RLI: the cashflow

MyFinsight

For the year ending 2025-12-31, RLI had $11,775K increase in cash & cash equivalents over the period. $608,698K in free cash flow.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Cash Flow	2025-12-31
Net earnings	403,337
Net realized gains	65,116
Net unrealized gains on equity securities	43,247
Depreciation	8,129
Deferred income tax expense	12,627
Other items, net	-15,552
Accrued investment income	1,707
Premiums and reinsurance balances receivable (net of direct write-offs)	-18,308
Reinsurance balances payable	-4,101
Funds held	-29,862
Ceded unearned premiums	-286
Reinsurance balances recoverable on unpaid losses and settlement expenses	-8,627
Deferred policy acquisition costs	6,434
Accrued expenses	4,355
Unpaid losses and settlement expenses	193,349
Unearned premiums	7,496
Current income taxes payable	28,974
Undistributed earnings	-3,924
Net cash provided by operating activities	614,221
Fixed income securities, available-for-sale	1,278,007
Equity securities	171,520
Property and equipment	5,523
Other	4,721
Fixed income securities, available-for-sale	561,397
Equity securities	115,731
Equity method investee	2,611
Other	6,044
Fixed income, available-for-sale	457,507
Net sale (purchase) of short-term investments	45,647
Net cash used in investing activities	-362,128
Proceeds from issuance of debt	50,000
Repayment of debt	50,000
Proceeds from stock option exercises	1,244
Cash dividends paid	241,562
Net cash used in financing activities	-240,318
Net increase (decrease) in cash	11,775
Cash at beginning of year	39,790
Cash at end of year	51,565

Unit: Thousand (K) dollars