RLI (RLI) Effective Interest Rate on Debt % : 3.66% (As of Dec. 2023)

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What is RLI Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. RLI's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $5 Mil. RLI's average total debt for the quarter that ended in Dec. 2023 was $150 Mil. Therefore, RLI's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 3.66%.

RLI Effective Interest Rate on Debt % Historical Data

The historical data trend for RLI's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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RLI Effective Interest Rate on Debt % Chart

RLI Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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5.09

4.40

2.69

2.43

RLI Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.69	2.68	4.10	5.00	3.66

Competitive Comparison of RLI's Effective Interest Rate on Debt %

For the Insurance - Property & Casualty subindustry, RLI's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RLI's Effective Interest Rate on Debt % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, RLI's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where RLI's Effective Interest Rate on Debt % falls into.

RLI Effective Interest Rate on Debt % Calculation

RLI's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -7.301	/	( (399.726	+	200)	/ 2 )
=	-1 * -7.301	/	299.863
=	2.43 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	199.863	+	199.863
=	399.726

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	100	+	100
=	200

RLI's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -5.492	/	( (100	+	200)	/ 2 )
=	-1 * -5.492	/	150
=	3.66 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	100
=	100

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	100	+	100
=	200

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

RLI (NYSE:RLI) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

RLI Effective Interest Rate on Debt % Related Terms

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RLI (RLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » RLI Corp (NYSE:RLI) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

RL1:Germany

Address

9025 North Lindbergh Drive, Peoria, IL, USA, 61615

Website

https://www.rlicorp.com

RLI Corp underwrites property and casualty insurance through its subsidiaries. The company offers insurance coverage in the specialty admitted market, where the products are designed for special risks. It also offers products in the excess and surplus markets, which provides an alternative for customers with risks or loss exposures that generally cannot be written in the standard admitted market. RLI distributes property and casualty insurance through its wholly-owned branch offices that market to wholesale and retail producers. The company's insurance operation segments include casualty, property, and surety and it derives a majority of its revenue from the Casualty segment.

Executives

Michael J Stone	other: President RLI Insurance Compan	C/O RLI CORP, 9025 N. LINDBERGH DR., PEORIA IL 61615
Michael E Angelina	director	C/O ENDURANCE SERVICES LIMITED, 333 WESTCHESTER AVENUE, WHITE PLAINS NY 10471
Paul Bennett Medini	director	THE ACE BUILDING, 17 WOODHOURNE AVE, HAMILTON BERMUDA D0 HM 08
Susan S. Fleming	director	C/O VIRTUS INVESTMENT PARTNERS, INC., 100 PEARL STREET, HARTFORD CT 06103
Seth Anthony Davis	officer: Vice President, Controller	9025 N. LINDBERGH DRIVE, PEORIA IL 61615
Debbie Sharell Roberts	director	204 W. 59TH STREET, BURR RIDGE IL 60527
Kaj Ahlmann	director	17945 ROSEWOOD STREET, STILWELL KS 66085
Aaron Paul Diefenthaler	officer: VP, CIO	9025 N. LINDBERGH DRIVE, PEORIA IL 61615
Restrepo Robert P Jr	director
Calvin Jr Butler	director	10 SOUTH DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Todd Wayne Bryant	officer: Vice President, Controller	9025 N. LINDBERGH DRIVE, PEORIA IL 61615
Jennifer L Klobnak	other: Sr. VP, Operations - RLI Ins.	9025 N LINDBERGH DRIVE, PEORIA IL 61615
James J. Scanlan	director	6 TODMORDEN LANE, ROSE VALLEY PA 19086
Gerald I Lenrow	director	4052 MANSION DR N.W., WASHINGTON DC 20007
Jonathan E Michael	director, officer: President	C/O RLI CORP, 9025 N. LINDBERGH DR., PEORIA IL 61615