Sep 2026 (Q3 FY26) — Oct 20, 2026
RLI Corp. Q3 FY26 — Consistent Underwriting Profitability and Investment Income Growth
Read the full callRLI earnings: last reported Tue, 20 Oct 2026, for the quarter ended Sep 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 477 | −6.3% YoY | Quarterly, as filed | Quarter to Sep 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Sep 2026 | Not in the filed figures for the quarter to sep 2026. No older figure is substituted. | ||
| Net profit | 81.0 | −35.0% YoY | Quarterly, as filed | Quarter to Sep 2026 | Profit after tax as filed. |
Guidance
2 of 2 judged targets kept · 1 open · verdicts reflect calls analysed to Dec 2025.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year underwriting profit (consecutive-year streak) | 30th consecutive year of underwriting profit (full-year combined ratio below 100%) | Sep 2025 | For the full year, we delivered $264 million of underwriting income on, as Craig mentioned, an 83.6 combined ratio, marking our 30th consecutive year of underwriting profit. | Achieved |
| E&S Property full-year underwriting profit vs. historical top-line premium level | E&S property's underwriting profit for 2025 to exceed what the segment used to write in top-line premium | Sep 2025 | Our experienced E&S property team delivered a meaningful underwriting profits despite challenging market conditions. | Pending |
1 of RLI CORP's 3 targets is still open. See which are on track and which have gone quiet. The 2 above are the free sample; 1 more target is in the full ledger.
Claimed
Qualified
Price
1Y: $61.5 on 22 Oct 2025 → $64.83. High $67.01 (22 Oct 2026), low $47.77 (13 May 2026).
Overview
Guidance
2 of 2 judged targets kept · 1 open · verdicts reflect calls analysed to Dec 2025.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year underwriting profit (consecutive-year streak) | 30th consecutive year of underwriting profit (full-year combined ratio below 100%) | Sep 2025 | For the full year, we delivered $264 million of underwriting income on, as Craig mentioned, an 83.6 combined ratio, marking our 30th consecutive year of underwriting profit. | Achieved |
| E&S Property full-year underwriting profit vs. historical top-line premium level | E&S property's underwriting profit for 2025 to exceed what the segment used to write in top-line premium | Sep 2025 | Our experienced E&S property team delivered a meaningful underwriting profits despite challenging market conditions. | Pending |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 3 tracked commitments, with each call’s wording and source.
Call summaries
RLI Corp. Q3 FY26 — Consistent Underwriting Profitability and Investment Income Growth
Read the full callRLI Corp. Q2 FY26 — Profitable Growth with Strong Underwriting and Investment Income
Read the full callRLI Corp. Q1 FY26 — Strong Underwriting Profitability Amidst Competitive Markets
Read the full callEvery analysed call
Financials
Net profit, year on year: −35% (quarter to sep 2026 against sep 2025).
