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Schedule III-Supplementary Insurance Information
12 Months Ended
Dec. 31, 2021
Supplementary Insurance Information [Abstract]  
Schedule III-Supplementary Insurance Information

RLI CORP. AND SUBSIDIARIES

 

SCHEDULE III—SUPPLEMENTARY INSURANCE INFORMATION

 

As of and for the years ended December 31, 2021, 2020 and 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Incurred losses

 

 

 

Deferred policy

 

 

Unpaid losses

 

 

Unearned

 

 

Net

 

 

and settlement

 

 

 

acquisition

 

 

and settlement

 

 

premiums,

 

 

premiums

 

 

expenses

 

(in thousands)

 

costs

 

 

expenses, gross

 

 

gross

 

 

earned

 

 

current year

 

Year ended December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Casualty segment

 

$

55,760

 

 

$

1,760,469

 

 

$

438,248

 

 

$

633,639

 

 

$

420,259

 

Property segment

 

 

25,764

 

 

 

196,369

 

 

 

168,209

 

 

 

231,837

 

 

 

140,905

 

Surety segment

 

 

22,029

 

 

 

86,717

 

 

 

73,987

 

 

 

115,427

 

 

 

20,901

 

RLI Insurance Group

 

$

103,553

 

 

$

2,043,555

 

 

$

680,444

 

 

$

980,903

 

 

$

582,065

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Casualty segment

 

$

48,255

 

 

$

1,567,544

 

 

$

385,736

 

 

$

569,521

 

 

$

397,174

 

Property segment

 

 

19,655

 

 

 

150,008

 

 

 

131,274

 

 

 

183,720

 

 

 

124,375

 

Surety segment

 

 

20,515

 

 

 

32,497

 

 

 

69,376

 

 

 

112,506

 

 

 

22,388

 

RLI Insurance Group

 

$

88,425

 

 

$

1,750,049

 

 

$

586,386

 

 

$

865,747

 

 

$

543,937

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Casualty segment

 

$

47,805

 

 

$

1,435,619

 

 

$

354,118

 

 

$

558,458

 

 

$

392,653

 

Property segment

 

 

17,057

 

 

 

100,000

 

 

 

116,624

 

 

 

164,022

 

 

 

78,075

 

Surety segment

 

 

20,182

 

 

 

38,733

 

 

 

69,471

 

 

 

116,631

 

 

 

17,972

 

RLI Insurance Group

 

$

85,044

 

 

$

1,574,352

 

 

$

540,213

 

 

$

839,111

 

 

$

488,700

 

 

NOTE 1: Investment income is not allocated to the segments, therefore, net investment income has not been provided.

 

See the accompanying reports of independent registered public accounting firms starting on page 89 of this report.

RLI CORP. AND SUBSIDIARIES

 

SCHEDULE III—SUPPLEMENTARY INSURANCE INFORMATION

(continued)

 

As of and for the years ended December 31, 2021, 2020 and 2019

 

 

 

Incurred

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

losses and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

settlement

 

 

Policy

 

 

Other

 

 

Net

 

 

 

expenses

 

 

acquisition

 

 

operating

 

 

premiums

 

(in thousands)

 

prior year

 

 

costs

 

 

expenses

 

 

written

 

Year ended December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Casualty segment

 

$

(108,632

)

 

$

179,354

 

 

$

47,139

 

 

$

674,709

 

Property segment

 

 

(10,981

)

 

 

72,008

 

 

 

18,605

 

 

 

262,816

 

Surety segment

 

 

(5,850

)

 

 

66,106

 

 

 

11,163

 

 

 

120,008

 

RLI Insurance Group

 

$

(125,463

)

 

$

317,468

 

 

$

76,907

 

 

$

1,057,533

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Casualty segment

 

$

(75,075

)

 

$

162,058

 

 

$

40,937

 

 

$

583,244

 

Property segment

 

 

(13,019

)

 

 

59,926

 

 

 

15,620

 

 

 

196,603

 

Surety segment

 

 

(12,959

)

 

 

64,454

 

 

 

10,271

 

 

 

112,241

 

RLI Insurance Group

 

$

(101,053

)

 

$

286,438

 

 

$

66,828

 

 

$

892,088

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Casualty segment

 

$

(62,497

)

 

$

166,499

 

 

$

41,202

 

 

$

564,979

 

Property segment

 

 

(4,461

)

 

 

55,986

 

 

 

16,279

 

 

 

181,974

 

Surety segment

 

 

(8,326

)

 

 

66,212

 

 

 

11,949

 

 

 

113,384

 

RLI Insurance Group

 

$

(75,284

)

 

$

288,697

 

 

$

69,430

 

 

$

860,337

 

 

See the accompanying reports of independent registered public accounting firms starting on page 89 of this report.