Here are the 10-K annual reports from RLI Corp. (RLI) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow RLI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RLI filings page.
RLI Corp. reports solid 2025 operating performance as a specialty property, casualty and surety insurer with a strong focus on disciplined underwriting and reinsurance protection. Net premiums earned reached $1.61 billion, up from $1.53 billion in 2024, reflecting growth across casualty, property and surety segments.
The 2025 combined ratio was 83.6%, indicating underwriting profit and comparing favorably with the reported U.S. P&C industry combined ratio of 92.6%. Casualty products generated 60% of net premiums earned, property 31% and surety 9%, with notable growth in commercial excess and personal umbrella.
Financial strength remains a key pillar: policyholders’ surplus was $1.85 billion and the statutory net premiums written to surplus ratio was 0.88 to 1, well below common regulatory thresholds. AM Best affirmed an A+ (Superior) rating for the main insurance group, while Standard & Poor’s and Moody’s maintained A and A2 ratings.
RLI details extensive use of treaty and catastrophe reinsurance, including U.S. hurricane and earthquake cover, and models large-event losses relative to surplus. The company highlights robust risk management, strong capital relative to risk-based capital requirements and an equity-oriented ownership culture supported by an ESOP and long‑term incentives.