$55.94

-0.24 (-0.43%)

Weekly Expected Move ±2.7%

$53 $54 $56 $57 $59

NYSE · Financial Services · Insurance - Property & Casualty · Tech Score Strong Sell · Power 34 · $5.1B mcap · 81M float · 1.02% daily turnover · Short 57% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

44.7 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: 24.8% · 5Y Avg: 28.4%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. RLI shows a Weak competitive edge (44.7/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Intangible Assets. ROIC of 24.8% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$53

Low

$61

Avg Target

$74

High

Based on 3 analysts since Jul 22, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 3Hold: 7Sell: 2Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$61.33

Analysts3

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-08-25	Jefferies	Andrew Andersen	$52	$53	+1	-20.4%	$66.62
2026-07-29	Wells Fargo	—	$59	$57	-2	-12.4%	$65.10
2026-07-28	UBS	—	Initiated	$74	—	+13.5%	$65.19
2026-01-23	Truist Financial	—	$62	$58	-4	+2.2%	$56.74
2026-01-23	Wells Fargo	—	$62	$59	-3	+3.1%	$57.25
2026-01-23	Jefferies	—	$165	$52	-113	-9.2%	$57.25
2026-01-15	Wells Fargo	—	Initiated	$62	—	+4.3%	$59.43
2025-10-03	Truist Financial	—	Initiated	$62	—	-2.3%	$63.47
2024-10-23	RBC Capital	Mark Dwelle	$123	$165	+42	+3.7%	$159.05
2024-10-09	Wolfe Research	Bill Carcache	Initiated	$182	—	+19.7%	$152.10
2024-07-24	Compass Point	Casey Alexander	Initiated	$170	—	+18.3%	$143.69
2024-06-14	Jefferies	Andrew Andersen	Initiated	$165	—	+17.8%	$140.11
2022-04-22	RBC Capital	—	Initiated	$123	—	+3.4%	$118.98

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

A-

Oct 02, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. RLI receives an overall rating of A-. Strongest factors: DCF (5/5), ROE (5/5), ROA (5/5). Areas of concern: D/E (2/5), P/B (1/5).

Rating Change History

Date	From	To
2026-08-03	A	A-
2026-07-25	A+	A
2026-07-23	A	A+
2026-07-22	A-	A
2026-04-01	A	A-
2026-02-24	A-	A
2026-02-20	A	A-
2026-01-22	A-	A

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 64 Grade A+

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

100

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. RLI scores highest in Safety (100/100) and lowest in Balance Sheet (65/100). An overall grade of A+ places RLI among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman-I Score

8.71

Safe Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✓ ✗ ✗ ✓ ✓ ✓

Beneish M-Score

-3.24

Unlikely Manipulator

Ohlson O-Score

-6.26

Bankruptcy prob: 0.2%

Low Risk

Credit Rating

AA+

Score: 94.7/100

Trend: Stable

Earnings Quality

100/100

OCF/NI: 1.19x

Accruals: -1.4%

The Altman-I Score is adapted for insurance companies, emphasizing return on equity, tangible net worth, and cash reserves alongside the standard equity and earnings components. RLI scores 8.71, placing it in the Safe Zone (safe > 3.0, distress < 1.5). Bankruptcy is statistically unlikely within the next two years. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. RLI scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. RLI's score of -3.24 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. RLI's implied 0.2% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. RLI receives an estimated rating of AA+ (score: 94.7/100), with a stable trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). RLI's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

11.75x

PEG

0.33x

P/S

2.60x

P/B

2.94x

P/FCF

10.53x

P/OCF

10.39x

EV/EBITDA

9.65x

EV/Revenue

2.79x

EV/EBIT

9.67x

EV/FCF

10.64x

Earnings Yield

8.06%

FCF Yield

9.50%

Shareholder Yield

8.09%

Graham Number

$45.12

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 11.8x earnings, RLI trades at a reasonable valuation. An earnings yield of 8.1% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $45.12 per share, 24% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.799

NI / EBT

Interest Burden

0.964

EBT / EBIT

EBIT Margin

0.288

EBIT / Rev

Asset Turnover

0.318

Rev / Assets

Equity Multiplier

3.557

Assets / Equity

ROE

25.2%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. RLI's ROE of 25.2% is driven by financial leverage (equity multiplier: 3.56x). Note: high leverage means ROE is amplified by debt rather than operational performance.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

