An industry chapter · Insurance — Property & Casualty
Insurance — Property & Casualty
83 members, ACGL to WTM, A to Z by ticker.
Gross profitability
not read: no member carries three readable years of gross profit and total assets
Capital intensity
median 5.3% — capital expenditure as a share of revenue, each member's median across its readable years; read on 2 of 83 members
Net cash
1 of the 2 members with a readable debt line hold more cash and short-term investments than total debt
Figures describe the list as a group, from each member's own filed record; they name no
member and form no rank. A member missing an input is absent from that median, never counted
against the others.
From the latest filings · data as of July 9, 2026.
In October 2001, Arch Capital launched an underwriting initiative to meet current and future demand in the global insurance and reinsurance markets that included the recruitment of new management teams and an equity capital infusion of $763.2 million, which created a strong capital base that was unencumbered by significant pre-2002 risks.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $36.91
In October 2001, Arch Capital launched an underwriting initiative to meet current and future demand in the global insurance and reinsurance markets that included the recruitment of new management teams and an equity capital infusion of $763.2 million, which created a strong capital base that was unencumbered by significant pre-2002 risks.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $36.91
In October 2001, Arch Capital launched an underwriting initiative to meet current and future demand in the global insurance and reinsurance markets that included the recruitment of new management teams and an equity capital infusion of $763.2 million, which created a strong capital base that was unencumbered by significant pre-2002 risks.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $36.91
Our target market in such areas consists of states where the perceived threat of natural catastrophe has caused large national insurance carriers to reduce their concentration of policies.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
We are a leading private mortgage insurance company serving the United States housing finance market since 1981 with a mission to help people buy a house and keep it their home.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
AIG is a property-casualty insurer. It sells policies — mostly to businesses, with some to individuals — that promise to pay when an insured thing goes wrong, from a damaged building to a lawsuit. It takes premiums in up front, invests that money while it waits for claims to come due, and aims to keep more in premiums than it pays out in losses and the cost of running the business.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $56.94 · dividend paid 8 of 8 yrs, never cut
Insurance market following the 2004 and 2005 hurricane seasons, in which a number of severe hurricanes resulted in record insured property losses and caused a number of national insurance companies to retreat from writing residential property insurance in the state.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
We are a premier global protection company that partners with the world's leading brands to safeguard and service connected devices, homes and automobiles.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $124 · dividend paid 10 of 10 yrs, never cut
We are a premier global protection company that partners with the world's leading brands to safeguard and service connected devices, homes and automobiles.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $124 · dividend paid 10 of 10 yrs, never cut
Allstate sells insurance — it collects premiums up front in exchange for a promise to pay claims later, mostly to households protecting cars and homes, alongside commercial coverage and some life and annuity lines. It reaches buyers through its own exclusive agents, independent agents, and a direct channel, and it also earns commissions placing other carriers' property-casualty, life, annuity, and lender-placed products. The money is made two ways: an underwriting profit when premiums collected exceed claims and expenses paid, and investment income earned on the premiums it holds before claims come due.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $106 · dividend paid 10 of 10 yrs, never cut
AMERISAFE, Inc. is a specialty provider of workers' compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture, services, manufacturing, and maritime.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $46.78 · dividend paid 10 of 10 yrs, cut at least once
Ategrity Specialty Insurance Company Holdings is a specialty property and casualty insurance holding company dedicated exclusively to the excess and surplus market for small to medium-sized businesses across the United States.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
AXIS is a global specialty underwriter and provider of insurance and reinsurance solutions with operations in Bermuda, the United States, Europe, Singapore, and Canada.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Our principal objective is to create and sustain superior returns for our stockholders by generating consistent, underwriting profits across our product offerings and through all market cycles, while prudently managing capital.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Berkshire Hathaway is a holding company. It owns insurance businesses outright and puts the premiums it holds before claims come due — the float — to work as investable capital, and it owns whole operating companies in railroad, energy, manufacturing, services, and retail and wholesale distribution, alongside large stakes in public companies. It earns money two ways: the profits of the businesses it controls, and the return on the capital it invests.
