Rli's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Rli (RLI) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Rli vs Its Competitors
- TTM: Trailing 12-month revenue of 1,942M vs 343,016M combined for its competitors (0.6% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (-1.8% annualized vs trailing 12 months), vs holding steady (-1.3%) for its tracked peer group.
- Growth: Rli generated -6.3% revenue growth year over year in Q3 2026, vs -0.9% for its competitors combined.
- Profitability: Its 17.0% net margin compares with 11.3% for the peer group.
- Scale: Rli ranks #22 of 63 companies by market capitalization in the Property & Casualty Insurance industry, holding 0.3% of industry market cap.
- Peer revenue share: Rli accounted for 0.6% of combined revenue among its tracked peer group, down from 0.6% a year earlier.
- Peer differentiation: Revenue per employee of $1.63M compares with $1.27M for the peer group (1.3x).
- Structure: Rli operates in the following segments: Casualty Segment, Property Insurance Segment, Surety Insurance Segment.
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
RLI Sales vs. its Competitors, Q3 2026
Rli reported revenue contraction of 6.34 % year on year in Q3 2026, below its competitors' combined revenue change of -0.87 %.
With a net margin of 16.98 %, Rli achieved higher profitability than its competitors (11.25 %).
Rli generated 0.56 % of the combined sales of its peer group, down from 0.59 % a year earlier.
API endpoints for this dataset
Rli vs. its Competitors, Q3 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Rli reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Rli and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Rli Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (5) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (9) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Rli's competitor groups requires a Commercial License.
For context: the Property & Casualty Insurance industry grew revenue 3.7% year over year, combined, vs -6.3% for Rli. Rli's share of combined industry revenue moved from 0.19% to 0.18%, a loss of 0.02 percentage points.
Rli's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Rli Corp | Yes | Yes | No | No |
| Competitors combined (55) | ||||
| High-Confidence Competitors (5) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
RLI Stock Performance relative to its Competitors
RLI Stock Performance relative to High-Confidence Competitors
RLI Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Safety Insurance Group Inc | 282.9% | Outperformed |
| 2 | Siriuspoint Ltd | 282.9% | Outperformed |
| 3 | Universal Insurance Holdings Inc | 282.9% | Outperformed |
| 4 | Travelers Companies inc | 282.9% | Outperformed |
| 5 | Hanover Insurance Group Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Rli's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Rli's Comment on Competition and Industry Peers
Publicly Traded Peers of Rli Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Rli Corp |
6,305.36 | 1,942.10 |
 Progressive Corp |
132,607.69 | 91,735.00 |
 Marsh and Mclennan Companies Inc |
98,108.78 | 28,470.00 |
 Travelers Companies inc |
83,229.12 | 48,921.00 |
 The Cigna Group |
77,496.60 | 282,382.00 |
 Aon Plc |
71,314.53 | 17,707.00 |
| SUBTOTAL | 1,014,577.28 | 1,307,105.00 |
Sign in to see all competitors of Rli Corp.
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Rli Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Rli's Competitors Named by the Company
Competitive relationships identified from Rli reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Tiptree Inc | Company report | 85% |
| Hamilton Insurance Group Ltd | Company report | 85% |
| Ategrity Specialty Insurance Company Holdings | Company report | 85% |
| Skyward Specialty Insurance Group Inc | Company report | 85% |
| Global Indemnity Group Llc | Company report | 85% |
| Arch Capital Group Ltd | Company report | 85% |
| Cincinnati Financial Corporation | Company report | 85% |
| Kemper Corporation | Company report | 85% |
| Renaissancere Holdings Ltd | Company report | 85% |
| Kingstone Companies Inc | Company report | 85% |
| Enstar Group Ltd | Company report | 85% |
| Assurant Inc | Company report | 85% |
| Everest Group Ltd | Company report | 85% |
| Hanover Insurance Group Inc | Company report | 85% |
| Donegal Group Inc | Company report | 85% |
| W R Berkley Corp | Company report | 85% |
| Maiden Holdings Ltd | Company report | 85% |
| Progressive Corp | Company report | 85% |
| Universal Insurance Holdings Inc | Company report | 85% |