15.00%

Fair P/E

38.50x

Intrinsic Value

$183.27

Price/Value

0.32x

Margin of Safety

67.77%

Premium

-67.77%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with RLI's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. RLI trades at a -68% premium to its adjusted intrinsic value of $183.27, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 11.8x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$55.91

Median 1Y

$57.12

5th Pctile

$34.91

95th Pctile

$94.30

Ann. Volatility

28.5%

Analyst Target

$61.33

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Craig W. Kliethermes President & Chief Executive Officer	$677,596	$—	$7,691,732
Jennifer L. Klobnak Chief Operating Officer	$527,019	$—	$5,161,917
Todd W. Bryant Chief Financial Officer	$416,596	$—	$3,801,633
Aaron P. Diefenthaler Chief Investment Officer & Treasurer	$377,066	$—	$1,244,823
Jeffrey D. Fick Chief Legal Officer	$411,173	$—	$1,110,003

CEO Pay Ratio

199:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $7,691,732

Avg Employee Cost (SGA/emp): $38,692

Employees: 1,193

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

1,193

+4.0% YoY

Revenue / Employee

$1,577,911

Rev: $1,882,448,000

Profit / Employee

$338,086

NI: $403,337,000

SGA / Employee

$38,692

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	22.8%	23.6%	22.0%	14.9%	43.9%	48.5%	51.6%	59.6%	21.4%	23.5%	23.6%	23.0%	27.5%	23.6%	18.0%	19.5%	19.5%	24.4%	23.2%	25.2%	25.16%
ROA	6.5%	6.6%	6.1%	3.9%	12.0%	12.6%	13.7%	15.1%	5.6%	6.1%	6.6%	6.4%	7.7%	6.4%	5.1%	5.6%	5.9%	6.8%	6.5%	7.1%	7.07%
ROIC	-24.7%	-26.1%	-25.1%	-14.8%	-36.7%	-50.8%	-47.4%	-50.1%	-19.7%	-21.5%	62.0%	63.2%	26.5%	22.9%	61.8%	50.9%	1.1%	24.2%	2.0%	24.8%	24.77%
ROCE	7.6%	7.8%	7.3%	4.8%	14.0%	15.3%	16.4%	17.7%	7.0%	7.4%	7.9%	7.8%	9.2%	7.9%	6.1%	6.8%	7.1%	8.7%	22.2%	11.2%	11.17%
Gross Margin	11.4%	75.2%	20.8%	-6.5%	67.1%	70.0%	34.3%	26.4%	5.3%	67.8%	36.4%	25.8%	25.8%	14.6%	19.6%	32.0%	31.8%	34.2%	54.4%	67.0%	67.01%
Operating Margin	13.1%	35.7%	22.1%	-3.1%	64.5%	31.1%	33.6%	25.1%	4.5%	32.2%	36.0%	24.8%	24.9%	10.8%	19.3%	31.3%	30.9%	27.0%	15.9%	36.6%	36.61%
Net Margin	10.8%	29.1%	18.1%	-1.1%	51.2%	26.7%	27.1%	20.3%	4.1%	25.7%	28.8%	19.7%	20.2%	9.3%	15.5%	24.9%	24.5%	19.6%	12.9%	29.2%	29.19%
EBITDA Margin	13.8%	36.3%	22.9%	-2.1%	64.8%	31.7%	34.2%	25.7%	5.1%	32.5%	36.3%	25.2%	25.2%	11.1%	19.6%	31.6%	31.1%	27.2%	16.4%	37.4%	37.38%
FCF Margin	32.2%	31.8%	30.5%	35.6%	22.8%	14.4%	15.3%	16.1%	21.0%	30.1%	28.7%	26.0%	30.9%	31.4%	33.9%	34.4%	31.4%	32.5%	29.0%	26.2%	26.19%
