RLI vs Skyward Specialty Insurance Group
RLI is the larger business, with $1.88bn of revenue in fiscal 2025 against $1.42bn for Skyward Specialty Insurance Group (1.3 times as much). Skyward Specialty Insurance Group grew faster (23.2% against 6.3%). RLI kept more of each dollar of sales as profit: a net margin of 21.4% against 12.0%. Skyward Specialty Insurance Group carries less debt relative to equity (0.0% against 11.2%).
| Latest fiscal year | RLIRLI, 2025 | Skyward Specialty Insurance GroupSKWD, 2025 |
|---|---|---|
| Revenue | $1.88bn | $1.42bn |
| Revenue growth | 6.3% | 23.2% |
| Net income | $403m | $170m |
| Operating margin | — | — |
| Net margin | 21.4% | 12.0% |
| Return on equity | 24.4% | 18.9% |
| Free cash flow | $609m | $403m |
| Cash | $51.6m | $169m |
| Total debt | $200m | $0 |
| Debt to equity | 11.2% | 0.0% |
| Dividend per share | $2.63 | — |
| Dividend yield | 7.0% | — |
| Share buybacks | — | — |
| Employees | 1,193 | 611 |
| Market value | $6.14bn | $2.72bn |
| Price vs our value range | — | — |
| Moat score | 77 (Strong) | — |
| Insider trades, 12 months | 9 buys, 0 sales | 11 buys, 9 sales |