| Axis Capital Holdings Limited | Company report | 85% |
| James River Group Holdings Inc | Company report | 85% |
| Old Republic International Corporation | Company report | 85% |
| Siriuspoint Ltd | Company report | 85% |
| Mercury General Corporation | Company report | 85% |
| Hallmark Financial Services inc | Company report | 85% |
| Travelers Companies inc | Company report | 85% |
| Markel Group Inc | Company report | 85% |
| Proassurance Corporation | Company report | 85% |
| United Fire Group Inc | Company report | 85% |
| Horace Mann Educators Corporation | Company report | 85% |
| Aspen Insurance Holdings Limited | Company report | 85% |
| Selective Insurance Group Inc | Company report | 85% |
| Triple s Management Corporation | Company report | 85% |
| Presurance Holdings Inc | Company report | 85% |
| Oxbridge Re Holdings Limited | Company report | 85% |
| Allstate Corp | Company report | 85% |
| Genworth Financial Inc | Company report | 85% |
| American Coastal Insurance Corporation | Company report | 85% |
| Marsh and Mclennan Companies Inc | Company report | 85% |
| Reinsurance Group Of America Incorporated | Company report | 85% |
| Hci Group Inc | Company report | 85% |
| American Financial Group Inc | Company report | 85% |
| Brown and Brown Inc | Company report | 85% |
| White Mountains Insurance Group ltd | Company report | 85% |
| Fg Nexus Inc | Company report | 85% |
| Heritage Insurance Holdings Inc | Company report | 85% |
| Berkshire Hathaway Inc | Company report | 85% |
| The Hartford Insurance Group Inc | Company report | 85% |
| Safety Insurance Group Inc | Company report | 85% |
| Amerinst Insurance Group Ltd | Company report | 85% |
| American International Group Inc | Company report | 85% |
| Alleghany Corp | Company report | 85% |
| Greenlight Capital Re Ltd | Company report | 85% |
| Kingsway Financial Services Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for Rli's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Rli's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Rli Corp | Casualty Segment 54.97 % |
| Marsh and Mclennan Companies Inc | Risk 55.31 % |
| Travelers Companies inc | Business Insurance 47.23 % |
| The Cigna Group | Evernorth 86.55 % |
| Aon Plc | Risk Capital 65.40 % |
| Allstate Corp | Allstate Protection 86.96 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Rli's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Rli Corp | 6,305 | 1,627,909 | 331,181 |
| Progressive Corp | 132,608 | 1,834,700 | 232,440 |
| Marsh and Mclennan Companies Inc | 98,109 | 299,684 | 43,358 |
| Travelers Companies inc | 83,229 | 1,438,853 | 244,618 |
| The Cigna Group | 77,497 | 4,171,078 | 102,555 |
| Aon Plc | 71,315 | 295,117 | 65,750 |
| PEERS TOTAL | 1,008,272 | 1,274,226 | 175,176 |
Rli's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Aon Plc | Europe, Middle East, and Africa, Other Than United Kingdom and Ireland 14.78 % |
| Brown and Brown Inc | US 88.00 % |
| Ncr Atleos Corporation | United States 46.86 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Rli's Position in Industry Market Structure
Market-capitalization share and concentration across all 63 companies in Rli's industry classification, broader than the peer set above. Market cap in millions of $.Rli ranks #22 of 63 companies by market capitalization in its industry, holding 0.30 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 3,659, indicating a highly concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 2 | Chubb Limited | 142,814 | 6.88 % |
| 3 | Progressive Corp | 133,063 | 6.41 % |
| 4 | Travelers Companies inc | 84,415 | 4.07 % |
| 5 | Allstate Corp | 66,021 | 3.18 % |
| 6 | American International Group Inc | 1,234 | 5.2% |
| 7 | Arch Capital Group Ltd | 1,234 | 5.2% |
| 8 | The Hartford Insurance Group Inc | 1,234 | 5.2% |
| 9 | W R Berkley Corp | 1,234 | 5.2% |
| 10 | Cincinnati Financial Corporation | 1,234 | 5.2% |
| 11 | Markel Group Inc | 1,234 | 5.2% |
| 22 | Rli Corp | 6,299 | 0.30 % |
Market cap and industry share for the rest of Rli's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
Rli's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 17 | American Financial Group Inc | 12,828 | 17.64 % |
| 18 | Old Republic International Corporation | 9,755 | 8.86 % |
| 19 | Kinsale Capital Group Inc | 8,743 | -1.91 % |
| 20 | Hanover Insurance Group Inc | 8,647 | 41.49 % |
| 21 | Axis Capital Holdings Limited | 1,234 | 12.3% |
| 22 | Rli Corp | 6,299 | 21.61 % |
| 23 | Mgic Investment Corp | 1,234 | 12.3% |
| 24 | Selective Insurance Group Inc | 1,234 | 12.3% |
