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RLI RLI Surety Insurance — Policyholder Benefits And Claims Incurred Net

Other segment segments

Casualty
$159.69M+13.0%
Property Insurance
$26.73M-30.5%

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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:PolicyholderBenefitsAndClaimsIncurredNet.

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
Net unrealized gains on equity securities---103,024
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

Item 1.Financial Statements

FAQ

What is RLI's surety insurance — policyholder benefits and claims incurred net?
RLI (RLI) reported surety insurance — policyholder benefits and claims incurred net of $3.48M in Q2 2026.
How has RLI's surety insurance — policyholder benefits and claims incurred net changed year-over-year?
RLI's surety insurance — policyholder benefits and claims incurred net decreased by 28.3% year-over-year, from $4.86M to $3.48M.
What is the long-term trend for RLI's surety insurance — policyholder benefits and claims incurred net?
Over 3 years (2022 to 2025), RLI's surety insurance — policyholder benefits and claims incurred net has grown at a -4.5% compound annual growth rate (CAGR), from $12.2M to $10.63M.
What does surety insurance — policyholder benefits and claims incurred net mean?
This metric measures the total costs associated with claims filed by policyholders, net of any reinsurance recoveries, during the period. It reflects the direct cost of underwriting risk and the accuracy of initial pricing models. Lower figures relative to earned premiums suggest superior underwriting discipline and risk selection.

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