← RLI CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $583.4m | $304.6m | $345.8m | $403.3m | |
| Net Income (Loss) Attributable to Parent | — | — | $64.2m | $191.6m | $157.1m | $279.4m | $583.4m | $304.6m | $345.8m | $403.3m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $114.9m | $105.0m | $64.2m | $191.6m | $157.1m | $279.4m | $583.4m | $304.6m | $345.8m | $403.3m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $64.2m | $191.6m | $157.1m | $279.4m | $583.4m | $304.6m | $345.8m | $403.3m | |
| Amortization of Intangible Assets | $900k | $700k | $400k | $400k | $400k | $200k | — | — | — | — | |
| Deferred Policy Acquisition Costs, Amortization Expense | $141.3m | $146.7m | $158.9m | $168.3m | $170.2m | $190.4m | $232.4m | $275.9m | — | — | |
| Depreciation | $6.4m | $6.9m | $7.0m | $8.2m | $7.4m | $7.4m | $8.0m | $8.5m | $7.7m | $8.1m | |
| Deferred Income Tax Expense (Benefit) | $1.1m | ($29.7m) | ($20.5m) | $14.7m | $8.6m | $18.9m | ($49.6m) | $7.7m | $10.1m | $12.6m | |
| Deferred Income Tax | — | — | — | — | — | — | ($49.6m) | $7.7m | $10.1m | $12.6m | |
| Deferred Tax | — | — | — | — | — | — | ($49.6m) | $7.7m | $10.1m | $12.6m | |
| Share-based Payment Arrangement, Expense | $4.1m | $4.4m | $4.5m | $4.5m | — | — | — | — | — | — | |
| Goodwill and Intangible Asset Impairment | — | — | $4.4m | $0 | $0 | — | — | — | — | — | |
| Goodwill, Impairment Loss | $7.2m | $3.4m | — | — | — | — | — | — | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | — | — | — | — | $571.0m | $14.1m | ($42k) | $270k | |
| Income (Loss) from Equity Method Investments | $10.8m | $17.2m | $16.1m | $21.0m | $20.2m | $37.1m | $9.9m | $9.6m | ($4.9m) | ($3.9m) | |
| Income Tax Expense (Benefit) | $42.2m | ($20.4m) | $3.4m | $41.1m | $32.8m | $65.0m | $137.3m | $72.7m | $81.8m | $102.6m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($9.9m) | ($9.6m) | $4.9m | $3.9m | |
| Additional Financial Items | |||||||||||
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | — | — | — | — | $369k | $4k | $337k | $71k | $55k | $720k | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | — | ($2.0m) | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | — | $20.3m | $22.2m | $30.8m | $60.6m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($98.7m) | $78.1m | $32.1m | $65.3m | ($121.0m) | $64.8m | $81.7m | $43.2m | |
| Goodwill | $51.3m | $49.7m | $46.1m | $46.1m | $46.1m | $46.1m | $46.1m | $46.1m | $46.1m | $46.1m | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | $349.8m | $401.6m | $428.2m | $413.4m | $442.9m | $456.6m | $514.4m | $604.4m | $739.3m | $726.0m | |
| Operating Expenses | $53.1m | $57.0m | $53.8m | $69.4m | $66.8m | $76.9m | $82.2m | $98.4m | $112.5m | $115.8m | |
| Realized Investment Gains (Losses) | — | — | — | — | — | — | $588.5m | $32.5m | $20.0m | $65.1m | |
| Beginning Cash Position | — | — | — | — | — | — | $88.8m | $22.8m | $36.4m | $39.8m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($365.3m) | ($238.8m) | ($238.0m) | ($240.3m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $48.9m | ($211.8m) | ($318.9m) | ($362.1m) | |
| Change In Account Payable | — | — | — | — | — | — | $18.2m | $10.4m | ($26.8m) | ($4.1m) | |
| Change In Accrued Expense | — | — | — | — | — | — | ($3.4m) | $14.0m | $15.4m | $4.4m | |
| Change In Income Tax Payable | — | — | — | — | — | — | ($6.6m) | $7.3m | ($3.0m) | $29.0m | |
| Change In Payable | — | — | — | — | — | — | $11.6m | $17.7m | ($29.8m) | $24.9m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $8.2m | $31.7m | ($14.5m) | $29.2m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($7.5m) | $26.2m | ($12.7m) | $286k | |
| Change In Receivables | — | — | — | — | — | — | ($22.2m) | ($31.7m) | ($9.3m) | $18.3m | |
| Change In Tax Payable | — | — | — | — | — | — | ($6.6m) | $7.3m | ($3.0m) | $29.0m | |
| Change In Working Capital | — | — | — | — | — | — | $206.5m | $225.4m | $276.7m | $279.0m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($22.2m) | ($31.7m) | ($9.3m) | $18.3m | |
