RLI vs Universal Insurance Holdings
RLI is the larger business, with $1.88bn of revenue in fiscal 2025 against $1.60bn for Universal Insurance Holdings (1.2 times as much). RLI grew faster (6.3% against 5.5%). RLI kept more of each dollar of sales as profit: a net margin of 21.4% against 11.4%. RLI carries less debt relative to equity (11.2% against 18.3%).
| Latest fiscal year | RLIRLI, 2025 | Universal Insurance HoldingsUVE, 2025 |
|---|---|---|
| Revenue | $1.88bn | $1.60bn |
| Revenue growth | 6.3% | 5.5% |
| Net income | $403m | $183m |
| Operating margin | — | — |
| Net margin | 21.4% | 11.4% |
| Return on equity | 24.4% | 39.6% |
| Free cash flow | $609m | $377m |
| Cash | $51.6m | $409m |
| Total debt | $200m | $101m |
| Debt to equity | 11.2% | 18.3% |
| Dividend per share | $2.63 | $0.77 |
| Dividend yield | 7.0% | 1.6% |
| Share buybacks | — | $22.4m |
| Employees | 1,193 | 929 |
| Market value | $6.14bn | $1.34bn |
| Price vs our value range | — | — |
| Moat score | 77 (Strong) | 60 (Moderate) |
| Insider trades, 12 months | 9 buys, 0 sales | 0 buys, 21 sales |