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RLI vs Skyward Specialty Insurance Group: RLI and SKWD compared
RLI is the larger company: $477M of revenue in its latest quarter (Q3 2026) against $455M for Skyward Specialty Insurance Group (Q3 2026). Skyward Specialty Insurance Group is growing faster (+19% against -6% a year earlier). RLI is more profitable, with an operating margin of 21.6% against 14.0%.
Where the money goes: RLI and SKWD
RLI (RLI) · Q3 2026
RLI, Q3 2026: revenue $477M (-6% year over year), operating margin 21.6%, net earnings $81.0M, operating cash flow $195M. The chart follows the revenue to costs, profit and cash.
Skyward Specialty Insurance Group (SKWD) · Q3 2026
Skyward Specialty Insurance Group, Q3 2026: revenue $455M (+19% year over year), operating margin 14.0%, net earnings $49.8M, operating cash flow $205M. The chart follows the revenue to costs, profit and cash.
| RLI (RLI) | Skyward Specialty Insurance Group (SKWD) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $477M | $455M |
| Revenue growth, Y/Y | -6% | +19% |
| Operating margin | 21.6% | 14.0% |
| Net earnings | $81.0M | $49.8M |
| Net margin | 17.0% | 10.9% |
| Operating cash flow | $195M | $205M |
| Free cash flow | $192M | — |
| Market value | $6.3B | $2.8B |
| P/E | 15.9× | 14.4× |
| Analysts’ mean target | $58.25 | $70.73 |
Questions
Which is bigger, RLI or Skyward Specialty Insurance Group?
RLI is the larger company: $477M of revenue in its latest quarter (Q3 2026) against $455M for Skyward Specialty Insurance Group (Q3 2026).
Is RLI or Skyward Specialty Insurance Group growing faster?
Skyward Specialty Insurance Group is growing faster (+19% against -6% a year earlier).
Which is more profitable, RLI or Skyward Specialty Insurance Group?
RLI is more profitable, with an operating margin of 21.6% against 14.0%.
More: RLI earnings · how RLI makes money · Skyward Specialty Insurance Group earnings · how Skyward Specialty Insurance Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 21, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.