OCF Margin	32.7%	32.5%	31.3%	36.3%	23.3%	14.7%	15.6%	16.4%	21.4%	30.5%	29.1%	26.5%	31.2%	31.6%	34.2%	34.4%	31.6%	32.6%	29.2%	26.5%	26.54%
ROE 3Y Avg	snapshot only																				21.67%
ROE 5Y Avg	snapshot only																				26.83%
ROA 3Y Avg	snapshot only																				6.12%
ROIC 3Y Avg	snapshot only																				19.67%
ROIC Economic	snapshot only																				22.32%
Cash ROA	snapshot only																				8.17%
Cash ROIC	snapshot only																				28.94%
CROIC	snapshot only																				28.55%
NOPAT Margin	snapshot only																				22.72%
Pretax Margin	snapshot only																				27.80%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				1.95%
SBC / Revenue	snapshot only																				0.10%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	14.31	15.68	17.04	26.68	6.94	9.42	8.80	8.04	19.93	18.76	19.18	17.98	16.00	21.15	25.44	19.91	16.48	14.63	13.31	12.41	11.752
P/S Ratio	3.29	3.70	3.73	4.22	2.42	3.22	3.09	2.91	3.97	3.75	3.99	3.71	3.78	4.13	4.13	3.55	3.13	3.13	2.77	2.76	2.600
P/B Ratio	3.07	3.56	3.76	4.35	2.89	4.67	4.28	4.25	4.41	4.04	4.21	3.84	3.84	4.81	4.46	3.71	3.10	3.32	2.93	3.11	2.942
P/FCF	10.23	11.63	12.23	11.86	10.62	22.46	20.27	18.08	18.94	12.47	13.90	14.25	12.22	13.17	12.16	10.31	9.97	9.66	9.55	10.53	10.529
P/OCF	10.08	11.38	11.92	11.61	10.41	21.93	19.89	17.77	18.51	12.31	13.73	14.02	12.11	13.06	12.06	10.29	9.94	9.61	9.50	10.39	10.388
EV/EBITDA	4.44	5.91	6.76	11.05	1.44	4.35	3.71	3.31	8.36	7.51	12.86	11.74	12.36	16.82	17.03	13.18	9.59	11.14	7.14	9.65	9.649
EV/Revenue	1.29	1.76	1.87	2.18	0.63	1.86	1.63	1.50	2.06	1.90	3.38	3.07	3.69	4.12	3.46	2.94	2.30	3.10	1.93	2.79	2.787
EV/EBIT	4.44	5.91	6.76	11.05	1.44	4.35	3.71	3.31	8.36	7.51	12.86	11.74	12.36	16.82	17.03	13.18	9.59	11.16	7.15	9.67	9.665
EV/FCF	4.00	5.53	6.12	6.13	2.78	12.95	10.68	9.34	9.82	6.30	11.77	11.79	11.92	13.14	10.20	8.55	7.31	9.54	6.65	10.64	10.643
Earnings Yield	7.0%	6.4%	5.9%	3.7%	14.4%	10.6%	11.4%	12.4%	5.0%	5.3%	5.2%	5.6%	6.2%	4.7%	3.9%	5.0%	6.1%	6.8%	7.5%	8.1%	8.06%
FCF Yield	9.8%	8.6%	8.2%	8.4%	9.4%	4.5%	4.9%	5.5%	5.3%	8.0%	7.2%	7.0%	8.2%	7.6%	8.2%	9.7%	10.0%	10.4%	10.5%	9.5%	9.50%
PEG Ratio	snapshot only																				0.334
Price/Tangible Book	snapshot only																				3.205
EV/OCF	snapshot only																				10.500
EV/Gross Profit	snapshot only																				5.868
Acquirers Multiple	snapshot only																				9.806
Shareholder Yield	snapshot only																				8.09%
Graham Number	snapshot only																				$45.12

