Rli corp (RLI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Net premiums earned

839,111

791,366

737,937

728,608

700,161

687,375

630,802

576,571

538,452

493,382

491,961

528,764

Net investment income

68,870

62,085

54,876

53,075

54,644

55,608

52,763

58,831

63,681

66,799

67,346

78,986

Net realized gains

17,520

63,624

6,970

34,740

39,829

32,182

22,036

26,528

17,293

23,243

32,538

29,427

Other-than-temporary-impairment (OTTI) losses on investments

0

200

2,600

95

0

0

-

1,156

257

-

45,293

76,165

Net unrealized losses on equity securities

78,090

-98,735

-

-

-

-

-

-

-

-

-

-

Consolidated revenue

1,003,591

818,123

797,224

816,328

794,634

775,165

705,601

660,774

619,169

583,424

546,552

561,012

Losses and settlement expenses

413,416

428,193

401,584

349,778

299,045

296,609

259,801

271,645

200,084

201,332

203,388

247,174

Policy acquisition costs

288,697

267,738

252,515

249,612

241,078

229,283

210,651

196,362

183,868

156,894

164,195

163,320

Insurance operating expenses

69,430

53,803

56,994

53,093

51,480

54,464

53,557

44,971

44,312

38,584

39,768

35,207

Interest expense on debt

7,588

7,437

7,426

7,426

7,426

7,438

8,095

6,050

6,050

6,050

6,050

6,704

General corporate expenses

12,686

9,427

11,340

10,170

9,837

10,222

8,746

7,867

7,766

7,998

7,941

6,853

Total expenses

791,817

766,598

729,859

670,079

608,866

598,016

540,850

526,895

442,080

410,858

421,342

459,258

Equity in earnings of unconsolidated investees

20,960

16,056

17,224

10,833

10,914

12,338

10,915

8,853

6,497

7,101

5,052

4,844

Earnings (loss) before income taxes

232,734

67,581

84,589

157,082

196,682

189,487

175,666

142,732

183,586

179,667

130,262

106,598

Income tax expense:
Current

26,426

23,917

9,302

41,034

52,104

48,596

43,346

35,605

49,524

51,433

23,687

33,721

Deferred income tax expense (benefit)

14,666

-20,515

-29,741

1,128

7,034

5,446

6,065

3,781

7,464

37

14,144

-5,799

Income tax expense (benefit)

41,092

3,402

-20,439

42,162

59,138

54,042

49,411

39,386

56,988

51,470

37,831

27,922

Net earnings (loss)

191,642

64,179

105,028

114,920

137,544

135,445

126,255

103,346

126,598

128,197

92,431

78,676

Unrealized holding gains arising during the period

-

-

-

-

-

-

-

-

-

33,552

53,995

-111,152

Less: Reclassification adjustment for gains included in net earnings

-

-

-

-

-

-

-

-

-

-14,971

-8,286

-30,581

Other comprehensive earnings (loss), net of tax

67,045

-33,997

35,309

-1,164

-47,609

35,356

-7,143

25,845

21,333

18,581

62,281

-80,571

Comprehensive earnings (loss)

258,687

30,182

140,337

113,756

89,935

170,801

119,112

129,191

147,931

146,778

154,712

-1,895

Basic:
Net earnings (loss) per share (in dollars per share)

4.28

1.45

2.39

2.63

3.18

3.15

2.95

2.44

3.00

6.10

4.29

3.65

Comprehensive earnings (loss) per share (in dollars per share)

5.78

0.68

3.19

2.60

2.08

3.97

2.79

3.04

3.51

6.98

7.18

-0.09

Diluted:
Net earnings (loss) per share (in dollars per share)

4.23

1.43

2.36

2.59

3.12

3.09

2.90

2.39

2.95

6.04

4.25

3.60

Comprehensive earnings (loss) per share (in dollars per share)

5.72

0.67

3.15

2.56

2.04

3.90

2.74

2.99

3.45

6.91

7.12

-0.09

Weighted average number of common shares outstanding
Basic (in shares)

44,734

44,358

44,033

43,772

43,299

43,020

42,744

42

42,156

21,020

21,562

21,540

Diluted (in shares)

45,257

44,835

44,500

44,432

44,131

43,819

43,514

43

42,869

21,241

21,731

21,848

Cash dividends paid per common share

1.91

1.87

2.58

2.79

-

-

-

-

-

-

-

-