undamentalytics Newsletter

Property & Casualty Insurance stocks

53 US-listed companies in property & casualty insurance, with $471.2bn of combined revenue in their latest fiscal years. Progressive Corporation is the largest ($87.7bn). The fastest grower with at least $100m of revenue in both years is White Mountains Insurance Group LTD, up 66.8%. The median company grew 10.4% with a net margin of 11.7%.

Companies53
Combined revenue$471.2bn
Median revenue growth10.4%
Median net margin11.7%
Median return on equity16.0%
#CompanyRevenueGrowthNet marginROEFiscal year
1 Progressive CorporationPGR $87.7bn 16.3% 12.9% 40.4% 2025
2 AllstateALL $67.7bn 5.6% 15.2% 39.5% 2025
3 Chubb LimitedCB $59.4bn 6.5% 17.4% 15.0% 2025
4 The Travelers CompaniesTRV $48.8bn 5.2% 12.9% 20.7% 2025
5 The HartfordHIG $28.4bn 6.9% 13.5% 21.7% 2025
6 Arch Capital GroupACGL $19.9bn 14.3% 22.1% 19.5% 2025
7 Markel Group Inc.MKL $15.5bn 4.7% 13.6% 11.9% 2025
8 CNA Financial CorpCNA $15.0bn 5.0% 8.5% 11.5% 2025
9 W. R. Berkley CorporationWRB $14.7bn 7.8% 12.1% 19.7% 2025
10 Fidelity National Financial, Inc.FNF $14.4bn 5.6% 4.2% 7.9% 2025
11 Cincinnati FinancialCINF $12.6bn 11.4% 18.9% 16.0% 2025
12 OLD Republic International CorpORI $9.1bn 11.0% 10.2% 16.2% 2025
13 American Financial Group IncAFG $8.2bn −1.8% 10.3% 18.1% 2025
14 First American Financial CorpFAF $7.5bn 21.6% 8.3% 11.9% 2025
15 Hanover Insurance Group, Inc.THG $6.6bn 5.7% 10.0% 20.7% 2025
16 Axis Capital Holdings LTDAXS $6.6bn 10.2% 15.4% 16.2% 2025
17 Mercury General CorpMCY $6.0bn 9.4% 9.0% 24.8% 2025
18 Selective Insurance Group IncSIGI $5.3bn 9.8% 8.7% 13.9% 2025
19 Kemper CorpKMPR $4.8bn 3.3% 3.0% 5.2% 2025
20 White Mountains Insurance Group LTDWTM $3.7bn 66.8% 29.6% 22.3% 2025
21 Stewart Information Services CorpSTC $2.9bn 17.3% 4.0% 7.6% 2025
22 Pelagos Insurance Capital LtdPLGO $2.5bn 3.3% 9.0% 9.3% 2025
23 RLI CorpRLI $1.9bn 6.3% 21.4% 24.4% 2025
24 Kinsale Capital Group, Inc.KNSL $1.9bn 18.0% 26.9% 29.3% 2025
25 Universal Insurance Holdings, Inc.UVE $1.6bn 5.5% 11.4% 39.6% 2025
26 Root, Inc.ROOT $1.5bn 29.0% 2.7% 16.5% 2025
27 Trupanion, Inc.TRUP $1.4bn 11.9% 1.4% 5.5% 2025
28 Skyward Specialty Insurance Group, Inc.SKWD $1.4bn 23.2% 12.0% 18.9% 2025
29 United Fire Group IncUFCS $1.4bn 10.6% 8.5% 13.7% 2025
30 Safety Insurance Group IncSAFT $1.3bn 12.8% 7.9% 11.5% 2025
31 Slide Insurance Holdings, Inc.SLDE $1.2bn 36.5% 38.4% 57.4% 2025
32 Assured Guaranty LTDAGO $1.1bn 27.3% 45.3% 9.0% 2025
33 Donegal Group IncDGICA $978m −1.2% 8.1% 13.4% 2025
34 HCI Group, Inc.HCI $901m 20.1% 33.2% 40.0% 2025
35 Palomar Holdings, Inc.PLMR $876m 58.2% 22.5% 23.6% 2025
36 Employers Holdings, Inc.EIG $859m −2.5% 1.3% 1.1% 2025
37 Lemonade, Inc.LMND $738m 40.2% −22.4% −29.4% 2025
38 James River Group Holdings, Inc.JRVR $688m −2.8% 6.9% 9.5% 2025
39 Bowhead Specialty Holdings Inc.BOW $552m 29.6% 9.8% 13.1% 2025
40 Porch Group, Inc.PRCH $482m 10.2% −0.7% — 2025
41 Hippo Holdings Inc.HIPO $469m 25.9% 12.3% 14.5% 2025
42 Ategrity Specialty Insurance Co HoldingsASIC $424m 23.4% 17.4% 14.6% 2025
43 American Coastal Insurance CorpACIC $335m 13.1% 31.8% 38.6% 2025
44 Amerisafe IncAMSF $317m 2.7% 14.9% 18.5% 2025
45 NI Holdings, Inc.NODK $285m −12.3% −3.7% −4.3% 2025
46 American Integrity Insurance Group, Inc.AII $276m 35.3% 36.0% 39.9% 2025
47 Investors Title CoITIC $273m 5.6% 12.9% 13.5% 2025
48 Octave Specialty Group IncOSG $251m 6.5% −103.1% −34.2% 2025
49 Kingstone Companies, Inc.KINS $215m 38.5% 19.0% 43.0% 2025
50 Kingsway CorpKWY $135m 23.4% −8.8% −101.1% 2025
51 Mbia IncMBI $80m 90.5% −221.3% — 2025
52 Presurance Holdings, Inc.PRHI $43m −35.6% −42.6% −120.9% 2025
53 Tiptree Inc.TIPT $488,000 −99.9% 7157.2% 7.2% 2025

Medians cover companies with at least $100m of revenue (growth: in both years). Growth is the latest fiscal year against the year before and includes acquisitions.

Other financials industries

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.