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RLI RLI Surety Insurance — Ceded Premiums Earned

Other segment segments

Casualty
$197.74M+8.5%
Property Insurance
$193.17M-2.5%

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Other financials

Income statement

See full
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:CededPremiumsEarned.

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 surety insurance — ceded premiums earned?
RLI (RLI) reported surety insurance — ceded premiums earned of $3.52M in Q4 2025.
How has RLI's surety insurance — ceded premiums earned changed year-over-year?
RLI's surety insurance — ceded premiums earned decreased by 2.1% year-over-year, from $3.6M to $3.52M.
What is the long-term trend for RLI's surety insurance — ceded premiums earned?
Over 4 years (2021 to 2025), RLI's surety insurance — ceded premiums earned has grown at a 15.7% compound annual growth rate (CAGR), from $7.87M to $14.1M.
What does surety insurance — ceded premiums earned mean?
This represents the portion of premiums that the insurer has transferred to a reinsurer in exchange for risk protection. It indicates the extent to which the company utilizes reinsurance to mitigate its exposure to large losses or catastrophic events. A significant increase may signal a more conservative risk appetite or a strategic shift in capital management.

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