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Side-by-side financial comparison of Palomar Holdings, Inc. (PLMR) and RLI CORP (RLI). Click either name above to swap in a different company.
RLI CORP is the larger business by last-quarter revenue ($465.7M vs $253.4M, roughly 1.8× Palomar Holdings, Inc.). On growth, Palomar Holdings, Inc. posted the faster year-over-year revenue change (62.7% vs 6.1%). Palomar Holdings, Inc. produced more free cash flow last quarter ($409.0M vs $155.0M). Over the past eight quarters, Palomar Holdings, Inc.'s revenue compounded faster (46.2% CAGR vs 2.3%).
Palomar Holdings, Inc. is a specialty insurance holding company that primarily provides property insurance products for catastrophe-exposed residential and commercial assets. It mainly operates across the United States, focusing on core segments including earthquake, flood, and windstorm coverage to meet high-risk property protection demands of customers.
RLI Corp. is an American insurance company specializing in property insurance and casualty insurance. It is headquartered in Peoria, Illinois.
PLMR vs RLI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $253.4M | $465.7M |
| Net Profit | — | $91.2M |
| Gross Margin | — | — |
| Operating Margin | 28.7% | 24.4% |
| Net Margin | — | 19.6% |
| Revenue YoY | 62.7% | 6.1% |
| Net Profit YoY | — | 123.1% |
| EPS (diluted) | $2.05 | $1.00 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $253.4M | $465.7M | ||
| Q3 25 | $244.7M | $509.3M | ||
| Q2 25 | $203.3M | $499.8M | ||
| Q1 25 | $174.6M | $407.7M | ||
| Q4 24 | $155.8M | $439.1M | ||
| Q3 24 | $148.5M | $470.0M | ||
| Q2 24 | $131.1M | $416.4M | ||
| Q1 24 | $118.5M | $444.8M |
| Q4 25 | — | $91.2M | ||
| Q3 25 | $51.5M | $124.6M | ||
| Q2 25 | $46.5M | $124.3M | ||
| Q1 25 | $42.9M | $63.2M | ||
| Q4 24 | — | $40.9M | ||
| Q3 24 | $30.5M | $95.0M | ||
| Q2 24 | $25.7M | $82.0M | ||
| Q1 24 | $26.4M | $127.9M |
| Q4 25 | 28.7% | 24.4% | ||
| Q3 25 | 27.4% | 30.9% | ||
| Q2 25 | 29.5% | 31.3% | ||
| Q1 25 | 30.8% | 19.3% | ||
| Q4 24 | 28.9% | 10.8% | ||
| Q3 24 | 25.9% | 24.9% | ||
| Q2 24 | 25.5% | 24.8% | ||
| Q1 24 | 29.0% | 36.0% |
| Q4 25 | — | 19.6% | ||
| Q3 25 | 21.0% | 24.5% | ||
| Q2 25 | 22.9% | 24.9% | ||
| Q1 25 | 24.6% | 15.5% | ||
| Q4 24 | — | 9.3% | ||
| Q3 24 | 20.5% | 20.2% | ||
| Q2 24 | 19.6% | 19.7% | ||
| Q1 24 | 22.3% | 28.8% |
| Q4 25 | $2.05 | $1.00 | ||
| Q3 25 | $1.87 | $1.35 | ||
| Q2 25 | $1.68 | $1.34 | ||
| Q1 25 | $1.57 | $0.68 | ||
| Q4 24 | $1.29 | $-2.87 | ||
| Q3 24 | $1.15 | $2.06 | ||
| Q2 24 | $1.00 | $1.78 | ||
| Q1 24 | $1.04 | $2.77 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $106.9M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $942.7M | $1.8B |
| Total Assets | $3.1B | $6.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $106.9M | — | ||
