RLI Historical Income Statement
| RLI Stock | USD 178.03 2.02 1.15% |
Historical analysis of RLI Corp income statement accounts such as Total Operating Expenses of 1.6 B, Net Income of 319.8 M, Income Tax Expense of 76.3 M or Depreciation And Amortization of 4.6 M can show how well RLI Corp performed in making a profits. Evaluating RLI Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of RLI Corp's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining RLI Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether RLI Corp is a good buy for the upcoming year.
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About RLI Income Statement Analysis
RLI Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to RLI Corp shareholders. The income statement also shows RLI investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
RLI Corp Income Statement Chart
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Total Revenue
Total revenue comprises all receipts RLI Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of RLI Corp minus its cost of goods sold. It is profit before RLI Corp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of RLI Corp. It is also known as RLI Corp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Operating Income
Operating Income is the amount of profit realized from RLI Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of RLI Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in RLI Corp financial statement analysis. It represents the amount of money remaining after all of RLI Corp operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Most accounts from RLI Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into RLI Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RLI Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more detail on how to invest in RLI Stock please use our How to Invest in RLI Corp guide.As of now, RLI Corp's Total Operating Expenses is increasing as compared to previous years. The RLI Corp's current Net Income is estimated to increase to about 319.8 M, while Interest Expense is projected to decrease to under 4.9 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 1.2B | 1.7B | 1.5B | 1.6B | Total Revenue | 1.2B | 1.7B | 1.5B | 1.6B |
RLI Corp income statement Correlations
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RLI Corp Account Relationship Matchups
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RLI Corp income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 7.6M | 7.6M | 7.7M | 8.0M | 7.3M | 4.9M | |
| Total Revenue | 1.0B | 983.6M | 1.2B | 1.7B | 1.5B | 1.6B | |
| Gross Profit | 1.0B | 983.6M | 1.2B | 1.7B | 1.5B | 1.6B | |
| Other Operating Expenses | 770.9M | 793.8M | 834.9M | 977.3M | 1.5B | 1.6B | |
| Operating Income | 232.7M | 189.8M | 344.3M | 720.8M | (28.2M) | (26.8M) | |
| Ebit | 232.7M | 176.8M | 314.7M | 728.7M | (14.1M) | (13.4M) | |
| Ebitda | 240.9M | 184.6M | 322.3M | 736.7M | (5.5M) | (5.3M) | |
| Total Operating Expenses | (770.9M) | (793.8M) | (834.9M) | 82.2M | 1.5B | 1.6B | |
| Net Income | 191.6M | 157.1M | 279.4M | 583.4M | 304.6M | 319.8M | |
| Income Tax Expense | 41.1M | 32.8M | 65.0M | 137.3M | 72.7M | 76.3M | |
| Depreciation And Amortization | 8.2M | 7.8M | 7.6M | 8.0M | 8.5M | 4.6M | |
| Income Before Tax | 232.7M | 189.8M | 344.3M | 720.7M | 377.3M | 396.1M | |
| Total Other Income Expense Net | 211.8M | 210.1M | 381.4M | 562.9M | 405.4M | 425.7M | |
| Selling General Administrative | 12.7M | 10.3M | 13.3M | 12.9M | 15.9M | 11.7M | |
| Cost Of Revenue | (3.6M) | (2.2M) | 687.7M | (14.1M) | (12.7M) | (12.0M) | |
| Net Income Applicable To Common Shares | 191.6M | 157.1M | 279.4M | 583.4M | 670.9M | 704.5M | |
| Net Income From Continuing Ops | 191.6M | 157.1M | 279.4M | 583.4M | 287.8M | 199.9M | |
| Non Operating Income Net Other | 21.0M | 20.2M | 37.1M | 9.9M | 11.3M | 16.0M | |
| Tax Provision | 41.1M | 32.8M | 65.0M | 137.3M | 60.0M | 51.4M | |
| Interest Income | 13.4M | 12.6M | 29.4M | 1.8M | 126.6M | 133.0M | |
| Net Interest Income | (7.6M) | (7.6M) | (7.7M) | (8.0M) | (7.9M) | (8.3M) | |
| Reconciled Depreciation | 8.2M | 7.4M | 7.4M | 8.0M | 8.5M | 8.4M |
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When determining whether RLI Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of RLI Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Rli Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Rli Corp Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RLI Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more detail on how to invest in RLI Stock please use our How to Invest in RLI Corp guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of RLI Corp. If investors know RLI will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about RLI Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 6.103 | Dividend Share 1.12 | Earnings Share 9.08 | Revenue Per Share 38.608 | Quarterly Revenue Growth 0.417 |
The market value of RLI Corp is measured differently than its book value, which is the value of RLI that is recorded on the company's balance sheet. Investors also form their own opinion of RLI Corp's value that differs from its market value or its book value, called intrinsic value, which is RLI Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because RLI Corp's market value can be influenced by many factors that don't directly affect RLI Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between RLI Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if RLI Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RLI Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.