Berkshire Hathaway is a holding company. It owns insurance businesses outright and puts the premiums it holds before claims come due — the float — to work as investable capital, and it owns whole operating companies in railroad, energy, manufacturing, services, and retail and wholesale distribution, alongside large stakes in public companies. It earns money two ways: the profits of the businesses it controls, and the return on the capital it invests.
Chubb is an insurer. It sells property and casualty coverage to businesses and to individuals, along with accident and health and life insurance, across many countries, and it reaches customers through independent agents and brokers. It takes in premiums up front, invests the money it holds against future claims, and earns from the gap between what it collects, what it pays out, and what those investments return.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Cincinnati Life Insurance Company, which provides life insurance policies and fixed annuities; and The Cincinnati Specialty Underwriters Insurance Company, which offers excess and surplus lines insurance products.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, cut at least once
An insurance business, read on its underwriting result, the combined ratio, and the float it invests, rather than an earnings multiple.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $46.96 · dividend paid 10 of 10 yrs, cut at least once
Donegal Group Inc., or DGI, is an insurance holding company whose insurance subsidiaries and affiliates offer property and casualty insurance in 21 Mid-Atlantic, Midwestern, Southern and Southwestern states.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Donegal Group Inc., or DGI, is an insurance holding company whose insurance subsidiaries and affiliates offer property and casualty insurance in 21 Mid-Atlantic, Midwestern, Southern and Southwestern states.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Essent Guaranty, a Pennsylvania-domiciled monoline mortgage guaranty insurance company licensed in all 50 states and the District of Columbia and approved by Fannie Mae and Freddie Mac, and also offer other credit risk management solutions, including contract underwriting, to our customers.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $56.37 · dividend paid 7 of 10 yrs, never cut
The Company, through its subsidiaries, is engaged in the business of providing title insurance, settlement services and other financial services and risk solutions through its title insurance and services segment and its home warranty segment.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $55.11 · dividend paid 10 of 10 yrs, never cut
We are a leading provider of title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty and transaction services to the real estate and mortgage industries.
We provide various homeowners' property and casualty insurance products for properties located in the State of Florida, which is our primary market, as well as in other states in the northeast and southeast regions of the United States.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, cut at least once
The Hartford Insurance Group Inc. sells diverse and innovative products through multiple distribution channels to individuals and businesses and is considered a leading property & casualty and employee group benefits insurer.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $75.69 · dividend paid 10 of 10 yrs, never cut
Hippo Holdings Inc. is a technology-native insurance holding company that, through its subsidiaries, delivers a broad range of insurance products to customers via its owned and partner MGAs which generated $1.1 billion of gross written premium in 2025.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Insurance holding company that primarily provides personal and commercial residential insurance through our insurance company subsidiaries.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $8.72 · dividend paid 8 of 10 yrs, cut at least once
Our board of directors will evaluate whether or not to pay dividends and, if so, whether to pay dividends on a quarterly, semi-annual or annual basis, depending on our results, market conditions, contractual obligations, legal restrictions and other factors deemed relevant by the board of directors.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · dividend paid 9 of 9 yrs, cut at least once
ITIC and NITIC offer primary title insurance coverage to owners and mortgagees of real estate and assume reinsurance of title insurance risks from other title insurance companies.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, cut at least once
James River Group Holdings, Inc. owns and operates a group of specialty property and casualty insurance companies focused on underwriting small and middle market casualty risks within the U.S. excess and surplus lines market.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · dividend paid 7 of 7 yrs, cut at least once
Kemper is an insurance holding company that offers complementary insurance products, through its subsidiaries, including personal and commercial automobile insurance to consumers in targeted markets and industries.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $71.68 · dividend paid 9 of 9 yrs, never cut
Kemper is an insurance holding company that offers complementary insurance products, through its subsidiaries, including personal and commercial automobile insurance to consumers in targeted markets and industries.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $71.68 · dividend paid 9 of 9 yrs, never cut
Kinsale is a property and casualty insurance company that focuses exclusively on the excess and surplus lines market in the U.S., where we can use our underwriting expertise to write coverages for hard-to-place risks.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, never cut
Kingsway Corporation owns and operates a collection of high-quality B2B and B2C services companies that are asset-light, growing, and that have recurring revenues.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
