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RLI Corp. RLI

RLI Corp. scores good on business quality (7.1 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$55.71Oct 9, 2026
Business qualityGood
Next earningsOct 19, 2026, after the close
Insiders, 90 daysQuiet

Why it matters

  1. What RLI Corp. does

    RLI Corp underwrites property and casualty insurance, generating revenue through specialized niche coverage paid for by commercial and personal policyholders. The firm is expanding its underwriting footprint while maintaining a dividend streak longer than 50 years.

  2. What it does best

    RLI excels at generating high returns on equity, posting an roe of 24.4% that outpaces peers like FAF at 13.6%. This underwriting discipline is hard to copy because of deeply entrenched specialty niches.

  3. The main risk

    Valuation is a clear hurdle given the price of $55.94 sits well above the intrinsic value of $42.27, leaving little room for error if underwriting margins compress.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityStrong

Operating margin sits at 28.5% and net margin at 22.2%, supported by efficient underwriting. This profitability expands as specialized scale improves, driving robust cash generation.

MoatStrong

Specialized underwriting expertise locks in commercial clients who require unique coverage. An roe in the top quartile of its sector reflects an underwriting moat rivals cannot easily replicate.

GrowthSlow

Revenue grew 6.3% to $1.9B, marking a steady continuation from prior years where revenue scaled from $984M in 2020. Growth remains modest compared to peers like KNSL at 17.6%.

Financial healthStrong

Debt is negligible with a debt-to-equity ratio of 0.1 and interest coverage at 59x, meaning debt costs are a rounding error. Free cash flow reached $517M, keeping the balance sheet getting stronger.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

No open market buys or unplanned sales by executives or directors.

Our sealed record on RLI

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is RLI a good business?

RLI Corp. scores good on the Cluenex quality check (7.1 of 10), measured against its own industry. Profitability is strong, moat strong, growth slow and financial health strong.

Are insiders buying RLI?

In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.

When does RLI report earnings?

Oct 19, 2026, after the close.

For members

See RLI today

  • Today's verdict on RLI, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “RLI Corp. (RLI)”, https://cluenex.com/stocks/rli/, data as of Oct 10, 2026.