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RLI Corp. – ‘10-K’ for 12/31/23 – ‘EX-23.1’

On:  Friday, 2/23/24, at 11:54am ET   ·   For:  12/31/23   ·   Accession #:  1558370-24-1599   ·   File #:  1-09463

Previous ‘10-K’:  ‘10-K’ on 2/24/23 for 12/31/22   ·   Latest ‘10-K’:  This Filing   ·   8 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/23/24  RLI Corp.                         10-K       12/31/23  121:34M                                    Toppan Merrill Bridge/FA

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   8.26M 
 2: EX-4.1      Instrument Defining the Rights of Security Holders  HTML     49K 
 3: EX-21.1     Subsidiaries List                                   HTML     42K 
 4: EX-23.1     Consent of Expert or Counsel                        HTML     35K 
 9: EX-97.1     Clawback Policy re: Recovery of Erroneously         HTML     51K 
                Awarded Compensation                                             
 5: EX-31.1     Certification -- §302 - SOA'02                      HTML     39K 
 6: EX-31.2     Certification -- §302 - SOA'02                      HTML     39K 
 7: EX-32.1     Certification -- §906 - SOA'02                      HTML     37K 
 8: EX-32.2     Certification -- §906 - SOA'02                      HTML     37K 
15: R1          Document and Entity Information                     HTML    107K 
16: R2          Consolidated Balance Sheets                         HTML    144K 
17: R3          Consolidated Balance Sheets (Parenthetical)         HTML     62K 
18: R4          Consolidated Statements of Earnings and             HTML    126K 
                Comprehensive Earnings                                           
19: R5          Consolidated Statements of Shareholders' Equity     HTML     82K 
20: R6          Consolidated Statements of Shareholders' Equity     HTML     37K 
                (Parenthetical)                                                  
21: R7          Consolidated Statements of Cash Flows               HTML    149K 
22: R8          Summary of Significant Accounting Policies          HTML    229K 
23: R9          Investments                                         HTML    579K 
24: R10         Policy Acquisition Costs                            HTML     79K 
25: R11         Debt                                                HTML     44K 
26: R12         Reinsurance                                         HTML    149K 
27: R13         Historical Loss And LAE Development                 HTML   2.03M 
28: R14         Income Taxes                                        HTML    137K 
29: R15         Employee Benefits                                   HTML    116K 
30: R16         Statutory Information and Dividend Restrictions     HTML     55K 
31: R17         Commitments And Contingent Liabilities              HTML     40K 
32: R18         Leases                                              HTML     97K 
33: R19         Operating Segment Information                       HTML    209K 
34: R20         Acquisitions and Dispositions                       HTML     38K 
35: R21         Schedule I-Summary Of Investments-Other than        HTML    102K 
                Investments in Related Parties                                   
36: R22         Schedule II -Condensed Financial Information of     HTML    243K 
                Registrant (Parent Company)                                      
37: R23         Schedule III-Supplementary Insurance Information    HTML    192K 
38: R24         Schedule IV-Reinsurance                             HTML    119K 
39: R25         Schedule V-Valuation and Qualifying Accounts        HTML     65K 
40: R26         Schedule VI-Supplementary Information Concerning    HTML     95K 
                Property-Casualty Insurance Operations                           
41: R27         Summary of Significant Accounting Policies          HTML    274K 
                (Policies)                                                       
42: R28         Summary of Significant Accounting Policies          HTML    170K 
                (Tables)                                                         
43: R29         Investments (Tables)                                HTML    579K 
44: R30         Policy Acquisition Costs (Tables)                   HTML     80K 
45: R31         Reinsurance (Tables)                                HTML    147K 
46: R32         Historical Loss And LAE Development (Tables)        HTML   2.02M 
47: R33         Income Taxes (Tables)                               HTML    132K 
48: R34         Employee Benefits (Tables)                          HTML    106K 
49: R35         Statutory Information and Dividend Restrictions     HTML     47K 
                (Tables)                                                         
50: R36         Leases (Tables)                                     HTML     97K 
51: R37         Operating Segment Information (Tables)              HTML    202K 
52: R38         Summary of Significant Accounting Policies -        HTML     44K 
                Description of Business (Details)                                
53: R39         Basis of Presentation and Summary of Significant    HTML     96K 
                Accounting Policies - Adopted Accounting Standards               
                (Details)                                                        
54: R40         Summary of Significant Accounting Policies -        HTML     43K 
                Property and Equipment (Details)                                 
55: R41         Summary of Significant Accounting Policies -        HTML     67K 
                Investment in Unconsolidated Investees (Details)                 
56: R42         Summary of Significant Accounting Policies -        HTML     77K 
                Schedule of Summarized Financial Information of                  
                Equity Method Investments (Details)                              
57: R43         Summary of Significant Accounting Policies -        HTML     47K 
                Goodwill and Intangible Assets (Details)                         
58: R44         Summary of Significant Accounting Policies - Basic  HTML     80K 
                and Diluted Earnings Per Share (Details)                         
59: R45         Summary of Significant Accounting Policies -        HTML     43K 
                Comprehensive Earnings (Loss) - Additional                       
                Information (Details)                                            
60: R46         Summary of Significant Accounting Policies -        HTML     56K 
                Changes in the Balance of Each Component of                      
                Accumulated Other Comprehensive Earnings (Details)               
61: R47         Summary of Significant Accounting Policies -        HTML     66K 
                Effects of Reclassifications out of Accumulated                  
                Other Comprehensive Earnings (Loss) (Details)                    
62: R48         Summary of Significant Accounting Policies -        HTML     38K 
                Insurance Risk - Additional Information (Details)                
63: R49         Summary of Significant Accounting Policies -        HTML     49K 
                Catastrophe Exposures (Details)                                  
64: R50         Investments - Net Investment Income (Details)       HTML     51K 
65: R51         Investments - Pretax Net Realized Investment Gains  HTML     64K 
                (Losses) and Net Changes in Unrealized Gains                     
                (Losses) on Investments (Details)                                
66: R52         Investments - Disposition of Fixed Income and       HTML     64K 
                Equity Securities (Details)                                      
67: R53         Investments - Assets Measured at Fair Value         HTML     87K 
                (Details)                                                        
68: R54         Investments - Changes in Balance of Level 3         HTML     51K 
                Securities (Details)                                             
69: R55         Investments - Amortized Cost and Fair Value of      HTML     67K 
                Available-for-sale Fixed Income Securities                       
                (Details)                                                        
70: R56         Investments - Additional Information (Details)      HTML     63K 
71: R57         Investments - Amortized Cost and Fair Value of      HTML     75K 
                Available-for-sale Securities (Details)                          
72: R58         Investments - Debt Securities Available-for-sale    HTML     45K 
                Allowance for Credit Loss (Details)                              
73: R59         Investments - Securities in an Unrealized Loss      HTML    105K 
