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RLI RLI Surety Insurance — Operating Expenses

Other segment segments

Casualty
$19.32M+11.9%
Property Insurance
$9.46M+9.0%

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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:OperatingExpenses.

The source filing: RLI’s 10-Q, filed July 24, 2026.

Filed
Jul 24, 2026, 12:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-086576
(in thousands)CasualtyPropertySuretyTotal
Consolidated revenue$$256,922$123,786$36,388575,569
Less: Expenses
Losses and settlement expenses$$159,686$26,7253,484
Amortization of deferred acquisition costs50,58024,96712,751
Other policy acquisition costs25,5939,13611,648
Insurance operating expenses19,3219,4593,837
Segment earnings before income taxes$$1,742$53,499$4,66859,909
Depreciation and amortization expense$$1,559$515356

Item 1.Financial Statements

FAQ

What is RLI's surety insurance — operating expenses?
RLI (RLI) reported surety insurance — operating expenses of $3.84M in Q2 2026.
How has RLI's surety insurance — operating expenses changed year-over-year?
RLI's surety insurance — operating expenses increased by 4.9% year-over-year, from $3.66M to $3.84M.
What is the long-term trend for RLI's surety insurance — operating expenses?
Over 4 years (2021 to 2025), RLI's surety insurance — operating expenses has grown at a 6.4% compound annual growth rate (CAGR), from $11.16M to $14.32M.
What does surety insurance — operating expenses mean?
This metric encompasses the general administrative and overhead costs required to maintain the surety segment's operations. It excludes direct claims and acquisition costs, focusing instead on the fixed and variable costs of running the business unit. Efficient management of these expenses is critical for maintaining competitive margins in the specialty insurance market.

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