| 25 | Essent Group Ltd | 1,234 | 12.3% |
| 26 | White Mountains Insurance Group ltd | 1,234 | 12.3% |
| 27 | Radian Group Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Rli's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Rli's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Property & Casualty Insurance industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (89 companies). See the full Property & Casualty Insurance industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 26.78 % | 46.05 % (avg) | -19.3 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 25.93 % | 23.13 % (avg) | +2.8 pp |
| Capital Intensity (Capex / Revenue) | 0.41 % | 0.92 % (avg) | -0.5 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Rli's Valuation vs Competitive Position
Valuation multiples vs the Property & Casualty Insurance industry average (89 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Property & Casualty Insurance industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 14.4x | 11.7x | +2.7x |
| EV / EBITDA | 11.2x | 5.1x | +6.1x |
| P/B | 3.2x | 2.1x | +1.2x |
| Return on Equity | 22.50 % | industry aggregate | 2.20 % |
| Return on Invested Capital | - | 8.01 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Rli's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 2.62 % | 22.67 % | -1.99 % | 19.89 % | 43.99 % | -10.95 % | 17.09 % | 6.33 % |
| Operating Margin | 21.88 % | 15.41 % | 33.28 % | 41.55 % | 53.70 % | 39.72 % | 38.92 % | 41.35 % |
| Return on Invested Capital | 7.58 % | 5.72 % | 11.20 % | 14.51 % | 15.48 % | 9.41 % | 9.62 % | 10.15 % |
| P/E | 37.4x | 17.1x | 29.5x | 17.9x | 20.6x | 11.0x | 20.0x | 13.5x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Rli's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
Rli falls in the Dog quadrant: relative market share of 0.04x vs its largest competitor, in an industry growing revenue 5.7% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
Rli's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | Low | Industry HHI of 3,659 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.41 % vs industry average 0.92 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Rli's dedicated Suppliers and Customers pages, not here.
Rli's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
Rli falls in the High attractiveness / Low strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Rli's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Outperforming the U.S.A. 500 over the trailing 12 months.
Weaknesses
- Low relative market share vs the industry leader (0.04x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: see Methodology: SWOT Analysis.
Rli's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Rli Corp | 0.13 | 2.75 | 0.15 |
| Progressive Corp | 0.06 | 1.06 | 0.24 |
| Marsh and Mclennan Companies Inc | 0.52 | 1.13 | 1.36 |
| Travelers Companies inc | 0.01 | 1.08 | 0.29 |
| The Cigna Group | 0.12 | 0.82 | 0.76 |
| Aon Plc | 0.06 | 1.06 | 1.86 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Rli's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Rli Corp | Q3 2026 | -6.3 % | -35.0 % |
| Progressive Corp | Q3 2026 | +3.0 % | -2.8 % |
| Marsh and Mclennan Companies Inc | Q3 2026 | +7.9 % | +6.7 % |
| Travelers Companies inc | Q3 2026 | -0.5 % | +1.5 % |
| The Cigna Group | Q2 2026 | +6.7 % | +22.4 % |
| Aon Plc | Q3 2026 | +2.6 % | +1.3 % |
| PEERS TOTAL | +5.7 % | +29.5 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Rli's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Rli Corp | Q3 2026 | - | +66.6 % |
| Progressive Corp | Q3 2026 | +1,016.0 % | +75.8 % |
| Marsh and Mclennan Companies Inc | Q3 2026 | - | +12.5 % |
| Travelers Companies inc | Q3 2026 | +0.4 % | - |
| The Cigna Group | Q2 2026 | +6.4 % | - |
| Aon Plc | Q3 2026 | - | +36.2 % |
Rli's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Rli Corp | 6.22% | 6.33% | 22.50% |
| Progressive Corp | 9.34% | 10.98% | 35.44% |
| Marsh and Mclennan Companies Inc | 6.96% | 11.21% | 27.25% |
| Travelers Companies inc | 5.82% | 8.95% | 26.20% |
| The Cigna Group | 4.44% | 6.84% | 16.41% |
| Aon Plc | 7.15% | 9.96% | 40.15% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Rli's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Rli Corp | 15.93 | 3.25 |
| Progressive Corp | 11.47 | 1.45 |
| Marsh and Mclennan Companies Inc | 24.62 | 3.45 |
| Travelers Companies inc | 10.41 | 1.70 |
| The Cigna Group | 12.45 | 0.27 |
| Aon Plc | 18.55 | 4.03 |
| PEERS AVERAGE | 5.64 | 0.78 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.