Filing Flows › RLI (RLI) › Q1 2026
RLI (RLI) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 24, 2026
RLI (RLI) reported revenue of $424M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -9% from the quarter before. Operating margin was 15.4%, net earnings $54.9M (12.9% of revenue).
RLI, Q1 2026: revenue $424M (+4% year over year), operating margin 15.4%, net earnings $54.9M, operating cash flow $42.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $424M | -9% | +4% |
| Operating profit | $65.2M | -48% | -14% |
| Net earnings | $54.9M | -40% | -13% |
| Operating cash flow | $42.8M | -73% | -59% |
| Free cash flow | $41.8M | -73% | -59% |
What changed
Revenue was $423.9M in Q1 2026, up 4% year over year and down 9% from the previous quarter.
Operating profit was $65.2M, a 15.4% margin (down 3.2 points year over year). Operating profit fell $10.4M even though revenue rose $16.2M versus Q1 2025, so costs grew faster than sales. Total costs grew 8% against revenue growth of 4%. Net earnings were $54.9M, down 13% year over year. The effective tax rate was 18.5%.
Operating cash flow was $42.8M (down 59% year over year), 78% of net earnings. Working capital and other items used $12.1M. Capital expenditures of $1.1M left free cash flow of $41.8M.
Questions
What was RLI's revenue in the first quarter 2026?
RLI (RLI) reported revenue of $424M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -9% from the quarter before.
Was RLI profitable in the first quarter 2026?
Operating profit was $65.2M (15.4% of revenue) and net earnings $54.9M.
Source: RLI 10-Q on SEC EDGAR.