                Position Segregated by Type and Length of Time in                
                an Unrealized Loss Position (Details)                            
74: R60         Investments - Debt and Short-term Investments       HTML     77K 
                (Details)                                                        
75: R61         Policy Acquisition Costs - Schedule of Policy       HTML     63K 
                Acquisition Costs Deferred and Amortized to Income               
                (Details)                                                        
76: R62         Debt (Details)                                      HTML     97K 
77: R63         Reinsurance - Additional Information (Details)      HTML     55K 
78: R64         Reinsurance - Schedule of Premiums Written and      HTML     68K 
                Earned Along with Losses and Settlement Expenses                 
                Incurred (Details)                                               
79: R65         Reinsurance - Schedule of Net Reinsurance Balances  HTML    107K 
                Recoverable, After Consideration of Collateral,                  
                from Top Reinsurers (Details)                                    
80: R66         Historical Loss and LAE Development -               HTML     65K 
                Reconciliation of Unpaid Losses and Settlement                   
                Expenses (Lae) (Details)                                         
81: R67         Historical Loss and LAE Development - Incurred      HTML    337K 
                Losses and Loss Adjustment Expenses, Net of                      
                Reinsurance (Details)                                            
82: R68         Historical Loss and LAE Development - Cumulative    HTML     86K 
                Paid Loss and Loss Adjustment Expenses, Net of                   
                Reinsurance (Details)                                            
83: R69         Historical Loss and LAE Development -               HTML     76K 
                Reconciliation of Incurred and Paid Loss                         
                Development to the Liability for Unpaid Losses and               
                Settlement Expenses (Details)                                    
84: R70         Historical Loss and LAE Development - Reserve       HTML     45K 
                Development (Details)                                            
85: R71         Historical Loss and LAE Development - Additional    HTML     76K 
                Information (Details)                                            
86: R72         Historical Loss and LAE Development -               HTML     55K 
                Environmental, Asbestos and Mass Tort Exposures                  
                (Details)                                                        
87: R73         Income Taxes - Schedule of Deferred Tax Assets and  HTML     82K 
                Deferred Tax Liabilities (Details)                               
88: R74         Income Taxes - Reconciliation of Income Tax         HTML     86K 
                Expense (Benefit) Attributable to Income from                    
                Operations (Details)                                             
89: R75         Income Taxes - Additional Information (Details)     HTML     57K 
90: R76         Employee Benefits - Employee Stock Ownership,       HTML     62K 
                401(K) and Deferred Compensation Plan - Additional               
                Information (Details)                                            
91: R77         Employee Benefits - Stock Plans - Additional        HTML     83K 
                Information (Details)                                            
92: R78         Employee Benefits - Summary of Option Activity      HTML     79K 
                (Details)                                                        
93: R79         Employee Benefits - Summary of Weighted Average     HTML     48K 
                Grant-date Assumptions and Weighted Average Fair                 
                Values (Details)                                                 
94: R80         Employee Benefits - Restricted Stock Units -        HTML     57K 
                Additional Information (Details)                                 
95: R81         Employee Benefits - Schedule of Restricted Stock    HTML     63K 
                Units Activity (Details)                                         
96: R82         Statutory Information and Dividend Restrictions -   HTML     64K 
                Additional Information (Details)                                 
97: R83         Statutory Information and Dividend Restrictions -   HTML     41K 
                Schedule of Selected Information for Insurance                   
                Subsidiaries (Details)                                           
98: R84         Commitments And Contingent Liabilities (Details)    HTML     37K 
99: R85         Leases - Schedule of Components of Lease Expense    HTML     68K 
                and Other lease Information (Details)                            
100: R86         Leases - Schedule of Future Minimum Lease Payments  HTML     54K  
                under Non-cancellable Leases (Details)                           
101: R87         Operating Segment Information - Additional          HTML     41K  
                Information (Details)                                            
102: R88         Operating Segment Information - Summary of          HTML    111K  
                Segments (Details)                                               
103: R89         Operating Segment Information - Summary of Revenue  HTML     73K  
                by Major Product Type (Details)                                  
104: R90         Acquisitions and Dispositions (Details)             HTML     47K  
105: R91         Schedule I-Summary Of Investments-Other than        HTML     81K  
                Investments in Related Parties (Details)                         
106: R92         Schedule II - Condensed Financial Information of    HTML    129K  
                Registrant (Parent Company) - Balance Sheets                     
                (Details)                                                        
107: R93         Schedule II - Condensed Financial Information of    HTML     61K  
                Registrant (Parent Company) - Balance Sheet                      
                Information (Details)                                            
108: R94         Schedule II - Condensed Financial Information of    HTML    103K  
                Registrant (Parent Company) - Condensed Statements               
                of Earnings and Comprehensive Earnings (Details)                 
109: R95         Schedule II - Condensed Financial Information of    HTML    136K  
                Registrant (Parent Company) - Condensed Statements               
                of Cash Flows (Details)                                          
110: R96         Schedule II - Condensed Financial Information of    HTML     41K  
                Registrant (Parent Company) - Additional                         
                Information (Details)                                            
111: R97         Schedule III-Supplementary Insurance Information    HTML     79K  
                (Details)                                                        
112: R98         Schedule IV-Reinsurance (Details)                   HTML     62K  
113: R99         Schedule V-Valuation and Qualifying Accounts        HTML     45K  
                (Details)                                                        
114: R100        Schedule VI-Supplementary Information Concerning    HTML     68K  
                Property-Casualty Insurance Operations (Details)                 
115: R101        Pay vs Performance Disclosure                       HTML     47K  
116: R102        Insider Trading Arrangements                        HTML     41K  
118: XML         IDEA XML File -- Filing Summary                      XML    228K  
121: XML         XBRL Instance -- rli-20231231x10k_htm                XML  12.01M  
117: EXCEL       IDEA Workbook of Financial Report Info              XLSX    304K  
11: EX-101.CAL  XBRL Calculations -- rli-20231231_cal                XML    390K 
12: EX-101.DEF  XBRL Definitions -- rli-20231231_def                 XML   1.09M 
13: EX-101.LAB  XBRL Labels -- rli-20231231_lab                      XML   2.39M 
14: EX-101.PRE  XBRL Presentations -- rli-20231231_pre               XML   1.83M 
10: EX-101.SCH  XBRL Schema -- rli-20231231                          XSD    292K 
119: JSON        XBRL Instance as JSON Data -- MetaLinks              792±  1.27M  
120: ZIP         XBRL Zipped Folder -- 0001558370-24-001599-xbrl      Zip    941K  


