RLI (RLI) annual balance sheet covering fiscal 2020 through 2025, as reported to the SEC.
Total assets have grown 9.4% a year on average since fiscal 2020, from $3.94B to $6.16B, rising in every year shown.
A balance sheet shows what a company owns and what it owes on a single date. The difference between the two belongs to shareholders.
| Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||||||||||||||
Available-for-sale, at fair value (amortized cost of $3,760,876 and allowance for credit losses of $463 at 6/30/26) (amortized cost of $3,642,362 and allowance for credit losses of $828 at 12/31/25) | |||||||||||||||||||||
3,533 | 3,175 | 2,855 | 2,666 | 2,409 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Available-for-sale, at fair value (amortized cost of $3,760,876 and allowance for credit losses of $463 at 6/30/26) (amortized cost of $3,642,362 and allowance for credit losses of $828 at 12/31/25) | 3,533 | 3,175 | 2,855 | 2,666 | 2,409 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Available-for-sale, at fair value (amortized cost of $2,753,631 and allowance for credit losses of $327 at 9/30/22) (amortized cost of $2,346,267 and allowance for credit losses of $441 at 12/31/21) | |||||||||||||||||||||
- | - | - | - | - | 2,196 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Available-for-sale, at fair value (amortized cost of $2,753,631 and allowance for credit losses of $327 at 9/30/22) (amortized cost of $2,346,267 and allowance for credit losses of $441 at 12/31/21) | - | - | - | - | - | 2,196 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Held-to-maturity, at amortized cost (fair value - $0 in 2014 and $687 in 2013) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Held-to-maturity, at amortized cost (fair value - $0 in 2014 and $687 in 2013) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Equity securities, at fair value (cost - $530,730 at 6/30/26 and $534,311 at 12/31/25) | |||||||||||||||||||||
898 | 736 | 590 | 498 | 613 | 524 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Equity securities, at fair value (cost - $530,730 at 6/30/26 and $534,311 at 12/31/25) | 898 | 736 | 590 | 498 | 613 | 524 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Short-term investments, at cost which approximates fair value | |||||||||||||||||||||
121 | 74 | 134 | 36 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Short-term investments, at cost which approximates fair value | 121 | 74 | 134 | 36 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Short-term investments, at cost which approximates fair value | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Short-term investments, at cost which approximates fair value | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Trading, at fair value (amortized cost - $0 in 2013 and $6 in 2012) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Trading, at fair value (amortized cost - $0 in 2013 and $6 in 2012) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other invested assets | |||||||||||||||||||||
59 | 58 | 59 | 48 | 50 | 54 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other invested assets | 59 | 58 | 59 | 48 | 50 | 54 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Cash | |||||||||||||||||||||
52 | 39 | 36 | 22 | 88 | 62 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash | 52 | 39 | 36 | 22 | 88 | 62 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total investments and cash | |||||||||||||||||||||
4,663 | 4,084 | 3,676 | 3,272 | 3,162 | 2,837 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total investments and cash | 4,663 | 4,084 | 3,676 | 3,272 | 3,162 | 2,837 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accrued investment income | |||||||||||||||||||||
30 | 28 | 24 | 21 | 17 | 16 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accrued investment income | 30 | 28 | 24 | 21 | 17 | 16 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $21,044 at 6/30/26 and $23,673 at 12/31/25 | |||||||||||||||||||||
212 | 230 | 221 | 189 | 167 | 174 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Premiums and reinsurance balances receivable, net of allowances for uncollectible amounts of $21,044 at 6/30/26 and $23,673 at 12/31/25 | 212 | 230 | 221 | 189 | 167 | 174 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Ceded unearned premium | |||||||||||||||||||||
124 | 124 | 112 | 138 | 130 | 113 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Ceded unearned premium | 124 | 124 | 112 | 138 | 130 | 113 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $10,953 at 6/30/26 and $11,107 at 12/31/25 | |||||||||||||||||||||
746 | 755 | 757 | 740 | 608 | 443 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Reinsurance balances recoverable on unpaid losses and settlement expenses, net of allowances for uncollectible amounts of $10,953 at 6/30/26 and $11,107 at 12/31/25 | 746 | 755 | 757 | 740 | 608 | 443 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred policy acquisition costs | |||||||||||||||||||||
172 | 166 | 146 | 127 | 103 | 88 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred policy acquisition costs | 172 | 166 | 146 | 127 | 103 | 88 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Property and equipment, at cost, net of accumulated depreciation of $88,555 at 6/30/26 and $84,459 at 12/31/25 | |||||||||||||||||||||
40 | 43 | 46 | 49 | 52 | 51 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Property and equipment, at cost, net of accumulated depreciation of $88,555 at 6/30/26 and $84,459 at 12/31/25 | 40 | 43 | 46 | 49 | 52 | 51 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Investment in unconsolidated investees | |||||||||||||||||||||
53 | 56 | 56 | 58 | 171 | 128 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Investment in unconsolidated investees | 53 | 56 | 56 | 58 | 171 | 128 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Goodwill and intangibles | |||||||||||||||||||||
53 | 53 | 53 | 53 | 53 | 53 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Goodwill and intangibles | 53 | 53 | 53 | 53 | 53 | 53 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income taxes-deferred | |||||||||||||||||||||
