Filing Flows › RLI (RLI) › Q2 2025
RLI (RLI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 24, 2025
RLI (RLI) reported revenue of $500M for the second quarter 2025 (Q2 2025), +20% from a year earlier and +23% from the quarter before. Operating margin was 30.8%, net earnings $124M (24.9% of revenue).
RLI, Q2 2025: revenue $500M (+20% year over year), operating margin 30.8%, net earnings $124M, operating cash flow $175M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $500M | +23% | +20% |
| Operating profit | $154M | +104% | +52% |
| Net earnings | $124M | +97% | +52% |
| Operating cash flow | $175M | +69% | +23% |
| Free cash flow | $173M | +69% | +25% |
What changed
Revenue was $499.8M in Q2 2025, up 20% year over year and up 23% from the previous quarter.
Operating profit was $154.0M, a 30.8% margin (up 6.4 points year over year). Of the extra revenue versus a year earlier, 63% reached operating profit, above the 24% margin then. Total costs grew 10% against revenue growth of 20%. Net earnings were $124.3M, up 52% year over year. The effective tax rate was 20.6%.
Operating cash flow was $174.7M (up 23% year over year), 141% of net earnings. Working capital and other items added $50.4M. Capital expenditures of $1.3M left free cash flow of $173.4M.
Questions
What was RLI's revenue in the second quarter 2025?
RLI (RLI) reported revenue of $500M for the second quarter 2025 (Q2 2025), +20% from a year earlier and +23% from the quarter before.
Was RLI profitable in the second quarter 2025?
Operating profit was $154M (30.8% of revenue) and net earnings $124M.
Source: RLI 10-Q on SEC EDGAR.