RLI Corp RLI Income Statement

Rli corp (RLI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Net premiums earned
215,582	215,626	211,255	207,541	204,689	204,002	200,815	196,522	190,027	188,296	182,025	184,331	183,285	187,869	183,595	180,226	176,918	179,371	179,448	172,339	169,003	179,892	177,747	168,604	161,132	168,396	163,702	154,553	144,151	147,764	149,943	141,584	137,280	145,023	146,552	130,826	116,051	127,026	128,334	121,758	116,264	122,736	122,492
Net investment income
17,778	17,775	17,532	16,998	16,565	16,962	16,314	14,577	14,232	14,446	14,187	13,238	13,005	13,153	13,504	13,048	13,370	13,754	13,964	13,431	13,495	13,844	14,200	13,982	13,582	13,432	13,598	12,847	12,886	14,491	14,221	14,826	15,293	16,244	15,954	15,180	16,303	16,672	16,762	16,765	16,600	16,295	16,496
Net realized gains
15,152	477	3,211	4,764	9,068	15,507	18,808	20,849	8,460	5,580	35	-1,359	2,714	11,283	9,347	2,710	11,400	14,207	7,534	4,802	13,286	9,542	5,708	10,431	6,501	3,611	10,999	3,742	3,684	9,139	5,481	492	11,416	2,691	80	10,050	4,472	7,962	4,527	4,291	6,463	6,985	12,419
Other-than-temporary-impairment (OTTI) losses on investments
-	-	-	-	-	-17	161	0	56	510	0	0	2,090	-	95	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,156	-	-	257	-	0	-	-	-	-	-	6,665
Net unrealized losses on equity securities
-130,395	30,876	4,906	8,810	33,498	-64,200	4,848	-12,611	-26,772	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consolidated revenue
118,117	264,754	236,904	238,113	263,820	172,271	240,624	219,337	185,891	207,853	196,247	196,210	196,914	212,305	206,351	195,984	201,688	207,332	200,946	190,572	195,784	203,278	197,655	193,017	181,215	185,439	188,299	171,142	160,721	171,394	169,645	155,746	163,989	163,958	162,329	156,056	136,826	151,660	149,623	142,814	139,327	146,016	144,742
Losses and settlement expenses
111,021	106,210	108,990	103,919	94,297	123,888	110,231	101,653	92,421	94,657	123,190	90,347	93,390	90,438	97,892	80,277	81,171	80,584	73,051	64,549	80,861	76,229	76,019	73,345	71,016	68,500	64,246	65,607	61,448	78,159	70,598	61,005	61,883	58,048	64,802	30,363	46,871	46,180	55,823	45,072	54,257	47,677	48,780
Policy acquisition costs
72,941	74,111	71,552	71,742	71,292	66,265	68,414	66,325	66,734	66,251	62,066	60,695	63,503	65,087	61,761	60,521	62,243	62,113	60,505	59,487	58,973	60,896	58,180	55,156	55,051	54,637	54,176	51,502	50,336	50,730	49,262	48,173	48,197	49,083	49,924	46,243	38,618	38,090	40,624	37,715	40,465	41,627	38,556
Insurance operating expenses
14,381	18,833	16,982	16,948	16,667	11,612	14,408	14,398	13,385	18,412	11,701	13,546	13,335	14,143	13,338	13,412	12,200	14,183	12,299	13,467	11,531	15,277	13,120	13,534	12,533	15,641	13,462	11,885	12,569	10,376	11,553	10,783	12,259	12,265	10,302	12,130	9,615	11,426	10,161	8,170	8,827	10,480	10,072
Interest expense on debt
1,897	2,005	1,861	1,861	1,861	1,861	1,862	1,858	1,856	1,857	1,856	1,857	1,856	1,856	1,857	1,856	1,857	1,856	1,857	1,857	1,856	1,856	1,857	1,874	1,851	3,557	1,513	1,513	1,512	1,513	1,512	1,525	1,500	1,513	1,513	1,512	1,512	1,513	1,512	1,513	1,512	1,512	1,513
General corporate expenses
1,755	3,544	2,583	3,283	3,276	1,556	2,947	2,641	2,283	3,524	1,956	2,535	3,325	2,785	2,242	2,768	2,375	2,887	1,958	2,748	2,244	2,675	2,800	2,549	2,198	2,511	2,157	1,692	2,386	1,966	2,099	1,815	1,987	2,203	1,594	1,964	2,005	2,592	2,148	1,541	1,717	2,177	2,042
Total expenses
201,995	204,703	201,968	197,753	187,393	205,182	197,862	186,875	176,679	184,701	200,769	168,980	175,409	174,309	177,090	158,834	159,846	161,623	149,670	142,108	155,465	156,933	151,976	146,458	142,649	144,846	135,554	132,199	128,251	142,744	135,024	123,301	125,826	123,112	128,135	92,212	98,621	99,801	110,268	94,011	106,778	103,473	100,963
Equity in earnings of unconsolidated investees
4,514	3,167	4,011	8,468	5,314	203	3,587	7,100	5,166	1,820	3,660	6,806	4,938	10	1,881	5,191	3,751	-127	661	6,186	4,194	134	2,915	5,864	3,425	219	2,564	4,633	3,499	-75	1,859	4,123	2,946	-718	713	3,886	2,616	-226	1,648	3,426	2,253	1,120	2,724
