Filing Flows › Financials › RLI (RLI)
RLI (RLI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 21, 2026 · RLI (RLI) Q3 2026 earnings results →
Q3 2026 Revenue down 6% year over year to $477M · 17¢ of every $1 of revenue kept as net profit · operating margin 21.6%
RLI made $477M in Q3 2026 (-6% Y/Y). Operating margin 21.6%, net earnings $81.0M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 21, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $477.0M in Q3 2026, down 6% year over year and down 17% from the previous quarter.
Operating profit was $103.2M, a 21.6% margin (down 8.9 points year over year). Total costs grew 6% against a revenue fall of 6%. Net earnings were $81.0M, down 35% year over year. The effective tax rate was 19.1%.
Operating cash flow was $194.7M (up 9% year over year), 240% of net earnings. Working capital and other items added $113.7M. Capital expenditures of $2.3M left free cash flow of $192.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 21, 2026 | $477M | -6% | 21.6% | $81.0M | $195M |
| Q2 2026 | 10-Q | Jul 24, 2026 | $576M | +15% | 36.1% | $168M | $145M |
| Q1 2026 | 10-Q | Apr 24, 2026 | $424M | +4% | 15.4% | $54.9M | $42.8M |
| Q4 2025 | 10-K | Feb 20, 2026 | $466M | +6% | 26.7% | $91.2M | $157M |
| Q3 2025 | 10-Q | Oct 22, 2025 | $509M | +8% | 30.6% | $125M | $179M |
| Q2 2025 | 10-Q | Jul 24, 2025 | $500M | +20% | 30.8% | $124M | $175M |
| Q1 2025 | 10-Q | Apr 25, 2025 | $408M | -8% | 18.5% | $63.2M | $104M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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⚖️Fair value by methodinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About RLI
RLI Corp. was founded in 1965. References to “the Company,” “we,” “our,” “us” or like terms refer to the business of RLI Corp. and its subsidiaries. We underwrite select property, casualty and surety products through major subsidiaries collectively known as RLI Insurance Group. We conduct operations through three insurance companies. RLI Insurance Company (RLI Ins.), a subsidiary of RLI Corp. and our principal insurance subsidiary, writes multiple lines of insurance on an admitted basis in all 50 states, the District of Columbia, Puerto Rico, the Virgin Islands and Guam. Mt. Hawley Insurance Company (Mt. Hawley), a subsidiary of RLI Ins., writes excess and surplus lines insurance on a non-admitted basis in all 50 states, the District of Columbia, Puerto Rico, the Virgin Islands and Guam.
In its own words, from its 10-K, filed Feb 20, 2026.
RLI against its Fire, Marine & Casualty Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -6% against the peers' median +2%. Operating margin: 21.6% against the peers' median 15.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| RLI RLI | Q3 2026 | $477M | -6% | 21.6% |
| BRK-B Berkshire Hathaway | Q2 2026 | $101.8B | +10% | 15.5% |
| PGR Progressive | Q3 2026 | $23.2B | +3% | 14.0% |
| ALL Allstate | Q3 2026 | $17.3B | +0.5% | 15.1% |
| CB Chubb | Q3 2026 | $16.2B | +0.3% | 21.0% |
| TRV Travelers Companies | Q3 2026 | $12.4B | -0.5% | 19.1% |
| AIG American International Group | Q3 2026 | $7.4B | +17% | 15.0% |
| HIG Hartford Insurance Group | Q3 2026 | $7.2B | +4% | 21.9% |
| L Loews | Q3 2026 | $4.8B | +2% | 8.5% |
Source: RLI 10-Q on SEC EDGAR · CIK 84246 · Fire, Marine & Casualty Insurance
13F: who owns RLI and who is buying
More on RLI
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results