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RLI RLI Casualty — Direct Premiums Earned

Other segment segments

Property Insurance
$705.05M-3.3%
Surety Insurance
$161.54M+3.5%

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UHALProperty Liability And Casualty Insurance — Direct Premiums Earned
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Other financials

Income statement

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Revenue$575.6M+15.2%
Net income$168.0M+35.1%
EPS (diluted)$1.82+35.8%

Balance sheet

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Cash & equivalents$32.1M+49.9%
Total debt$318.7M+179%
Total equity$1.8B+1.0%
Total assets$6.4B+7.0%

Cash flow

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Operating cash flow$145.2M-16.9%
CapEx$2.8M+114%
Free cash flow$142.4M-17.9%

Valuation

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Market cap$5.91B-5.4%
Enterprise value$6.19B-2.3%
P/E13.5×-5.8×
P/S-0.4×

Profitability

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Net margin22.2%+4.4pp
FCF margin26.2%-8.1pp

Returns & leverage

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Return on equity25.2%+5.7pp
Debt / equity0.2×+0.1×

Where this comes from

Reported directly by RLI in its filing.

Tagged under the XBRL concept us-gaap:DirectPremiumsEarned.

The source filing: RLI’s 10-K, filed February 20, 2026.

Filed
Feb 20, 2026, 12:36 PM EST
Fiscal year
FY2025
Accession
0001104659-26-018013
(in thousands)Direct / amountCeded to / other / companiesAssumed / from other / companiesNet / amountPercentage / of amount / assumed / to net
2025
Casualty segment$1,127,384$197,743$24,340$953,9812.6%
Property segment705,053193,165516512,4040.1%
Surety segment161,54314,095513147,9610.3%
RLI Insurance Group premiums earned$1,993,980$405,003$25,369$1,614,3461.6%
2024
Casualty segment$1,009,937$182,226$25,126$852,8372.9%
Property segment729,018198,206572531,3840.1%

Item 16. Form 10-K Summary

FAQ

What is RLI's casualty — direct premiums earned?
RLI (RLI) reported casualty — direct premiums earned of $281.85M in Q4 2025.
How has RLI's casualty — direct premiums earned changed year-over-year?
RLI's casualty — direct premiums earned increased by 11.6% year-over-year, from $252.48M to $281.85M.
What is the long-term trend for RLI's casualty — direct premiums earned?
Over 4 years (2021 to 2025), RLI's casualty — direct premiums earned has grown at a 9.3% compound annual growth rate (CAGR), from $788.74M to $1.13B.
What does casualty — direct premiums earned mean?
This metric represents the portion of premiums from policies directly underwritten by the segment that has been recognized as revenue over the policy period. It reflects the actual insurance coverage provided to policyholders during the reporting timeframe. This is a critical measure of the segment's realized revenue generation before accounting for reinsurance transactions.

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