| Line item | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 439 | 408 | 500 | 509 | 466 | 424 | 576 | 477 |
| Profit before tax | 47 | 79 | 157 | 157 | 114 | 67 | 211 | 100 |
| Tax rate | 13.9% | 19.6% | 20.6% | 20.8% | 19.7% | 18.5% | 20.3% | 19.1% |
| Net profit | 41 | 63 | 124 | 125 | 91 | 55 | 168 | 81 |
| EPS ($ per share) | — | 0.69 | 1.35 | 1.36 | — | 0.60 | 1.83 | 0.88 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 908 | 1,014 | 1,084 | 1,228 | 1,446 | 1,610 | 1,720 | 1,881 |
| Total liabilities | 2,298 | 2,550 | 2,803 | 3,279 | 3,590 | 3,767 | 4,107 | 4,383 |
| Fixed assets | 55 | 53 | 51 | 52 | 50 | 47 | 43 | 41 |
| Investments | 12 | — | — | — | — | — | — | — |
| Total assets | 3,105 | 3,546 | 3,938 | 4,508 | 4,767 | 5,180 | 5,629 | 6,161 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 217 | 277 | 263 | 385 | 250 | 464 | 560 | 614 |
| Cash from investing | -134 | -185 | -168 | -275 | 49 | -212 | -319 | -362 |
| Cash from financing | -77 | -76 | -79 | -83 | -365 | -239 | -238 | -240 |
| Net cash flow | 6 | 16 | 16 | 27 | -66 | 14 | 3 | 12 |
| Capital expenditure | -6 | -7 | -6 | -8 | -6 | -6 | -5 | -6 |
| Free cash flow | 211 | 270 | 257 | 377 | 245 | 458 | 556 | 609 |
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|
| Casualty | 56% | 47% | 48% | 53% | 59% | 45% | 55% | +7.7% |
| Property Insurance | 33% | 26% | 25% | 26% | 30% | 22% | 27% | -0.1% |
| Surety Insurance | 9% | 7% | 7% | 8% | 9% | 6% | 8% | -3.4% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Combined ratio | 86%For the quarter, we generated an 86% combined ratio.Source: earnings call transcript | 85.6%Underwriting income totaled $59.9 million for the quarter and our overall combined ratio was 85.6% compared to 84.5% last year.Source: earnings call transcript | -0.4 pt |
| Combined ratio Casualty | 97%In terms of the underwriting results, casualty posted a 97% combined ratio, outperforming 2025 by 2 points and inclusive of higher levels of favorable prior year development at $14.5 million.Source: earnings call transcript | 99.3%Underwriting profit for casualty resulted in a 99.3% combined ratio, bolstered by $13 million of favorable development on prior year's reserves.Source: earnings call transcript | +2.3 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
45 filings between Oct 31, 2025 and Jul 31, 2026.
Purchases
$1.42M
8 purchases by 4 insiders
Sales
None
No insider sold shares.
Also filed: 20 other filings.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Kliethermes Craig W | $807.3K | — | May 27, 2026 |
| Klobnak Jennifer L | $328.3K | — | May 27, 2026 |
| KELLOGG CLARK C | $152.7K | — | Jun 1, 2026 |
| Duclos David B. | $130.0K | — | May 28, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 31, 2026 | Roberts Debbie Sharell Director | Other | 408 | $25.0K |
| Jul 31, 2026 | MEDINI PAUL BENNETT Director | Other | 471 | $28.8K |
| Jun 1, 2026 | KELLOGG CLARK C Director | Purchase | 3,000 | $152.7K |
| May 28, 2026 | Duclos David B. Director | Purchase | 2,500 | $130.0K |
| May 27, 2026 | Kliethermes Craig W CHIEF EXECUTIVE OFFICER | Purchase | 5,000 | $260.0K |
| May 27, 2026 | Klobnak Jennifer L CHIEF OPERATING OFFICER | Purchase | 2,000 | $105.4K |
| May 21, 2026 | Kliethermes Craig W CHIEF EXECUTIVE OFFICER | Purchase | 5,000 | $260.0K |
| May 19, 2026 | Klobnak Jennifer L CHIEF OPERATING OFFICER | Purchase | 2,000 | $106.8K |
| May 13, 2026 | RESTREPO ROBERT P JR Director | Other | 68 | $0 |