| Q3 25 | $111.7M | — | ||
| Q2 25 | $81.3M | — | ||
| Q1 25 | $119.3M | — | ||
| Q4 24 | $80.4M | — | ||
| Q3 24 | $86.5M | — | ||
| Q2 24 | $47.8M | — | ||
| Q1 24 | $61.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $100.0M | ||
| Q2 25 | — | $100.0M | ||
| Q1 25 | — | $100.0M | ||
| Q4 24 | — | $100.0M | ||
| Q3 24 | — | $100.0M | ||
| Q2 24 | — | $100.0M | ||
| Q1 24 | — | $100.0M |
| Q4 25 | $942.7M | $1.8B | ||
| Q3 25 | $878.1M | $1.9B | ||
| Q2 25 | $847.2M | $1.7B | ||
| Q1 25 | $790.4M | $1.6B | ||
| Q4 24 | $729.0M | $1.5B | ||
| Q3 24 | $703.3M | $1.7B | ||
| Q2 24 | $532.6M | $1.6B | ||
| Q1 24 | $501.7M | $1.5B |
| Q4 25 | $3.1B | $6.2B | ||
| Q3 25 | $2.9B | $6.2B | ||
| Q2 25 | $2.8B | $6.0B | ||
| Q1 25 | $2.4B | $5.7B | ||
| Q4 24 | $2.3B | $5.6B | ||
| Q3 24 | $2.3B | $5.8B | ||
| Q2 24 | $2.0B | $5.5B | ||
| Q1 24 | $1.9B | $5.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.06× | ||
| Q1 25 | — | 0.06× | ||
| Q4 24 | — | 0.07× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.06× | ||
| Q1 24 | — | 0.07× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $409.1M | $156.8M |
| Free Cash FlowOCF − Capex | $409.0M | $155.0M |
| FCF MarginFCF / Revenue | 161.4% | 33.3% |
| Capex IntensityCapex / Revenue | 0.1% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.72× |
| TTM Free Cash FlowTrailing 4 quarters | $700.6M | $608.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $409.1M | $156.8M | ||
| Q3 25 | $83.6M | $179.2M | ||
| Q2 25 | $120.9M | $174.7M | ||
| Q1 25 | $87.2M | $103.5M | ||
| Q4 24 | $261.2M | $128.1M | ||
| Q3 24 | $100.3M | $219.4M | ||
| Q2 24 | $55.1M | $141.8M | ||
| Q1 24 | $33.1M | $70.9M |
| Q4 25 | $409.0M | $155.0M | ||
| Q3 25 | $83.6M | $177.8M | ||
| Q2 25 | $120.8M | $173.4M | ||
| Q1 25 | $87.1M | $102.5M | ||
| Q4 24 | $260.9M | $127.6M | ||
| Q3 24 | $100.1M | $219.0M | ||
| Q2 24 | — | $139.1M | ||
| Q1 24 | — | $69.9M |
| Q4 25 | 161.4% | 33.3% | ||
| Q3 25 | 34.2% | 34.9% | ||
| Q2 25 | 59.4% | 34.7% | ||
| Q1 25 | 49.9% | 25.1% | ||
| Q4 24 | 167.5% | 29.0% | ||
| Q3 24 | 67.4% | 46.6% | ||
| Q2 24 | — | 33.4% | ||
| Q1 24 | — | 15.7% |
| Q4 25 | 0.1% | 0.4% | ||
| Q3 25 | 0.0% | 0.3% | ||
| Q2 25 | 0.0% | 0.3% | ||
| Q1 25 | 0.0% | 0.3% | ||
| Q4 24 | 0.2% | 0.1% | ||
| Q3 24 | 0.1% | 0.1% | ||
| Q2 24 | 0.0% | 0.7% | ||
| Q1 24 | 0.0% | 0.2% |
| Q4 25 | — | 1.72× | ||
| Q3 25 | 1.63× | 1.44× | ||
| Q2 25 | 2.60× | 1.41× | ||
| Q1 25 | 2.03× | 1.64× | ||
| Q4 24 | — | 3.13× | ||
| Q3 24 | 3.29× | 2.31× | ||
| Q2 24 | 2.14× | 1.73× | ||
| Q1 24 | 1.26× | 0.55× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PLMR
Segment breakdown not available.
RLI
| Casualty Segment | $246.8M | 53% |
| Property Insurance Segment | $122.5M | 26% |
| Other | $59.3M | 13% |
| Surety Insurance Segment | $37.1M | 8% |