| Changes In Cash | — | — | — | — | — | — | ($66.0m) | $13.6m | $3.4m | $11.8m | |
| End Cash Position | — | — | — | — | — | — | $22.8m | $36.4m | $39.8m | $51.6m | |
| Financing Cash Flow | — | — | — | — | — | — | ($365.3m) | ($238.8m) | ($238.0m) | ($240.3m) | |
| Free Cash Flow | — | — | — | — | — | — | $244.6m | $458.3m | $555.5m | $608.7m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($588.5m) | ($32.5m) | ($20.0m) | ($65.1m) | |
| Investing Cash Flow | — | — | — | — | — | — | $48.9m | ($211.8m) | ($318.9m) | ($362.1m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $682.8m | $14.3m | $0 | $2.6m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($5.5m) | ($5.9m) | ($4.7m) | ($5.5m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($598.4m) | ($42.1m) | ($15.1m) | ($61.2m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($20.5m) | $24.9m | $13.7m | $15.6m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | ($465k) | $1.2m | ($2.3m) | $1.2m | |
| Purchase Of Business | — | — | — | — | — | ($9.0m) | ($3.8m) | $0 | $0 | — | |
| Purchase Of PPE | $16.2m | $9.2m | $6.1m | $7.0m | $5.8m | $8.3m | ($5.9m) | ($5.9m) | ($4.7m) | ($5.5m) | |
| Sale Of Business | — | — | — | — | — | — | $686.7m | $14.3m | $0 | $2.6m | |
| Sale Of PPE | — | — | — | — | — | — | $375k | $27k | $13k | $0 | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $121.0m | ($64.8m) | ($81.7m) | ($43.2m) | |
| Gain (Loss) on Investments | $32.9m | $58.7m | ($78.4m) | $180.5m | $121.1m | $54.9m | $114.4m | $176.8m | $92.3m | $216.8m | |
| Net Cash Provided by (Used in) Operating Activities | $174.5m | $197.5m | $217.1m | $276.9m | $263.3m | $384.9m | $250.4m | $464.3m | $560.2m | $614.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $16.2m | $9.2m | $6.1m | $7.0m | $5.8m | $8.3m | $5.9m | $5.9m | $4.7m | $5.5m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($625.4m) | ($210.2m) | ($308.8m) | ($360.5m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($2.1b) | ($816.4m) | ($909.8m) | ($1.5b) | |
| Sale Of Investment | — | — | — | — | — | — | $1.5b | $606.2m | $601.1m | $1.1b | |
| Net Other Investing Changes | — | — | — | — | — | — | ($3.0m) | ($10.0m) | ($5.4m) | $1.3m | |
| Net Cash Provided by (Used in) Investing Activities | — | ($81.2m) | ($134.2m) | ($184.8m) | ($168.0m) | ($274.8m) | $48.9m | ($211.8m) | ($318.9m) | ($362.1m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $141.3m | $195.6m | $187.4m | $201.4m | $283.1m | $376.8m | $1.4b | $504.2m | $326.3m | $457.5m | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | $50.0m | — | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $100.0m | $73.0m | $50.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $100.0m | $73.0m | $50.0m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $0 | ($100.0m) | $0 | $0 | |
| Net Long Term Debt Issuance | — | — | — | — | — | $50.0m | — | ($100.0m) | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | $0 | ($200.0m) | ($73.0m) | ($50.0m) | |
| Repayment Of Debt | — | — | — | — | — | — | $0 | ($200.0m) | ($73.0m) | ($50.0m) | |
| Payments of Ordinary Dividends, Common Stock | $122 | $114 | $83 | $86 | $88 | $135 | $365 | $140 | $236 | $242 | |
| Cash Dividends Paid | — | — | — | — | — | — | ($364.8m) | ($140.1m) | ($235.7m) | ($241.6m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($364.8m) | ($140.1m) | ($235.7m) | ($241.6m) | |
| Dividend Received CFO | — | — | — | — | — | — | $0 | $0 | $3.1m | $0 | |
| Net Cash Provided by (Used in) Financing Activities | — | ($110.3m) | ($77.0m) | ($76.1m) | ($79.3m) | ($83.5m) | ($365.3m) | ($238.8m) | ($238.0m) | ($240.3m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $5.9m | $16.1m | $16.0m | $26.6m | ($66.0m) | $13.6m | $3.4m | $11.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $30.1m | $46.2m | $62.2m | $88.8m | $22.8m | $36.4m | $39.8m | $51.6m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($66.0m) | $13.6m | $3.4m | $11.8m | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $60.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.