MBIA Services Corporation, also owned by MBIA Inc., is a service company that provides support services such as surveillance, risk management, legal, accounting, treasury and information technology, among others, to our businesses on a fee-for-service basis.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Mercury General Corporation are primarily engaged in writing personal automobile insurance through 12 insurance subsidiaries in 11 states, principally California.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, cut at least once
Maiden Global had previously operated internationally by providing branded auto and credit life insurance products through insurer partners, particularly those in Europe and other global markets.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Maiden Global had previously operated internationally by providing branded auto and credit life insurance products through insurer partners, particularly those in Europe and other global markets.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
We are a holding company and through wholly-owned subsidiaries we provide private mortgage insurance, other mortgage credit risk management solutions, and ancillary services.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $17.58 · dividend paid 7 of 10 yrs, never cut
Our subsidiary, NMIS, provides outsourced loan review services to mortgage loan originators and our subsidiary, Re One, historically provided reinsurance coverage to NMIC in accordance with certain statutory risk retention requirements.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $29.24
An insurance business, read on its underwriting result, the combined ratio, and the float it invests, rather than an earnings multiple.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $15.35 · dividend paid 2 of 10 yrs, cut at least once
Progressive sells insurance to ordinary people, mostly car insurance with some home and property coverage, sold both straight to the customer and through agents. It collects premiums up front, pays claims later, and invests the money it holds in between. So it earns two ways: the underwriting spread between premiums taken in and claims and costs paid out, and the income on the pile of customer money it gets to hold while it waits to pay.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, cut at least once
Our disciplined underwriting and active capital management enable us to respond dynamically 38 to market cycles and pursue opportunities that we believe offer an attractive balance of risk and return.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
We are strategically focused on providing solutions that expand access to affordable, responsible and sustainable homeownership and help borrowers achieve their dream of owning a home.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $26.32 · dividend paid 5 of 5 yrs, never cut
Insurance market measured by direct written premiums as compared to approximately 39.0% nationwide, based on data made available by Independent Insurance Agents and Brokers of America, Inc. and CAR.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, never cut
Insurance subsidiaries that sell products and services only in the United States and exclusively through independent insurance agents and wholesale brokers.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $93.24 · dividend paid 8 of 8 yrs, never cut
Insurance subsidiaries that sell products and services only in the United States and exclusively through independent insurance agents and wholesale brokers.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $93.24 · dividend paid 8 of 8 yrs, never cut
We are a growing specialty insurance company delivering commercial insurance products and solutions on a non-admitted and admitted basis, predominantly in the United States.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
Stewart Information Services Corporation is a customer-focused, global title insurance and real estate services company offering products and services through our direct operations, network of approved agencies and other companies within the Stewart family.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · dividend paid 10 of 10 yrs, never cut
An insurance business, read on its underwriting result, the combined ratio, and the float it invests, rather than an earnings multiple.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $29.97 · dividend paid 10 of 10 yrs, cut at least once
Tiptree, our mission is to build long-term value by allocating capital to select small and middle market companies across industries.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied · buybacks at an average near $6.48 · dividend paid 10 of 10 yrs, cut at least once
Travelers is a holding company that, through its subsidiaries, sells commercial and personal property and casualty insurance — coverage against damage, loss, and liability — to businesses, government units, associations, and individuals. It collects premiums up front, pays claims as they come due, and earns money two ways: on the gap between premiums taken in and claims paid out, and on the money held in between. It reaches customers through independent agents and brokers, agency aggregators and carrier-based agencies, and direct.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
We partner with managing general agents to offer delegated underwriting programs providing niche products, including marine specialty, professional liability and earthquake coverages.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
White Mountains Insurance Group Ltd. is an exempted Bermuda limited liability company whose principal businesses are conducted through its subsidiaries and affiliates.
Owner earningsnot applied to a balance-sheet business
Retained capitalnot applied to a balance-sheet business
Balance sheeta balance-sheet business; the net-cash read is not applied
The same four lines for every member, in strict ticker order; a figure that could not be read
renders as "not read," never as a mark against the record beside it. The header describes the
list and names no member; the entries carry no ranking and form no score. What a chapter
cannot carry — understanding of the business, and a price — is yours.
No company matches that. Try a ticker, or part of a name.
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