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Companies / Financials / RLI Corp.
RLI

RLI Corp.

FinancialsProperty & Casualty Insurance
Ticker RLIPEORIA, ILFiscal year ends DecemberBook value per share $18.99Diluted shares 92.3M

RLI Corp. (NASDAQ: RLI) operates as a specialty insurance company providing select property, casualty, and surety products through its insurance subsidiaries. The company's website is located at http://www.rlicorp.com. Founded in 1965, RLI conducts operations through three primary insurance companies: RLI Insurance… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.88BFY2025
+6.3% year over year
Last 12 mo $1.97B
21.33%FY2025
+2.7 percentage points
$403.34MFY2025
+16.6% year over year
22.68%FY2025
No change, year over year
Last 12 mo 25.04%
Cash & financing
$614.22MFY2025
+9.6% year over year
Last 12 mo $524.04M
$608.70MFY2025
+9.6% year over year
Last 12 mo $517.02M
0.06FY2025
Was 0.07× a year earlier
Last 12 mo 0.17
92.4MFY2025
−0.1% year over year
Last 12 mo 92.3M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What RLI Corp. does

In the company’s own words

RLI Corp. (NASDAQ: RLI) operates as a specialty insurance company providing select property, casualty, and surety products through its insurance subsidiaries. The company's website is located at http://www.rlicorp.com. Founded in 1965, RLI conducts operations through three primary insurance companies: RLI Insurance Company, which serves as the principal subsidiary writing multiple lines of insurance on an admitted basis across all 50 states and U.S. territories; Mt. Hawley Insurance Company, which writes excess and surplus lines insurance on a non-admitted basis; and Contractors Bonding and Insurance Company, which provides multiple lines of admitted insurance. All three subsidiaries are domiciled in Illinois.

The company operates across three reportable segments. The casualty segment, representing 60 percent of net premiums earned, includes commercial excess and personal umbrella coverage, commercial transportation insurance, general liability, professional services liability, small commercial packages, executive products including directors and officers liability, and other casualty lines. The property segment comprises 31 percent of net premiums earned and includes commercial property coverage, marine insurance covering cargo and hull exposures, and specialized homeowners insurance. The surety segment accounts for 9 percent of net premiums earned and encompasses transactional bonds, commercial surety bonds, and contract bonds for construction projects.

RLI distributes its products through a diverse network of wholesale and retail brokers, independent agents, carrier partners, underwriting agents, and direct digital platforms. The company specializes in underwriting risks that do not fit standard market criteria, competing on availability, coverage, service, and value rather than price alone. As of December 31, 2025, RLI employed 1,193 associates throughout the United States with an average tenure of 8.1 years. The company maintains financial strength ratings of A+ from AM Best, A from Standard & Poor's, and A2 from Moody's for its primary insurance subsidiaries. RLI generated net premiums earned of approximately $1.6 billion in 2025 and maintains a diversified investment portfolio focused on capital preservation and long-term value creation.

Company details
Sector
Financials
Industry (SIC)
Property & Casualty Insurance
Headquarters
PEORIA, IL
Fiscal year end
December
CIK
84246
SIC
6331

Financial performance, year by year

Fiscal 2013–2025 · USD
$-197.44M$394.88M$987.20M$1.58B$2.17B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns RLI Corp. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

336
funds hold it
1 of 35
superinvestors hold it
$1.91B
held by funds, at market
36.7%
of shares held by funds
1
bond issues held by funds

Superinvestors in RLI Corp. · what they did last quarter

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
1.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · RLI Corp.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.15%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.07%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.12%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.06%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

RLI Corp.’s bonds, as funds hold them

Funds report holding 1 issues of RLI Corp.’s debt, $69.45M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.38%, maturing 2036 to 2036.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do RLI Corp. and its peers compare on margins and cash generation over ten years?”
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