Filing Flows › RLI (RLI) › Q4 2025
RLI (RLI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
RLI (RLI) reported revenue of $466M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -9% from the quarter before. Operating margin was 26.7%, net earnings $91.2M (19.6% of revenue).
RLI, Q4 2025: revenue $466M (+6% year over year), operating margin 26.7%, net earnings $91.2M, operating cash flow $157M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $466M | -9% | +6% |
| Operating profit | $125M | -20% | +108% |
| Net earnings | $91.2M | -27% | +123% |
| Operating cash flow | $157M | -13% | +22% |
| Free cash flow | $155M | -13% | +21% |
What changed
Revenue was $465.7M in Q4 2025, up 6% year over year and down 9% from the previous quarter.
Operating profit was $124.6M, a 26.7% margin (up 13.1 points year over year). Of the extra revenue versus a year earlier, 243% reached operating profit, above the 14% margin then. Total costs fell 10% while revenue rose 6%. Net earnings were $91.2M, up 123% year over year. The effective tax rate was 19.7%.
Operating cash flow was $156.8M (up 22% year over year), 172% of net earnings. Working capital and other items added $65.6M. Capital expenditures of $1.8M left free cash flow of $155.0M.
Questions
What was RLI's revenue in the fourth quarter 2025?
RLI (RLI) reported revenue of $466M for the fourth quarter 2025 (Q4 2025), +6% from a year earlier and -9% from the quarter before.
Was RLI profitable in the fourth quarter 2025?
Operating profit was $125M (26.7% of revenue) and net earnings $91.2M.
Source: RLI 10-K on SEC EDGAR.