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	—	—	—	—	—	—	—	—	—	—	—	—	143.30	0.79	—	—	—	1.33	0.75	0.48	0.478
Quick Ratio	—	—	—	—	—	—	—	—	—	—	—	—	143.30	0.79	—	—	—	1.33	0.75	0.48	0.478
Debt/Equity	0.12	0.16	0.17	0.19	0.14	0.34	0.15	0.15	0.08	0.14	0.07	0.06	0.06	0.07	0.06	0.06	0.05	0.06	0.19	0.17	0.169
Net Debt/Equity	-1.87	-1.87	-1.88	-2.10	-2.13	-1.98	-2.03	-2.05	-2.13	-2.00	-0.65	-0.66	-0.09	-0.01	-0.72	-0.63	-0.83	-0.04	-0.89	0.03	0.034
Debt/Assets	0.03	0.04	0.05	0.05	0.04	0.08	0.04	0.04	0.02	0.04	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.05	0.05	0.046
Debt/EBITDA	0.44	0.57	0.62	0.94	0.27	0.55	0.25	0.22	0.28	0.52	0.24	0.23	0.19	0.23	0.28	0.25	0.22	0.19	0.68	0.52	0.521
Net Debt/EBITDA	-6.91	-6.53	-6.75	-10.33	-4.07	-3.19	-3.33	-3.10	-7.76	-7.35	-2.33	-2.45	-0.31	-0.03	-3.26	-2.71	-3.48	-0.14	-3.11	0.10	0.103
Interest Coverage	44.36	45.85	41.20	26.90	91.46	90.56	98.57	110.83	44.80	52.67	60.97	66.20	85.28	68.53	58.24	69.93	80.38	97.48	80.31	60.14	60.136
Equity Multiplier	3.55	3.67	3.82	4.22	3.74	4.05	3.71	3.75	3.91	3.66	3.51	3.48	3.31	3.70	3.57	3.45	3.33	3.47	3.56	3.66	3.660
Cash Ratio	snapshot only																				0.181
Debt Service Coverage	snapshot only																				60.240
Cash to Debt	snapshot only																				0.802
FCF to Debt	snapshot only																				1.741
Defensive Interval	snapshot only																				489.7 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.28	0.28	0.28	0.25	0.35	0.37	0.39	0.42	0.28	0.31	0.32	0.31	0.33	0.33	0.31	0.32	0.31	0.32	0.31	0.32	0.318
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	1.74	1.70	1.65	1.36	1.90	2.00	2.11	2.18	1.43	1.60	1.64	1.62	2.76	2.93	1.70	1.74	2.99	8.50	1.92	3.08	3.081
Payables Turnover	20.77	17.01	27.83	20.40	18.10	15.95	31.61	24.28	17.67	14.76	32.31	28.03	21.69	22.65	43.30	38.78	35.01	30.99	46.39	63.26	63.265
DSO	210	215	221	268	192	183	173	167	255	229	222	226	132	125	215	210	122	43	190	118	118.5 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	18	21	13	18	20	23	12	15	21	25	11	13	17	16	8	9	10	12	8	6	5.8 days
Cash Conversion Cycle	192	193	208	250	172	160	161	152	234	204	211	213	115	109	206	201	112	31	182	113	112.7 days
Fixed Asset Turnover	snapshot only																				48.497
Cash Velocity	snapshot only																				8.288
Capital Intensity	snapshot only																				3.248

