RLINYSEFire, Marine & Casualty InsuranceFiscal year ends December 31
RLI CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 21, 2026
$61.20+0.13 (+0.21%)
Close on Oct 19, 2026
- Market cap
- $5.64B
- P/E (TTM)
- 12.9
- Dividend yield
- 4.30%
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
21.4%+5.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +6.3% | +3.5% | +13.9% | +9.0% | |
| Net income | +16.6% | -11.6% | +20.8% | – | |
| EPS, diluted | +16.8% | -11.8% | +20.4% | +10.8% | |
| Free cash flow | +9.6% | +35.5% | +18.8% | +15.6% | |
| Dividend per share | +2.3% | -13.2% | +22.0% | +6.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 14.0% | 14.7% | 24.4% | |
| Return on assets | 4.2% | 4.2% | 6.8% | |
| Debt to equity | 0.18 | 0.13 | – | |
| Capex to revenue | 2.0% | 0.6% | 0.3% | |
| Diluted shares | 89M | 91M | 92M |
Where the cash went
Fiscal 2021 to 2025, five years combined
RLI generated $2.27B from operations and spent $1.15B on capital expenditure, dividends and share buybacks. 3% of that went back into the business.
Generated
$2.27B
Used
$1.15B
Capital expenditure$30.35M3%Dividends$1.12B97%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin21.4%
×Asset turnover0.32×
×Equity multiplier3.57×
=Return on equity, FY202524.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 21.4% | 0.32× | 3.57× | 24.4% |
| FY2024 | 19.5% | 0.33× | 3.68× | 23.6% |
| FY2023 | 20.1% | 0.30× | 3.84× | 23.5% |
| FY2022 | 34.4% | 0.37× | 3.85× | 48.5% |
| FY2021 | 23.7% | 0.28× | 3.57× | 23.6% |
| FY2020 | 16.0% | 0.26× | 3.51× | 14.7% |
| FY2019 | 19.1% | 0.30× | 3.69× | 21.3% |
| FY2018 | 7.8% | 0.27× | 3.65× | 7.7% |
| FY2017 | 13.2% | 0.28× | 3.41× | 12.5% |
| FY2016 | 14.1% | 0.30× | 3.35× | 14.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$403.34M
- Cash generatingOperating cash flow above zero$614.22M
- Return on assets improvedROA up on the prior year6.7% → 7.2%
- Earnings backed by cashOperating cash flow above net income$614.22M vs $403.34M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise92M → 92M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.34 → 0.33