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RLI RLI Property Insurance — Direct Premiums Earned

Other segment segments

Casualty
$1.13B+11.6%
Surety Insurance
$161.54M+3.5%

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NODKNet Premium Earned — Direct Premiums Earned
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RDNMortgage Insurance — Direct Premiums Earned
$269.54M+2.9%
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RDNSpecialty Insurance — Direct Premiums Earned
$146.06M
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HMNProperty & Casualty — Direct Premiums Earned
$201.7M+8.5%

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 property insurance — direct premiums earned?
RLI (RLI) reported property insurance — direct premiums earned of $176.26M in Q4 2025.
How has RLI's property insurance — direct premiums earned changed year-over-year?
RLI's property insurance — direct premiums earned decreased by 3.3% year-over-year, from $182.25M to $176.26M.
What is the long-term trend for RLI's property insurance — direct premiums earned?
Over 4 years (2021 to 2025), RLI's property insurance — direct premiums earned has grown at a 22.7% compound annual growth rate (CAGR), from $310.63M to $705.05M.
What does property insurance — direct premiums earned mean?
This represents the portion of premiums from policies directly underwritten by the company that have been recognized as revenue over the period. It reflects the actual volume of risk the company has retained and earned through its own distribution channels. This is a fundamental measure of the segment's core revenue generation capacity before accounting for reinsurance transactions.

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