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	23.0%	19.8%	0.4%	-7.0%	43.0%	44.0%	55.4%	83.3%	-13.2%	-10.6%	-11.1%	-17.0%	23.0%	16.2%	8.1%	10.9%	4.5%	6.3%	9.5%	8.7%	8.69%
Net Income	1.1%	77.8%	-12.7%	-39.4%	1.2%	1.1%	1.5%	3.2%	-50.4%	-47.8%	-47.4%	-52.7%	45.8%	13.5%	-15.8%	-4.3%	-15.9%	16.6%	40.5%	35.6%	35.64%
EPS	1.1%	77.2%	-12.8%	-39.0%	1.2%	1.1%	1.5%	3.1%	-50.8%	-47.9%	-47.5%	-52.8%	45.3%	13.1%	-15.9%	-4.5%	-15.7%	16.9%	41.0%	36.2%	36.16%
FCF	52.6%	46.3%	9.1%	13.1%	1.3%	-35.1%	-22.3%	-17.0%	-20.2%	87.4%	67.1%	34.2%	81.5%	21.2%	27.8%	46.5%	6.2%	10.0%	-6.4%	-17.3%	-17.25%
EBITDA	1.1%	78.3%	-12.5%	-40.0%	1.2%	1.1%	1.5%	3.2%	-51.4%	-47.2%	-46.9%	-52.2%	48.9%	12.8%	-16.4%	-5.4%	-15.9%	20.6%	45.6%	40.7%	40.74%
Op. Income	1.2%	81.4%	-12.8%	-40.9%	1.2%	1.1%	1.5%	3.3%	-51.9%	-47.7%	-47.2%	-52.5%	50.5%	13.3%	-16.5%	-5.3%	-16.0%	21.2%	46.4%	40.5%	40.50%
OCF Growth	snapshot only																				-16.25%
Asset Growth	snapshot only																				7.05%
Equity Growth	snapshot only																				1.01%
Debt Growth	snapshot only																				1.97%
Shares Change	snapshot only																				-0.39%
Dividend Growth	snapshot only																				80.30%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	10.7%	13.0%	8.9%	5.5%	22.2%	19.2%	28.0%	28.9%	15.1%	15.6%	11.5%	12.3%	15.1%	14.4%	14.3%	19.1%	3.7%	3.4%	1.7%	0.0%	0.03%
Revenue 5Y	7.4%	7.7%	7.4%	5.8%	15.7%	16.3%	18.0%	19.4%	11.0%	13.2%	12.3%	12.3%	14.2%	12.0%	15.0%	14.5%	14.4%	13.8%	10.4%	11.3%	11.29%
EPS 3Y	22.9%	61.8%	28.6%	10.8%	69.8%	44.4%	1.1%	81.9%	30.9%	24.2%	4.3%	6.0%	15.7%	7.0%	3.0%	23.1%	-15.5%	-11.7%	-14.6%	-15.0%	-15.02%
EPS 5Y	17.5%	18.7%	19.1%	10.7%	47.8%	40.0%	44.6%	46.0%	14.6%	35.6%	22.5%	21.6%	28.5%	12.1%	33.3%	22.1%	22.4%	20.5%	6.1%	9.1%	9.14%
Net Income 3Y	23.5%	63.3%	29.4%	10.9%	70.3%	44.9%	1.1%	83.0%	31.5%	24.7%	4.6%	6.4%	16.1%	7.4%	3.4%	23.9%	-15.3%	-11.6%	-14.6%	-15.0%	-14.99%
Net Income 5Y	18.1%	19.4%	19.7%	11.1%	48.7%	40.9%	45.5%	46.9%	15.2%	36.5%	23.2%	22.1%	29.0%	12.5%	34.1%	22.6%	22.8%	20.8%	6.3%	9.3%	9.32%
EBITDA 3Y	36.5%	67.4%	31.1%	11.9%	71.8%	44.7%	1.2%	83.3%	31.1%	24.9%	4.7%	6.6%	16.2%	7.2%	3.2%	24.0%	-15.3%	-10.5%	-13.5%	-14.0%	-13.97%
EBITDA 5Y	14.4%	16.4%	17.2%	9.2%	47.4%	51.3%	58.2%	60.0%	21.8%	38.7%	24.2%	23.1%	29.7%	12.5%	34.8%	22.8%	23.0%	21.5%	6.9%	10.0%	10.02%
Gross Profit 3Y	23.1%	36.8%	19.8%	7.5%	51.6%	35.0%	69.6%	59.3%	22.8%	21.0%	6.9%	8.8%	16.3%	-0.4%	-4.4%	10.1%	-18.6%	-13.7%	-9.0%	-4.0%	-3.99%
Gross Profit 5Y	9.5%	10.9%	10.9%	5.5%	32.7%	34.9%	39.0%	41.4%	16.2%	24.9%	18.6%	18.1%	22.8%	5.0%	14.0%	10.2%	11.6%	12.8%	8.4%	15.5%	15.48%
Op. Income 3Y	38.1%	72.1%	32.4%	12.3%	74.2%	45.8%	1.2%	86.1%	32.3%	25.7%	4.9%	6.8%	16.6%	7.5%	3.4%	25.0%	-15.3%	-10.4%	-13.6%	-14.2%	-14.17%
