI (RLI) had a net profit margin of 21.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does RLI pay dividends?

Yes, RLI (RLI) paid $2.63 per share in dividends during fiscal year 2025.

What is RLI's return on equity (ROE)?

RLI (RLI) has a return on equity of 22.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is RLI's free cash flow?

RLI (RLI) generated $608.7M in free cash flow during fiscal year 2025. This represents a 9.6% 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 $614.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are RLI's total assets?

RLI (RLI) had $6.2B in total assets as of fiscal year 2025, including both current and long-term assets.

What are RLI's capital expenditures?

RLI (RLI) invested $5.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does RLI have outstanding?

RLI (RLI) had 92M shares outstanding as of fiscal year 2025.

What is RLI's debt-to-equity ratio?

RLI (RLI) had a debt-to-equity ratio of 2.46 as of fiscal year 2025, 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 6.6% for fiscal year 2025, 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 5 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 1.52x, 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 64 out of 100 on our Financial Profile, indicating moderate 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.