RLI Corp. Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	403.34	345.78	304.61	583.41	279.35
Depreciation & Amortization	8.13	7.66	8.55	7.98	7.39
Gain (Loss) on Sale of Investments	-108.36	-101.7	-97.31	-467.48	-129.48
Change in Accounts Receivable	18.31	-9.33	-31.71	-22.22	7.35
Reinsurance Recoverable	8.63	1.92	-17.26	-132	-164.36
Change in Unearned Revenue	7.5	91.81	107.24	104.64	94.06
Change in Income Taxes	28.97	-3.01	7.29	-6.62	4.05
Change in Insurance Reserves / Liabilities	193.35	247.45	130.39	272.08	293.51
Change in Other Net Operating Assets	32.8	-5.66	37.71	-3.33	11.57
Other Operating Activities	28.18	23.78	32.66	-70.11	33.07
Operating Cash Flow	614.22	560.22	464.26	250.45	384.91
Operating Cash Flow Growth	9.64%	20.67%	85.37%	-34.93%	46.21%
Capital Expenditures	-5.52	-4.71	-5.91	-5.89	-8.31
Sale of Property, Plant & Equipment	-	0.01	0.03	0.38	-
Investment in Securities	-357.93	-308.77	-195.95	57.44	-262.69
Other Investing Activities	1.32	-5.41	-9.97	-3.05	-3.82
Investing Cash Flow	-362.13	-318.87	-211.8	48.88	-274.83
Long-Term Debt Issued	50	73	100	-	50
Total Debt Repaid	-50	-73	-200	-	-
Net Debt Issued (Repaid)	-	-	-100	-	50
Issuance of Common Stock	1.24	-	1.25	-	1.84
Common Dividends Paid	-241.56	-235.66	-48.83	-46.8	-135.33
Other Financing Activities	-	-2.33	-	-0.47	-
Financing Cash Flow	-240.32	-237.98	-238.85	-365.31	-83.49
Net Cash Flow	11.78	3.37	13.61	-65.99	26.59
Free Cash Flow	608.7	555.51	458.34	244.56	376.6
Free Cash Flow Growth	9.57%	21.20%	87.42%	-35.06%	46.26%
Free Cash Flow Margin	32.34%	31.38%	30.31%	14.40%	31.94%
Free Cash Flow Per Share	6.59	6.01	4.97	2.67	4.12
Cash Interest Paid	3	4	8	7	7
Cash Income Tax Paid	60.65	67.56	50.08	190	39
Levered Free Cash Flow	1,161	406.91	226.37	380.63	155.73
Unlevered Free Cash Flow	1,165	410.86	230.93	385.66	160.53
Change in Working Capital	279.02	276.71	225.36	206.49	231.63

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.