Op. Income 5Y	14.9%	17.0%	17.8%	9.5%	49.3%	53.5%	61.0%	62.6%	22.7%	41.0%	25.2%	23.9%	30.8%	12.9%	37.0%	23.7%	24.0%	22.2%	7.1%	10.1%	10.14%
FCF 3Y	21.6%	21.3%	16.0%	20.8%	17.3%	-3.2%	5.7%	8.6%	7.2%	21.2%	12.3%	8.0%	13.6%	13.8%	18.4%	17.7%	15.4%	35.7%	26.0%	17.6%	17.62%
FCF 5Y	22.0%	18.9%	18.9%	18.1%	15.4%	5.4%	7.3%	8.1%	7.8%	16.8%	15.2%	14.5%	18.5%	15.5%	20.3%	20.3%	18.9%	18.9%	11.1%	8.8%	8.84%
OCF 3Y	21.0%	21.0%	16.1%	20.7%	17.2%	-3.3%	5.3%	8.2%	6.9%	20.8%	12.3%	8.0%	13.4%	13.3%	17.7%	17.0%	14.8%	34.9%	25.4%	17.5%	17.46%
OCF 5Y	19.8%	17.1%	17.2%	16.9%	14.4%	4.9%	6.8%	7.7%	7.6%	16.4%	14.9%	14.3%	18.2%	15.1%	19.8%	19.6%	18.2%	18.5%	10.9%	8.8%	8.78%
Assets 3Y	13.0%	13.2%	10.8%	9.3%	14.1%	10.4%	12.7%	11.9%	10.3%	9.6%	10.4%	8.8%	9.3%	7.7%	9.1%	10.8%	6.2%	8.9%	9.8%	8.2%	8.18%
Assets 5Y	8.8%	10.2%	9.5%	8.8%	12.0%	10.1%	10.8%	11.0%	10.6%	10.8%	10.5%	10.3%	10.6%	9.7%	11.1%	10.6%	10.5%	9.4%	10.0%	8.4%	8.42%
Equity 3Y	12.8%	15.1%	8.8%	2.8%	11.7%	5.8%	12.5%	8.7%	5.7%	7.6%	9.6%	8.5%	11.8%	7.4%	11.6%	18.4%	10.4%	14.7%	11.3%	9.0%	9.03%
Book Value 3Y	12.1%	14.0%	8.2%	2.7%	11.4%	5.3%	11.6%	8.1%	5.2%	7.2%	9.2%	8.1%	11.4%	7.0%	11.2%	17.7%	10.1%	14.6%	11.2%	9.0%	9.00%
Dividend 3Y	0.3%	14.4%	14.7%	15.2%	14.9%	38.6%	37.9%	38.2%	38.2%	-27.6%	-27.5%	-27.4%	-27.3%	18.5%	18.6%	18.2%	18.6%	0.7%	0.7%	21.5%	21.52%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.77	0.80	0.75	0.77	0.74	0.76	0.76	0.65	0.75	0.81	0.77	0.64	0.83	0.81	0.78	0.67	0.81	0.81	0.72	0.61	0.606
Earnings Stability	0.51	0.60	0.54	0.45	0.67	0.73	0.70	0.58	0.47	0.56	0.54	0.42	0.48	0.29	0.21	0.20	0.20	0.19	0.01	0.06	0.062
Margin Stability	0.85	0.80	0.77	0.85	0.68	0.72	0.64	0.65	0.73	0.70	0.77	0.72	0.76	0.75	0.63	0.66	0.71	0.71	0.71	0.71	0.711
Rev. Growth Consistency	1.00	0.50	1.00	0.00	1.00	1.00	1.00	0.50	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	0.50	0.00	0.00	1.00	1.00	0.50	0.50	0.00	0.00	0.00	0.00	0.50	0.50	0.00	0.00	0.00	1.00	0.50	0.50	0.500
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.50	0.95	0.84	0.50	0.50	0.50	0.50	0.50	0.81	0.81	0.50	0.82	0.95	0.94	0.98	0.94	0.93	0.84	0.86	0.857
Earnings Smoothness	0.28	0.44	0.86	0.51	0.26	0.30	0.14	0.00	0.33	0.37	0.38	0.29	0.63	0.87	0.83	0.96	0.83	0.85	0.66	0.70	0.698
ROE Trend	0.10	0.06	0.06	-0.01	0.25	0.31	0.25	0.33	-0.09	-0.15	-0.13	-0.13	-0.08	-0.13	-0.18	-0.18	-0.04	0.01	0.02	0.05	0.050
Gross Margin Trend	0.10	0.06	0.05	-0.04	0.19	0.16	0.13	0.19	-0.10	-0.09	-0.08	-0.06	-0.04	-0.18	-0.23	-0.21	-0.12	-0.01	0.09	0.18	0.178
FCF Margin Trend	0.06	0.05	0.03	0.07	-0.06	-0.15	-0.14	-0.16	-0.07	0.07	0.06	0.00	0.09	0.09	0.12	0.13	0.06	0.02	-0.02	-0.04	-0.040
Sustainable Growth Rate	15.2%	12.2%	10.3%	3.0%	33.6%	18.2%	21.9%	29.1%	-5.8%	12.7%	13.7%	13.4%	18.2%	7.5%	2.8%	5.1%	6.2%	9.8%	9.0%	0.6%	0.59%
