Filing Flows › RLI (RLI) › Q3 2025
RLI (RLI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 22, 2025
RLI (RLI) reported revenue of $509M for the third quarter 2025 (Q3 2025), +8% from a year earlier and +2% from the quarter before. Operating margin was 30.6%, net earnings $125M (24.5% of revenue).
RLI, Q3 2025: revenue $509M (+8% year over year), operating margin 30.6%, net earnings $125M, operating cash flow $179M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $509M | +2% | +8% |
| Operating profit | $156M | +1% | +35% |
| Net earnings | $125M | +0.2% | +31% |
| Operating cash flow | $179M | +3% | -18% |
| Free cash flow | $178M | +3% | -19% |
What changed
Revenue was $509.3M in Q3 2025, up 8% year over year and up 2% from the previous quarter.
Operating profit was $155.7M, a 30.6% margin (up 6.0 points year over year). Of the extra revenue versus a year earlier, 102% reached operating profit, above the 25% margin then. Total costs fell 0% while revenue rose 8%. Net earnings were $124.6M, up 31% year over year. The effective tax rate was 20.8%.
Operating cash flow was $179.2M (down 18% year over year), 144% of net earnings. Working capital and other items added $54.6M. Capital expenditures of $1.4M left free cash flow of $177.8M.
Questions
What was RLI's revenue in the third quarter 2025?
RLI (RLI) reported revenue of $509M for the third quarter 2025 (Q3 2025), +8% from a year earlier and +2% from the quarter before.
Was RLI profitable in the third quarter 2025?
Operating profit was $156M (30.6% of revenue) and net earnings $125M.
Source: RLI 10-Q on SEC EDGAR.