- | 7 | 15 | 40 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income taxes-deferred | - | 7 | 15 | 40 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other assets | |||||||||||||||||||||
63 | 77 | 69 | 75 | 40 | 31 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other assets | 63 | 77 | 69 | 75 | 40 | 31 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
TOTAL ASSETS | |||||||||||||||||||||
6,161 | 5,628 | 5,180 | 4,767 | 4,508 | 3,938 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
TOTAL ASSETS | 6,161 | 5,628 | 5,180 | 4,767 | 4,508 | 3,938 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||||||||||||
Liabilities | |||||||||||||||||||||
Unpaid losses and settlement expenses | |||||||||||||||||||||
2,886 | 2,693 | 2,446 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unpaid losses and settlement expenses | 2,886 | 2,693 | 2,446 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Unpaid losses and settlement expenses | |||||||||||||||||||||
- | - | - | 2,315 | 2,043 | 1,750 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unpaid losses and settlement expenses | - | - | - | 2,315 | 2,043 | 1,750 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Unearned premiums | |||||||||||||||||||||
991 | 984 | 892 | 785 | 680 | 586 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Unearned premiums | 991 | 984 | 892 | 785 | 680 | 586 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Reinsurance balances payable | |||||||||||||||||||||
40 | 44 | 71 | 61 | 42 | 42 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Reinsurance balances payable | 40 | 44 | 71 | 61 | 42 | 42 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Funds held | |||||||||||||||||||||
127 | 97 | 101 | 101 | 89 | 81 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Funds held | 127 | 97 | 101 | 101 | 89 | 81 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income taxes-current | |||||||||||||||||||||
29 | 0 | 3 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income taxes-current | 29 | 0 | 3 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income taxes-deferred | |||||||||||||||||||||
21 | - | - | - | 83 | 80 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income taxes-deferred | 21 | - | - | - | 83 | 80 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Short-term debt | |||||||||||||||||||||
100 | 100 | 100 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Short-term debt | 100 | 100 | 100 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Long-term debt | |||||||||||||||||||||
- | - | - | 199 | 199 | 149 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Long-term debt | - | - | - | 199 | 199 | 149 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accrued expenses | |||||||||||||||||||||
128 | 124 | 108 | 94 | 98 | 75 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accrued expenses | 128 | 124 | 108 | 94 | 98 | 75 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other liabilities | |||||||||||||||||||||
56 | 62 | 42 | 32 | 40 | 36 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other liabilities | 56 | 62 | 42 | 32 | 40 | 36 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
TOTAL LIABILITIES | |||||||||||||||||||||
4,383 | 4,106 | 3,766 | 3,589 | 3,278 | 2,802 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
TOTAL LIABILITIES | 4,383 | 4,106 | 3,766 | 3,589 | 3,278 | 2,802 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Shareholders' Equity | |||||||||||||||||||||
Common stock ($0.01 par value) (Shares authorized - 400,000,000) (137,868,035 shares issued, 91,772,634 shares outstanding at 6/30/26) (137,739,079 shares issued, 91,878,651 shares outstanding at 12/31/25) | |||||||||||||||||||||
1 | 1 | 1 | 0 | 0 | 0 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Common stock ($0.01 par value) (Shares authorized - 400,000,000) (137,868,035 shares issued, 91,772,634 shares outstanding at 6/30/26) (137,739,079 shares issued, 91,878,651 shares outstanding at 12/31/25) | 1 | 1 | 1 | 0 | 0 | 0 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Paid-in capital | |||||||||||||||||||||
376 | 367 | 361 | 352 | 343 | 335 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Paid-in capital | 376 | 367 | 361 | 352 | 343 | 335 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accumulated other comprehensive earnings (loss) | |||||||||||||||||||||
-88 | -173 | -166 | -229 | 49 | 108 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accumulated other comprehensive earnings (loss) | -88 | -173 | -166 | -229 | 49 | 108 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Retained earnings | |||||||||||||||||||||
1,881 | 1,719 | 1,609 | 1,446 | 1,228 | 1,084 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Retained earnings | 1,881 | 1,719 | 1,609 | 1,446 | 1,228 | 1,084 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred compensation | |||||||||||||||||||||
14 | 13 | 13 | 12 | 9 | 8 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred compensation | 14 | 13 | 13 | 12 | 9 | 8 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Less: Treasury shares, at cost (46,095,401 shares at 6/30/26 and 45,860,428 shares at 12/31/25) | |||||||||||||||||||||
407 | 406 | 406 | 405 | 402 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Less: Treasury shares, at cost (46,095,401 shares at 6/30/26 and 45,860,428 shares at 12/31/25) | 407 | 406 | 406 | 405 | 402 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Less: Treasury shares, at cost (22,930,214 shares at 6/30/22 and 12/31/21) | |||||||||||||||||||||
- | - | - | - | - | 401 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Less: Treasury shares, at cost (22,930,214 shares at 6/30/22 and 12/31/21) | - | - | - | - | - | 401 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
TOTAL SHAREHOLDERS' EQUITY | |||||||||||||||||||||
1,778 | 1,521 | 1,413 | 1,177 | 1,229 | 1,135 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
TOTAL SHAREHOLDERS' EQUITY | 1,778 | 1,521 | 1,413 | 1,177 | 1,229 | 1,135 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||||||||||||
6,161 | 5,628 | 5,180 | 4,767 | 4,508 | 3,938 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 6,161 | 5,628 | 5,180 | 4,767 | 4,508 | 3,938 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||