Internal Growth Rate	4.5%	3.5%	2.9%	0.8%	10.1%	4.9%	6.2%	7.9%	—	3.4%	3.9%	3.9%	5.4%	2.1%	0.8%	1.5%	1.9%	2.8%	2.6%	0.2%	0.17%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	1.42	1.38	1.43	2.30	0.67	0.43	0.44	0.45	1.08	1.52	1.40	1.28	1.32	1.62	2.11	1.93	1.66	1.52	1.40	1.19	1.195
FCF/OCF	0.98	0.98	0.97	0.98	0.98	0.98	0.98	0.98	0.98	0.99	0.99	0.98	0.99	0.99	0.99	1.00	1.00	0.99	0.99	0.99	0.987
FCF/Net Income	snapshot only																				1.179
OCF/EBITDA	snapshot only																				0.919
CapEx/Revenue	0.5%	0.7%	0.8%	0.8%	0.5%	0.3%	0.3%	0.3%	0.5%	0.4%	0.4%	0.4%	0.3%	0.3%	0.3%	0.0%	0.1%	0.2%	0.2%	0.4%	0.36%
CapEx/Depreciation	snapshot only																				7.157
Accruals Ratio	-0.03	-0.02	-0.03	-0.05	0.04	0.07	0.08	0.08	-0.00	-0.03	-0.03	-0.02	-0.02	-0.04	-0.06	-0.05	-0.04	-0.04	-0.03	-0.01	-0.014
Sloan Accruals	snapshot only																				-0.111
Cash Flow Adequacy	snapshot only																				1.204
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	2.3%	3.1%	3.1%	3.0%	3.4%	6.6%	6.5%	6.4%	6.4%	2.5%	2.2%	2.3%	2.1%	3.2%	3.3%	3.7%	4.1%	4.1%	4.6%	7.9%	8.37%
Dividend/Share	$0.98	$1.48	$1.49	$1.50	$1.49	$3.97	$3.97	$3.97	$3.98	$1.52	$1.52	$1.53	$1.54	$2.55	$2.56	$2.58	$2.60	$2.62	$2.63	$4.65	$4.68
Payout Ratio	33.4%	48.4%	53.4%	80.1%	23.5%	62.5%	57.6%	51.2%	1.3%	46.0%	42.1%	41.9%	34.0%	68.2%	84.3%	73.7%	68.0%	59.9%	61.4%	97.6%	97.64%
FCF Payout Ratio	23.9%	35.9%	38.3%	35.6%	36.0%	1.5%	1.3%	1.2%	1.2%	30.6%	30.5%	33.2%	25.9%	42.4%	40.3%	38.2%	41.1%	39.5%	44.1%	82.9%	82.85%
Total Payout Ratio	33.4%	48.4%	53.4%	80.1%	23.5%	62.5%	57.6%	51.2%	1.3%	46.0%	42.1%	41.9%	34.0%	68.2%	84.3%	73.7%	68.0%	59.9%	61.4%	1.0%	1.00%
Div. Increase Streak	1	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	1	1	1	0
Chowder Number	0.05	0.57	0.57	0.56	0.56	1.76	1.76	1.75	1.74	-0.59	-0.59	-0.59	-0.59	0.71	0.72	0.72	0.73	0.07	0.07	0.87	0.875
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.2%	0.22%
Net Buyback Yield	-0.0%	-0.0%	-0.1%	-0.1%	-0.1%	-0.0%	-0.0%	-0.0%	-0.0%	-0.0%	-0.1%	-0.1%	-0.0%	-0.0%	-0.1%	-0.1%	-0.1%	-0.0%	-0.0%	0.2%	0.19%
Total Shareholder Return	2.3%	3.0%	3.1%	2.9%	3.3%	6.6%	6.5%	6.3%	6.4%	2.4%	2.1%	2.3%	2.1%	3.2%	3.3%	3.6%	4.0%	4.1%	4.6%	8.1%	8.06%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.81	0.81	0.81	0.83	0.80	0.81	0.81	0.80	0.83	0.81	0.81	0.80	0.80	0.81	0.81	0.81	0.80	0.80	0.80	0.80	0.799
Interest Burden (EBT/EBIT)	0.98	0.98	0.98	0.96	0.99	0.99	0.99	0.99	0.98	0.98	0.98	0.98	0.99	0.99	0.98	0.99	0.99	0.97	0.97	0.96	0.964
EBIT Margin	0.29	0.30	0.28	0.20	0.44	0.43	0.44	0.45	0.25	0.25	0.26	0.26	0.30	0.25	0.20	0.22	0.24	0.28	0.27	0.29	0.288
Asset Turnover	0.28	0.28	0.28	0.25	0.35	0.37	0.39	0.42	0.28	0.31	0.32	0.31	0.33	0.33	0.31	0.32	0.31	0.32	0.31	0.32	0.318
Equity Multiplier	3.50	3.57	3.63	3.80	3.65	3.85	3.76	3.95	3.82	3.84	3.60	3.60	3.57	3.68	3.54	3.47	3.32	3.57	3.57	3.56	3.557

