How does RLI (RLI) make money?

RLI (RLI) generates revenue primarily from Casualty Segment, which accounted for 59.8% of total revenue in TTM through Q1 2026. The company reported $1.90B in revenue and converted 20.8% of it into net profit, equivalent to roughly $395.01M in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of RLI (RLI)?

RLI (RLI) reported a gross profit margin of 37.5% in TTM through Q1 2026, equivalent to $712.18M in gross profit on $1.90B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of RLI (RLI)?

RLI (RLI) reported an operating profit margin of 26.7% in TTM through Q1 2026, equivalent to $506.98M in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of RLI (RLI)?

RLI (RLI) reported a net profit margin of 20.8% in TTM through Q1 2026, equivalent to $395.01M in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is RLI (RLI) profitable?

Yes. RLI (RLI) reported $395.01M in net income for TTM through Q1 2026, with a net profit margin of 20.8%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does RLI (RLI) spend on capital expenditures?

RLI (RLI) spent $5.53M on capital expenditures (CapEx) during TTM through Q1 2026, roughly 0.3% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does RLI (RLI) generate?

RLI (RLI) generated $548.00M in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 28.9%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of RLI (RLI)?

RLI (RLI) had an effective tax rate of 20.2% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of RLI (RLI)?

RLI (RLI) reports revenue across 3 reportable product segments, led by Casualty Segment at 59.8% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How RLI Makes Money: 2026 Visual Revenue Map

RLI (RLI) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 24, 2026).

RLI discloses geographic revenue only in annual filings. to view the full breakdown.

RLI (RLI) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for RLI (RLI) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Casualty Segment	$1.14B	59.8%
Property Insurance Segment	$590.62M	31.1%
Surety Insurance Segment	$172.26M	9.1%
Total	$1.90B	100%

Casualty Segment$1.14B
Property Insurance Segment$590.62M
Surety Insurance Segment$172.26M
Total$1.90B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, RLI (RLI) reports revenue across 3 operating segments; the largest segment was Casualty Segment at 59.8%, followed by Property Insurance Segment (31.1%) and Surety Insurance Segment (9.1%).

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