Earnings (loss) before income taxes
-79,364	63,218	38,947	48,828	81,741	-32,708	46,349	39,562	14,378	24,972	-862	34,036	26,443	38,006	31,142	42,341	45,593	45,582	51,937	54,650	44,513	46,479	48,594	52,423	41,991	40,812	55,309	43,576	35,969	28,575	36,480	36,568	41,109	40,128	34,907	67,730	40,821	51,633	41,003	52,229	34,802	43,663	46,503
Income tax expense:
Income tax expense (benefit)
-18,097	9,840	6,623	8,361	16,268	-12,048	6,977	6,311	2,162	-32,286	-2,596	7,828	6,615	5,819	8,879	13,264	14,200	11,729	16,029	17,465	13,915	8,982	15,340	16,698	13,022	6,953	17,662	13,674	11,122	3,478	11,017	11,820	13,071	10,197	10,938	22,738	13,115	10,616	13,038	17,235	10,581	12,644	12,423
Net earnings (loss)
-61,267	53,378	32,324	40,467	65,473	-20,660	39,372	33,251	12,216	57,258	1,734	26,208	19,828	32,187	22,263	29,077	31,393	33,853	35,908	37,185	30,598	37,497	33,254	35,725	28,969	33,859	37,647	29,902	24,847	25,097	25,463	24,748	28,038	29,931	23,969	44,992	27,706	41,017	27,965	34,994	24,221	31,019	34,080
Unrealized holding gains arising during the period
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,518	9,224	8,154	-	-	-	-	-	-
Less: Reclassification adjustment for gains included in net earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	187	6,464	2,906	-	-	-	-	-	-
Other comprehensive earnings (loss), net of tax
-13,000	-5,460	15,341	27,864	29,300	7,772	-7,696	-7,675	-26,398	4,497	8,444	10,599	11,769	-35,062	-6,931	19,066	21,763	1,054	-16,136	-24,932	-7,595	10,038	-12,353	19,934	17,737	10,731	-1,946	-33,481	17,553	-11,868	21,047	5,890	10,776	27,656	-14,331	2,760	5,248	-9,405	30,476	-11,765	9,275	36,969	22,810
Comprehensive earnings (loss)
-74,298	47,917	47,665	68,331	94,774	-12,888	31,676	25,576	-14,182	61,755	10,178	36,807	31,597	-2,875	15,332	48,143	53,156	34,907	19,772	12,253	23,003	47,535	20,901	55,659	46,706	44,590	35,701	-3,579	42,400	13,229	46,510	30,638	38,814	57,587	9,638	47,752	32,954	31,612	58,441	23,229	33,496	67,988	56,890
Basic:
Net earnings (loss) per share (in dollars per share)
-1.36	1.18	0.72	0.91	1.47	-0.47	0.89	0.75	0.28	1.30	0.04	0.60	0.45	0.73	0.51	0.67	0.72	0.78	0.83	0.86	0.71	0.88	0.77	0.83	0.67	0.79	0.88	0.70	0.58	-1.25	1.20	1.17	1.32	-1.59	1.14	2.13	1.32	1.96	1.34	1.66	1.14	1.43	1.58
Comprehensive earnings (loss) per share (in dollars per share)
-1.65	1.06	1.06	1.53	2.13	-0.29	0.71	0.58	-0.32	1.40	0.23	0.84	0.72	-0.07	0.35	1.10	1.22	0.81	0.46	0.28	0.53	1.10	0.49	1.29	1.09	1.04	0.83	-0.08	1.00	-2.42	2.19	1.44	1.83	-0.79	0.46	2.27	1.57	1.51	2.79	1.10	1.58	3.14	2.63
Diluted:
Net earnings (loss) per share (in dollars per share)
-1.36	1.17	0.71	0.89	1.46	-0.46	0.88	0.74	0.27	1.28	0.04	0.59	0.45	0.73	0.50	0.65	0.71	0.77	0.81	0.84	0.70	0.85	0.76	0.82	0.66	0.78	0.86	0.69	0.57	-1.25	1.19	1.15	1.30	-1.58	1.12	2.11	1.30	1.93	1.33	1.65	1.13	1.42	1.57
Comprehensive earnings (loss) per share (in dollars per share)
-1.65	1.05	1.05	1.51	2.11	-0.28	0.70	0.57	-0.32	1.38	0.23	0.83	0.71	-0.06	0.34	1.08	1.20	0.79	0.45	0.28	0.52	1.08	0.48	1.27	1.07	1.02	0.82	-0.08	0.98	-2.39	2.16	1.42	1.80	-0.79	0.45	2.24	1.55	1.48	2.77	1.09	1.57	3.12	2.62
Weighted average number of common shares outstanding
Basic (in shares)
44,920	44,873	44,823	44,704	44,536	44,501	44,400	44,310	44,221	44,108	44,058	44,005	43,961	43,927	43,843	43,721	43,597	43,503	43,342	43,210	43,141	43,068	43,026	43,001	42,985	42,961	42,843	42,628	42,544	-63,449	21,218	21,213	21,188	105,435	21,089	21,075	21,025	20,947	20,931	21,026	21,176	21	21,617
Diluted (in shares)
44,920	45,573	45,349	45,219	44,887	45,008	44,940	44,742	44,650	44,464	44,515	44,519	44,502	44,452	44,492	44,423	44,361	44,360	44,153	44,019	43,992	44,202	43,712	43,688	43,674	43,924	43,546	43,341	43,245	-64,355	21,486	21,514	21,528	107,524	21,335	21,332	21,285	21,279	21,090	21,223	21,372	21	21,721
Cash dividends paid per common share
-	-	0.23	0.23	-	1.22	0.22	0.22	0.21	1.96	0.21	0.21	0.20	2.20	0.20	0.20	0.19	-	0.19	0.19	0.18	-	0.18	0.18	0.17	-	0.17	0.17	0.16	-	0.32	0.32	0.30	-	0.30	0.30	0.29	-	0.29	0.29	0.28	0.27	0.27