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$2.93	$3.05	$2.78	$1.88	$6.34	$6.35	$6.89	$7.76	$3.12	$3.31	$3.61	$3.66	$4.54	$3.74	$3.04	$3.50	$3.82	$4.37	$4.28	$4.76	$4.76
Book Value/Share	$13.68	$13.44	$12.62	$11.51	$15.23	$12.81	$14.16	$14.68	$14.10	$15.34	$16.47	$17.16	$18.91	$16.46	$17.34	$18.75	$20.30	$19.28	$19.49	$19.01	$19.01
Tangible Book/Share	$13.10	$12.86	$12.03	$10.92	$14.64	$12.23	$13.58	$14.10	$13.52	$14.76	$15.89	$16.58	$18.33	$15.88	$16.76	$18.17	$19.72	$18.70	$16.99	$18.43	$18.43
Revenue/Share	$12.74	$12.94	$12.70	$11.86	$18.19	$18.54	$19.59	$21.42	$15.68	$16.54	$17.37	$17.74	$19.22	$19.15	$18.73	$19.64	$20.10	$20.41	$20.60	$21.42	$21.42
FCF/Share	$4.10	$4.12	$3.87	$4.22	$4.15	$2.66	$2.99	$3.45	$3.29	$4.97	$4.99	$4.62	$5.94	$6.01	$6.36	$6.75	$6.32	$6.63	$5.97	$5.61	$5.61
OCF/Share	$4.16	$4.21	$3.98	$4.31	$4.23	$2.72	$3.05	$3.51	$3.36	$5.04	$5.05	$4.69	$6.00	$6.06	$6.41	$6.76	$6.34	$6.66	$6.00	$5.69	$5.69
Cash/Share	$27.19	$27.32	$25.86	$26.38	$34.69	$29.66	$30.85	$32.33	$31.06	$32.85	$11.72	$12.45	$2.86	$1.24	$13.50	$12.96	$17.86	$1.87	$21.08	$2.58	$2.58
EBITDA/Share	$3.70	$3.85	$3.51	$2.34	$7.99	$7.93	$8.61	$9.73	$3.86	$4.17	$4.56	$4.64	$5.73	$4.69	$3.81	$4.38	$4.82	$5.67	$5.57	$6.19	$6.19
Debt/Share	$1.64	$2.18	$2.18	$2.20	$2.18	$4.35	$2.17	$2.17	$1.09	$2.17	$1.08	$1.08	$1.08	$1.08	$1.08	$1.08	$1.08	$1.08	$3.77	$3.22	$3.22
Net Debt/Share	$-25.55	$-25.14	$-23.68	$-24.18	$-32.50	$-25.31	$-28.68	$-30.16	$-29.97	$-30.68	$-10.64	$-11.37	$-1.77	$-0.16	$-12.42	$-11.88	$-16.77	$-0.78	$-17.31	$0.64	$0.64

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman-I Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	8.709
Altman Z-Prime	snapshot only																				2.081
Piotroski F-Score	6	6	3	4	5	4	6	6	4	4	5	4	7	6	5	6	7	9	7	7	7
Beneish M-Score	-1.88	-2.33	-1.99	-5.44	-1.20	-1.93	-2.13	-2.37	4.55	-2.51	-2.45	-2.39	-3.44	-1.35	-2.24	-2.80	-0.05	-4.79	-2.91	-3.24	-3.238
Ohlson O-Score	snapshot only																				-6.263
Net-Net WC	snapshot only																				$-43.76
EVA	snapshot only																				$267435341.79

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				AA+
Credit Score	95.08	95.55	95.56	96.16	95.96	94.75	96.15	96.30	95.90	96.19	96.18	95.64	95.80	95.81	96.08	95.37	94.67	94.40	94.63	94.71	94.706
Credit Grade	snapshot only																				2
Credit Trend	snapshot only																				-0.661
Implied Spread (bps)	snapshot only																				65.000
Industry Credit Rank	snapshot only																				83
Sector Credit Rank	snapshot only																				96

RLI NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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