‘EX-23.1’   —   Consent of Expert or Counsel


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Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in Registration Statements (No. 333-203957 and 333-272204) on Form S-8 of our report dated February 23, 2024 relating to the financial statements of RLI Corp and the effectiveness of the RLI Corp’s internal control over financial reporting, appearing in this Annual Report on Form 10-K for the year ended December 31, 2023.

/s/ Deloitte & Touche LLP

Chicago, Illinois

February 23, 2024



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/23/24
For Period end:12/31/235
 List all Filings 


8 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/26/23  RLI Corp.                         10-Q        6/30/23   78:13M                                    Toppan Merrill Bridge/FA
 4/03/23  RLI Corp.                         8-K:1,2,9   3/30/23   11:864K
 2/24/23  RLI Corp.                         10-K       12/31/22  121:34M                                    Toppan Merrill Bridge/FA
 7/24/20  RLI Corp.                         10-Q        6/30/20   58:13M
 2/21/20  RLI Corp.                         10-K       12/31/19  107:33M
10/24/18  RLI Corp.                         10-Q        9/30/18   52:12M
 5/08/18  RLI Corp.                         8-K:1,3,5,9 5/03/18    6:846K
 9/26/14  RLI Corp.                         8-K:1,9     9/22/14    2:183K                                   Toppan Merrill/FA
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Filing Submission 0001558370-24-001599   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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