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How RLI (RLI) makes money

RLI (RLI) made $477M of revenue in the third quarter 2026 (Q3 2026), -6% from a year earlier. Of every dollar of revenue, 22¢ was left as operating profit, 17¢ was left as net earnings.

Drawing the Sankey…

RLI revenue by quarterRLI revenue by quarter$408MQ1 2025$500MQ2 2025$509MQ3 2025$466MQ4 2025$424MQ1 2026$576MQ2 2026$477MQ3 2026
RLI: where each dollar of revenue goesRLI: where each dollar of revenue goesOperating profit22¢Income tax4¢Net earnings17¢Operating cash flow41¢Free cash flow40¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$477M100.0%
Operating profit$103M21.6%
Income tax$19.1M4.0%
Net earnings$81.0M17.0%
Operating cash flow$195M40.8%
Free cash flow$192M40.3%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$477M-6%
Q2 2026$576M+15%
Q1 2026$424M+4%
Q4 2025$466M+6%
Q3 2025$509M+8%
Q2 2025$500M+20%
Q1 2025$408M-8%

From RLI's 10-Q filed Oct 21, 2026 (on EDGAR).

Questions

How does RLI make money?

RLI (RLI) made $477M of revenue in the third quarter 2026 (Q3 2026), -6% from a year earlier. Of every dollar of revenue, 22¢ was left as operating profit, 17¢ was left as net earnings.

What is RLI's profit margin?

Net earnings were $81.0M, 17.0% of revenue, in the third quarter 2026; the operating margin was 21.6%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.