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Tiptree vs RLI: TIPT and RLI compared
Tiptree is the larger company: $540M of revenue in its latest quarter (Q3 2025) against $477M for RLI (Q3 2026). Tiptree is growing faster (+9% against -6% a year earlier). RLI is more profitable, with an operating margin of 21.6% against -2.4%.
Where the money goes: TIPT and RLI
Tiptree (TIPT) · Q3 2025
Tiptree, Q3 2025: revenue $540M (+9% year over year), operating margin -2.4%, net earnings $15.6M, operating cash flow $135M. The chart follows the revenue to costs, profit and cash.
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.
| Tiptree (TIPT) | RLI (RLI) | |
|---|---|---|
| Latest quarter | Q3 2025 | Q3 2026 |
| Revenue | $540M | $477M |
| Revenue growth, Y/Y | +9% | -6% |
| Operating margin | -2.4% | 21.6% |
| Net earnings | $15.6M | $81.0M |
| Net margin | 2.9% | 17.0% |
| Operating cash flow | $135M | $195M |
| Free cash flow | $133M | $192M |
| Market value | $662M | $6.3B |
| P/E | 1.6× | 15.9× |
| Analysts’ mean target | — | $58.25 |
Questions
Which is bigger, Tiptree or RLI?
Tiptree is the larger company: $540M of revenue in its latest quarter (Q3 2025) against $477M for RLI (Q3 2026).
Is Tiptree or RLI growing faster?
Tiptree is growing faster (+9% against -6% a year earlier).
Which is more profitable, Tiptree or RLI?
RLI is more profitable, with an operating margin of 21.6% against -2.4%.
More: Tiptree earnings · how Tiptree makes money · RLI earnings · how RLI makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 31, 2025; 10-Q filed Oct 21, 2026). Fiscal quarters can end on different dates. Not investment advice.