Filing Flows › RLI (RLI) › Q1 2025
RLI (RLI) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 25, 2025
RLI (RLI) reported revenue of $408M for the first quarter 2025 (Q1 2025), -8% from a year earlier and -7% from the quarter before. Operating margin was 18.5%, net earnings $63.2M (15.5% of revenue).
RLI, Q1 2025: revenue $408M (-8% year over year), operating margin 18.5%, net earnings $63.2M, operating cash flow $104M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $408M | -7% | -8% |
| Operating profit | $75.6M | +26% | -51% |
| Net earnings | $63.2M | +55% | -51% |
| Operating cash flow | $104M | -19% | +46% |
| Free cash flow | $102M | -20% | +47% |
What changed
Revenue was $407.7M in Q1 2025, down 8% year over year and down 7% from the previous quarter.
Operating profit was $75.6M, a 18.5% margin (down 16.4 points year over year). Total costs grew 15% against a revenue fall of 8%. Net earnings were $63.2M, down 51% year over year. The effective tax rate was 19.6%.
Operating cash flow was $103.5M (up 46% year over year), 164% of net earnings. Working capital and other items added $40.3M. Capital expenditures of $1.1M left free cash flow of $102.5M.
Questions
What was RLI's revenue in the first quarter 2025?
RLI (RLI) reported revenue of $408M for the first quarter 2025 (Q1 2025), -8% from a year earlier and -7% from the quarter before.
Was RLI profitable in the first quarter 2025?
Operating profit was $75.6M (18.5% of revenue) and net earnings $63.2M.
Source: RLI 10-Q on SEC EDGAR.