| May 13, 2026 | KELLOGG CLARK C Director | Option exercise | 1,681 | $0 |
| May 13, 2026 | STONE MICHAEL J Director | Other | 68 | $0 |
| May 13, 2026 | RESTREPO ROBERT P JR Director | Option exercise | 1,681 | $0 |
| May 13, 2026 | Fleming Susan S. Director | Option exercise | 1,681 | $0 |
| May 13, 2026 | MEDINI PAUL BENNETT Director | Option exercise | 1,681 | $0 |
| May 13, 2026 | Roberts Debbie Sharell Director | Other | 68 | $0 |
| May 13, 2026 | Roberts Debbie Sharell Director | Option exercise | 1,681 | $0 |
| May 13, 2026 | STONE MICHAEL J Director | Option exercise | 1,681 | $0 |
| May 13, 2026 | Angelina Michael E Director | Other | 68 | $0 |
| May 13, 2026 | Angelina Michael E Director | Option exercise | 1,681 | $0 |
| May 13, 2026 | Duclos David B. Director | Option exercise | 2,353 | $0 |
| May 13, 2026 | Graham Jordan W Director | Other | 68 | $0 |
| May 13, 2026 | Duclos David B. Director | Other | 135 | $0 |
| May 13, 2026 | Fleming Susan S. Director | Other | 68 | $0 |
| May 13, 2026 | Graham Jordan W Director | Option exercise | 1,681 | $0 |
| May 13, 2026 | MEDINI PAUL BENNETT Director | Other | 68 | $0 |
| May 13, 2026 | KELLOGG CLARK C Director | Other | 68 | $0 |
| May 4, 2026 | Davis Seth Anthony VICE PRESIDENT, CONTROLLER | Other | 29 | $0 |
| May 4, 2026 | Davis Seth Anthony VICE PRESIDENT, CONTROLLER | Option exercise | 300 | $0 |
| May 4, 2026 | Davis Seth Anthony VICE PRESIDENT, CONTROLLER | Tax withheld | 146 | $7.4K |
| Apr 30, 2026 | Roberts Debbie Sharell Director | Other | 483 | $25.0K |
| Apr 30, 2026 | MEDINI PAUL BENNETT Director | Other | 507 | $26.2K |
| Apr 30, 2026 | Davis Seth Anthony VICE PRESIDENT, CONTROLLER | Tax withheld | 2,236 | $115.8K |
| Apr 30, 2026 | Davis Seth Anthony VICE PRESIDENT, CONTROLLER | Option exercise | 3,000 | $84.2K |
| Feb 2, 2026 | Roberts Debbie Sharell Director | Other | 426 | $25.0K |
| Feb 2, 2026 | MEDINI PAUL BENNETT Director | Other | 447 | $26.3K |
| Feb 2, 2026 | Fleming Susan S. Director | Other | 489 | $28.7K |
| Jan 23, 2026 | Kliethermes Craig W CHIEF EXECUTIVE OFFICER | Purchase | 5,000 | $287.3K |
| Jan 23, 2026 | Klobnak Jennifer L CHIEF OPERATING OFFICER | Purchase | 2,000 | $116.0K |
| Nov 25, 2025 | Diefenthaler Aaron Paul TREASURER, CHIEF INVEST. OFF. | Option exercise | 18,000 | $505.3K |
| Nov 25, 2025 | Diefenthaler Aaron Paul TREASURER, CHIEF INVEST. OFF. | Tax withheld | 12,376 | $791.3K |
| Nov 25, 2025 | Davis Seth Anthony VICE PRESIDENT, CONTROLLER | Tax withheld | 7,563 | $483.6K |
| Nov 25, 2025 | Davis Seth Anthony VICE PRESIDENT, CONTROLLER | Option exercise | 11,000 | $308.8K |
| Oct 31, 2025 | Roberts Debbie Sharell Director | Other | 424 | $25.0K |
| Oct 31, 2025 | MEDINI PAUL BENNETT Director | Other | 445 | $26.2K |
| Oct 31, 2025 | Fleming Susan S. Director | Other | 122 | $7.2K |
| Jul 31, 2025 | MEDINI PAUL BENNETT Director | Other | 398 | $26.3K |
| Jul 31, 2025 | Fleming Susan S. Director | Other | 109 | $7.2K |
| Jul 31, 2025 | Roberts Debbie Sharell Director | Other | 379 | $25.0K |
| Jul 24, 2025 | Klobnak Jennifer L CHIEF OPERATING OFFICER | Purchase | 3,000 | $207.5K |
| May 5, 2025 | Davis Seth Anthony VICE PRESIDENT, CONTROLLER | Option exercise | 300 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Free account. Everything above stays public.
Write why you follow RLI CORP and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading