# Insurance - Property & Casualty — company-by-company sector analysis > Insurance - Property & Casualty: The Allstate Corporation owns the largest revenue base; White Mountains Insurance Group, Ltd. has the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-07-28. Not investment advice. ## Bottom line Insurance - Property & Casualty has outperformed S&P 500 by 6.4% over 52 weeks and 14.1% over 13 weeks. 20 of 30 covered companies beat the S&P 500 on Mansfield relative strength, while 12 of 30 beat the sector itself. The Allstate Corporation leads with income of $68,174 million, based on 21 of 30 comparable companies through Mar 2026. ### Is the Insurance - Property & Casualty sector outperforming S&P 500? Insurance - Property & Casualty has outperformed S&P 500 by 6.4% over 52 weeks and 14.1% over 13 weeks. 20 of 30 covered companies beat the S&P 500 on Mansfield relative strength, while 12 of 30 beat the sector itself. ### Which Insurance - Property & Casualty company is largest by income? The Allstate Corporation leads with income of $68,174 million, based on 21 of 30 comparable companies through Mar 2026. ### Which Insurance - Property & Casualty company is growing fastest? White Mountains Insurance Group, Ltd. has the fastest current income growth at 69.3%, across 21 of 30 comparable companies. ### Which Insurance - Property & Casualty company has the strongest 4-Factor Sector Score? Slide Insurance Holdings, Inc. ranks first at 75.4/100 with 70% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### Which Insurance - Property & Casualty company has the lowest comparable P/BV-to-ROE? Slide Insurance Holdings, Inc. has the lowest comparable P/BV ÷ ROE at 0.11, among 23 of 30 companies that pass the metric’s comparability rules. ### How much history does this Insurance - Property & Casualty comparison include? The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral. ## Sector relative strength Insurance - Property & Casualty has outperformed S&P 500 by 6.4% over the last 52 weeks. Over 13 weeks the gap is a lead of 14.1%. 20 of 30 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. United Fire Group, Inc. is the strongest against the sector itself at +18.7%. 13-week sector return versus NIFTY 500: 14% 52-week sector return versus NIFTY 500: 6.4% Stocks leading NIFTY: 20/30 Stocks leading sector: 12/30 Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change. Companies: 30 Combined market value: ₹6.5 L Cr ## 4-Factor Sector Score An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment. 1. Slide Insurance Holdings, Inc. (SLDE): 75/100 — Favorable setup; evidence 70% - Growth & earnings 24.7/35 | Capital efficiency 20.8/25 | Valuation 14.5/20 | Relative strength 15.4/20 - Exact sum: 24.7 + 20.8 + 14.5 + 15.4 = 75.4 - Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. 2. The Allstate Corporation (ALL): 69/100 — Favorable setup; evidence 76% - Growth & earnings 23.7/35 | Capital efficiency 15.6/25 | Valuation 12.1/20 | Relative strength 18.0/20 - Exact sum: 23.7 + 15.6 + 12.1 + 18 = 69.4 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 3. The Travelers Companies, Inc. (TRV): 61/100 — Mixed-positive evidence; evidence 60% - Growth & earnings 19.9/35 | Capital efficiency 15.0/25 | Valuation 7.8/20 | Relative strength 18.7/20 - Exact sum: 19.9 + 15 + 7.8 + 18.7 = 61.4 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 4. Mercury General Corporation (MCY): 59/100 — Mixed-positive evidence; evidence 67% - Growth & earnings 21.7/35 | Capital efficiency 15.1/25 | Valuation 10.2/20 | Relative strength 11.6/20 - Exact sum: 21.7 + 15.1 + 10.2 + 11.6 = 58.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 5. Skyward Specialty Insurance Group, Inc. (SKWD): 58/100 — Mixed-positive evidence; evidence 76% - Growth & earnings 19.5/35 | Capital efficiency 12.2/25 | Valuation 6.7/20 | Relative strength 19.1/20 - Exact sum: 19.5 + 12.2 + 6.7 + 19.1 = 57.5 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 6. United Fire Group, Inc. (UFCS): 57/100 — Mixed-positive evidence; evidence 70% - Growth & earnings 22.3/35 | Capital efficiency 9.8/25 | Valuation 8.3/20 | Relative strength 17.0/20 - Exact sum: 22.3 + 9.8 + 8.3 + 17 = 57.4 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 7. W. R. Berkley Corporation (WRB): 56/100 — Mixed-positive evidence; evidence 60% - Growth & earnings 21.4/35 | Capital efficiency 17.9/25 | Valuation 8.6/20 | Relative strength 8.5/20 - Exact sum: 21.4 + 17.9 + 8.6 + 8.5 = 56.4 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 8. The Hanover Insurance Group, Inc. (THG): 56/100 — Mixed-positive evidence; evidence 76% - Growth & earnings 20.4/35 | Capital efficiency 12.9/25 | Valuation 7.7/20 | Relative strength 15.2/20 - Exact sum: 20.4 + 12.9 + 7.7 + 15.2 = 56.2 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 9. RLI Corp. (RLI): 55/100 — Mixed-positive evidence; evidence 60% - Growth & earnings 20.5/35 | Capital efficiency 17.7/25 | Valuation 6.6/20 | Relative strength 9.9/20 - Exact sum: 20.5 + 17.7 + 6.6 + 9.9 = 54.7 - Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. 10. HCI Group, Inc. (HCI): 54/100 — Mixed-positive evidence; evidence 62% - Growth & earnings 22.2/35 | Capital efficiency 13.9/25 | Valuation 11.6/20 | Relative strength 6.2/20 - Exact sum: 22.2 + 13.9 + 11.6 + 6.2 = 53.9 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 11. Porch Group, Inc. (PRCH): 53/100 — Thin evidence · provisional; evidence 55% - Growth & earnings 20.3/35 | Capital efficiency 11.6/25 | Valuation 9.8/20 | Relative strength 11.1/20 - Exact sum: 20.3 + 11.6 + 9.8 + 11.1 = 52.8 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 12. Assurant, Inc. (AIZ): 53/100 — Mixed-positive evidence; evidence 76% - Growth & earnings 21.1/35 | Capital efficiency 11.3/25 | Valuation 5.9/20 | Relative strength 14.3/20 - Exact sum: 21.1 + 11.3 + 5.9 + 14.3 = 52.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 13. Palomar Holdings, Inc. (PLMR): 52/100 — Mixed-positive evidence; evidence 62% - Growth & earnings 21.7/35 | Capital efficiency 12.2/25 | Valuation 3.5/20 | Relative strength 14.7/20 - Exact sum: 21.7 + 12.2 + 3.5 + 14.7 = 52.1 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 14. Kinsale Capital Group, Inc. (KNSL): 48/100 — Mixed-negative evidence; evidence 60% - Growth & earnings 18.6/35 | Capital efficiency 18.3/25 | Valuation 5.1/20 | Relative strength 6.0/20 - Exact sum: 18.6 + 18.3 + 5.1 + 6 = 48 - Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. 15. Old Republic International Corporation (ORI): 46/100 — Mixed-negative evidence; evidence 60% - Growth & earnings 20.0/35 | Capital efficiency 12.3/25 | Valuation 7.4/20 | Relative strength 5.9/20 - Exact sum: 20 + 12.3 + 7.4 + 5.9 = 45.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 16. The Progressive Corporation (PGR): 45/100 — Mixed-negative evidence; evidence 60% - Growth & earnings 15.1/35 | Capital efficiency 18.3/25 | Valuation 5.6/20 | Relative strength 5.6/20 - Exact sum: 15.1 + 18.3 + 5.6 + 5.6 = 44.6 - Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. 17. Selective Insurance Group, Inc. (SIGI): 44/100 — Mixed-negative evidence; evidence 60% - Growth & earnings 18.2/35 | Capital efficiency 10.8/25 | Valuation 5.3/20 | Relative strength 10.0/20 - Exact sum: 18.2 + 10.8 + 5.3 + 10 = 44.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 18. Cincinnati Financial Corporation (CINF): 42/100 — Mixed-negative evidence; evidence 67% - Growth & earnings 22.9/35 | Capital efficiency 8.2/25 | Valuation 3.8/20 | Relative strength 7.5/20 - Exact sum: 22.9 + 8.2 + 3.8 + 7.5 = 42.4 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 19. Chubb Limited (CB): 42/100 — Mixed-negative evidence; evidence 60% - Growth & earnings 14.9/35 | Capital efficiency 12.2/25 | Valuation 4.9/20 | Relative strength 10.4/20 - Exact sum: 14.9 + 12.2 + 4.9 + 10.4 = 42.4 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 20. Safety Insurance Group, Inc. (SAFT): 42/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 9.6/35 | Capital efficiency 5.8/25 | Valuation 9.8/20 | Relative strength 16.7/20 - Exact sum: 9.6 + 5.8 + 9.8 + 16.7 = 41.9 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 21. White Mountains Insurance Group, Ltd. (WTM): 41/100 — Mixed-negative evidence; evidence 64% - Growth & earnings 21.3/35 | Capital efficiency 6.0/25 | Valuation 9.8/20 | Relative strength 4.1/20 - Exact sum: 21.3 + 6 + 9.8 + 4.1 = 41.2 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 22. Horace Mann Educators Corporation (HMN): 40/100 — Mixed-negative evidence; evidence 76% - Growth & earnings 16.8/35 | Capital efficiency 7.8/25 | Valuation 5.5/20 | Relative strength 9.9/20 - Exact sum: 16.8 + 7.8 + 5.5 + 9.9 = 40 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 23. CNA Financial Corporation (CNA): 40/100 — Mixed-negative evidence; evidence 76% - Growth & earnings 13.8/35 | Capital efficiency 8.0/25 | Valuation 4.5/20 | Relative strength 13.3/20 - Exact sum: 13.8 + 8 + 4.5 + 13.3 = 39.6 - Decision use: Price leads the evidence: RS versus the benchmark is 9.1%, but earnings trajectory is weak. Wait for revenue and profit confirmation. 24. Lemonade, Inc. (LMND): 39/100 — Thin evidence · provisional; evidence 55% - Growth & earnings 24.4/35 | Capital efficiency 4.1/25 | Valuation 9.0/20 | Relative strength 1.1/20 - Exact sum: 24.4 + 4.1 + 9 + 1.1 = 38.6 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. 25. Stewart Information Services Corporation (STC): 37/100 — Mixed-negative evidence; evidence 60% - Growth & earnings 17.4/35 | Capital efficiency 13.2/25 | Valuation 5.1/20 | Relative strength 1.1/20 - Exact sum: 17.4 + 13.2 + 5.1 + 1.1 = 36.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 26. Loews Corporation (L): 35/100 — Adverse evidence; evidence 76% - Growth & earnings 14.3/35 | Capital efficiency 8.1/25 | Valuation 4.2/20 | Relative strength 8.0/20 - Exact sum: 14.3 + 8.1 + 4.2 + 8 = 34.6 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 27. Hagerty, Inc. (HGTY): 32/100 — Adverse evidence; evidence 64% - Growth & earnings 12.8/35 | Capital efficiency 4.9/25 | Valuation 9.1/20 | Relative strength 5.0/20 - Exact sum: 12.8 + 4.9 + 9.1 + 5 = 31.8 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 28. Markel Group Inc. (MKL): 32/100 — Adverse evidence; evidence 64% - Growth & earnings 10.2/35 | Capital efficiency 6.0/25 | Valuation 9.8/20 | Relative strength 5.5/20 - Exact sum: 10.2 + 6 + 9.8 + 5.5 = 31.5 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 29. American Financial Group, Inc. (AFG): 31/100 — Adverse evidence; evidence 76% - Growth & earnings 12.1/35 | Capital efficiency 10.1/25 | Valuation 4.4/20 | Relative strength 4.3/20 - Exact sum: 12.1 + 10.1 + 4.4 + 4.3 = 30.9 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. 30. Kemper Corporation (KMPR): 25/100 — Thin evidence · provisional; evidence 58% - Growth & earnings 6.1/35 | Capital efficiency 5.8/25 | Valuation 9.8/20 | Relative strength 3.0/20 - Exact sum: 6.1 + 5.8 + 9.8 + 3 = 24.7 - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. ## Income Scale & Growth Durability What the numbers say: The Allstate Corporation is the scale leader at $68,174 million, 268.2% ahead of Loews Corporation. White Mountains Insurance Group, Ltd.'s growth is 69.3% from a $3,675 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: The Allstate Corporation is the scale benchmark; White Mountains Insurance Group, Ltd. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: The Allstate Corporation's growth falls below White Mountains Insurance Group, Ltd.'s for two consecutive comparable reports while operating margin also compresses. Evidence: The Allstate Corporation · $68,174 million | 268.2% versus #2 · Loews Corporation | 8/8 recent comparable periods | 21/30 companies · 564 observations Definition: For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year. ### Income — largest 1. The Allstate Corporation (ALL): ₹68.2K Cr 2. Loews Corporation (L): ₹18.5K Cr 3. Markel Group Inc. (MKL): ₹16.1K Cr 4. CNA Financial Corporation (CNA): ₹15.0K Cr 5. Assurant, Inc. (AIZ): ₹13.2K Cr ### Income growth — fastest growers 1. White Mountains Insurance Group, Ltd. (WTM): 69% 2. Palomar Holdings, Inc. (PLMR): 60% 3. Lemonade, Inc. (LMND): 51% 4. Slide Insurance Holdings, Inc. (SLDE): 36% 5. Skyward Specialty Insurance Group, Inc. (SKWD): 29% ### 20-quarter Income history - CB: Sep 2021 ₹10.8K Cr | Dec 2021 ₹10.8K Cr | Mar 2022 ₹9.6K Cr | Jun 2022 ₹9.9K Cr | Sep 2022 ₹12.1K Cr | Dec 2022 ₹11.3K Cr | Mar 2023 ₹11.1K Cr | Jun 2023 ₹11.8K Cr | Sep 2023 ₹13.9K Cr | Dec 2023 ₹13.3K Cr | Mar 2024 ₹12.9K Cr | Jun 2024 ₹13.8K Cr | Sep 2024 ₹14.8K Cr | Dec 2024 ₹14.6K Cr | Mar 2025 ₹13.4K Cr | Jun 2025 ₹15.5K Cr | Sep 2025 ₹16.2K Cr | Dec 2025 ₹15.6K Cr | Mar 2026 ₹14.8K Cr | Jun 2026 — - PGR: Sep 2021 ₹11.9K Cr | Dec 2021 ₹12.5K Cr | Mar 2022 ₹11.8K Cr | Jun 2022 ₹11.5K Cr | Sep 2022 ₹12.8K Cr | Dec 2022 ₹13.5K Cr | Mar 2023 ₹14.3K Cr | Jun 2023 ₹15.4K Cr | Sep 2023 ₹15.6K Cr | Dec 2023 ₹16.9K Cr | Mar 2024 ₹17.2K Cr | Jun 2024 ₹18.1K Cr | Sep 2024 ₹19.7K Cr | Dec 2024 ₹20.3K Cr | Mar 2025 ₹20.4K Cr | Jun 2025 ₹22.0K Cr | Sep 2025 ₹22.5K Cr | Dec 2025 ₹22.7K Cr | Mar 2026 ₹22.2K Cr | Jun 2026 — - TRV: Sep 2021 ₹8.8K Cr | Dec 2021 ₹9.0K Cr | Mar 2022 ₹8.8K Cr | Jun 2022 ₹9.1K Cr | Sep 2022 ₹9.3K Cr | Dec 2022 ₹9.6K Cr | Mar 2023 ₹9.7K Cr | Jun 2023 ₹10.1K Cr | Sep 2023 ₹10.6K Cr | Dec 2023 ₹10.9K Cr | Mar 2024 ₹11.2K Cr | Jun 2024 ₹11.3K Cr | Sep 2024 ₹11.9K Cr | Dec 2024 ₹12.0K Cr | Mar 2025 ₹11.8K Cr | Jun 2025 ₹12.1K Cr | Sep 2025 ₹12.5K Cr | Dec 2025 ₹12.4K Cr | Mar 2026 ₹11.9K Cr | Jun 2026 — - ALL: Sep 2021 ₹12.5K Cr | Dec 2021 ₹13.0K Cr | Mar 2022 ₹12.3K Cr | Jun 2022 ₹12.2K Cr | Sep 2022 ₹13.2K Cr | Dec 2022 ₹13.6K Cr | Mar 2023 ₹13.8K Cr | Jun 2023 ₹14.0K Cr | Sep 2023 ₹14.5K Cr | Dec 2023 ₹14.8K Cr | Mar 2024 ₹15.3K Cr | Jun 2024 ₹15.7K Cr | Sep 2024 ₹16.6K Cr | Dec 2024 ₹16.5K Cr | Mar 2025 ₹16.5K Cr | Jun 2025 ₹16.6K Cr | Sep 2025 ₹17.3K Cr | Dec 2025 ₹17.3K Cr | Mar 2026 ₹16.9K Cr | Jun 2026 — - WRB: Sep 2021 ₹2.4K Cr | Dec 2021 ₹2.6K Cr | Mar 2022 ₹2.9K Cr | Jun 2022 ₹2.5K Cr | Sep 2022 ₹2.7K Cr | Dec 2022 ₹3.0K Cr | Mar 2023 ₹2.9K Cr | Jun 2023 ₹3.0K Cr | Sep 2023 ₹3.0K Cr | Dec 2023 ₹3.2K Cr | Mar 2024 ₹3.3K Cr | Jun 2024 ₹3.3K Cr | Sep 2024 ₹3.4K Cr | Dec 2024 ₹3.7K Cr | Mar 2025 ₹3.5K Cr | Jun 2025 ₹3.7K Cr | Sep 2025 ₹3.8K Cr | Dec 2025 ₹3.7K Cr | Mar 2026 ₹3.7K Cr | Jun 2026 — - CINF: Sep 2021 ₹1.8K Cr | Dec 2021 ₹3.3K Cr | Mar 2022 ₹1.2K Cr | Jun 2022 ₹820 Cr | Sep 2022 ₹1.4K Cr | Dec 2022 ₹3.1K Cr | Mar 2023 ₹2.2K Cr | Jun 2023 ₹2.6K Cr | Sep 2023 ₹1.8K Cr | Dec 2023 ₹3.4K Cr | Mar 2024 ₹2.9K Cr | Jun 2024 ₹2.5K Cr | Sep 2024 ₹3.3K Cr | Dec 2024 ₹2.5K Cr | Mar 2025 ₹2.6K Cr | Jun 2025 ₹3.2K Cr | Sep 2025 ₹3.7K Cr | Dec 2025 ₹3.1K Cr | Mar 2026 ₹2.9K Cr | Jun 2026 — - MKL: Sep 2021 ₹2.7K Cr | Dec 2021 ₹3.8K Cr | Mar 2022 ₹2.6K Cr | Jun 2022 ₹1.8K Cr | Sep 2022 ₹3.1K Cr | Dec 2022 ₹4.2K Cr | Mar 2023 ₹3.6K Cr | Jun 2023 ₹4.1K Cr | Sep 2023 ₹3.4K Cr | Dec 2023 ₹4.6K Cr | Mar 2024 ₹4.5K Cr | Jun 2024 ₹3.7K Cr | Sep 2024 ₹3.7K Cr | Dec 2024 ₹3.7K Cr | Mar 2025 ₹3.5K Cr | Jun 2025 ₹4.6K Cr | Sep 2025 ₹3.9K Cr | Dec 2025 ₹4.0K Cr | Mar 2026 ₹3.6K Cr | Jun 2026 — - L: Sep 2021 ₹3.4K Cr | Dec 2021 ₹3.7K Cr | Mar 2022 ₹3.4K Cr | Jun 2022 ₹3.4K Cr | Sep 2022 ₹3.5K Cr | Dec 2022 ₹3.8K Cr | Mar 2023 ₹3.8K Cr | Jun 2023 ₹3.9K Cr | Sep 2023 ₹3.9K Cr | Dec 2023 ₹4.3K Cr | Mar 2024 ₹4.2K Cr | Jun 2024 ₹4.3K Cr | Sep 2024 ₹4.5K Cr | Dec 2024 ₹4.5K Cr | Mar 2025 ₹4.5K Cr | Jun 2025 ₹4.6K Cr | Sep 2025 ₹4.7K Cr | Dec 2025 ₹4.7K Cr | Mar 2026 ₹4.6K Cr | Jun 2026 — - CNA: Sep 2021 ₹3.0K Cr | Dec 2021 ₹3.1K Cr | Mar 2022 ₹2.9K Cr | Jun 2022 ₹2.9K Cr | Sep 2022 ₹3.0K Cr | Dec 2022 ₹3.1K Cr | Mar 2023 ₹3.2K Cr | Jun 2023 ₹3.3K Cr | Sep 2023 ₹3.3K Cr | Dec 2023 ₹3.5K Cr | Mar 2024 ₹3.4K Cr | Jun 2024 ₹3.5K Cr | Sep 2024 ₹3.6K Cr | Dec 2024 ₹3.7K Cr | Mar 2025 ₹3.6K Cr | Jun 2025 ₹3.7K Cr | Sep 2025 ₹3.8K Cr | Dec 2025 ₹3.8K Cr | Mar 2026 ₹3.7K Cr | Jun 2026 — - AIZ: Sep 2021 ₹2.6K Cr | Dec 2021 ₹2.6K Cr | Mar 2022 ₹2.5K Cr | Jun 2022 ₹2.5K Cr | Sep 2022 ₹2.5K Cr | Dec 2022 ₹2.7K Cr | Mar 2023 ₹2.6K Cr | Jun 2023 ₹2.7K Cr | Sep 2023 ₹2.8K Cr | Dec 2023 ₹3.0K Cr | Mar 2024 ₹2.9K Cr | Jun 2024 ₹2.9K Cr | Sep 2024 ₹3.0K Cr | Dec 2024 ₹3.1K Cr | Mar 2025 ₹3.1K Cr | Jun 2025 ₹3.2K Cr | Sep 2025 ₹3.2K Cr | Dec 2025 ₹3.4K Cr | Mar 2026 ₹3.4K Cr | Jun 2026 — - AFG: Sep 2021 ₹1.8K Cr | Dec 2021 ₹1.8K Cr | Mar 2022 ₹1.6K Cr | Jun 2022 ₹1.5K Cr | Sep 2022 ₹2.0K Cr | Dec 2022 ₹1.9K Cr | Mar 2023 ₹1.7K Cr | Jun 2023 ₹1.8K Cr | Sep 2023 ₹2.2K Cr | Dec 2023 ₹2.1K Cr | Mar 2024 ₹1.9K Cr | Jun 2024 ₹1.9K Cr | Sep 2024 ₹2.4K Cr | Dec 2024 ₹2.1K Cr | Mar 2025 ₹1.9K Cr | Jun 2025 ₹1.9K Cr | Sep 2025 ₹2.3K Cr | Dec 2025 ₹2.1K Cr | Mar 2026 ₹1.9K Cr | Jun 2026 — - ORI: Sep 2021 ₹2.0K Cr | Dec 2021 ₹2.7K Cr | Mar 2022 ₹2.2K Cr | Jun 2022 ₹1.8K Cr | Sep 2022 ₹1.7K Cr | Dec 2022 ₹2.3K Cr | Mar 2023 ₹1.8K Cr | Jun 2023 ₹1.8K Cr | Sep 2023 ₹1.8K Cr | Dec 2023 ₹1.9K Cr | Mar 2024 ₹2.0K Cr | Jun 2024 ₹1.9K Cr | Sep 2024 ₹2.3K Cr | Dec 2024 ₹2.0K Cr | Mar 2025 ₹2.1K Cr | Jun 2025 ₹2.2K Cr | Sep 2025 ₹2.4K Cr | Dec 2025 ₹2.4K Cr | Mar 2026 ₹2.4K Cr | Jun 2026 — - KNSL: Sep 2021 ₹165 Cr | Dec 2021 ₹197 Cr | Mar 2022 ₹180 Cr | Jun 2022 ₹184 Cr | Sep 2022 ₹222 Cr | Dec 2022 ₹248 Cr | Mar 2023 ₹263 Cr | Jun 2023 ₹296 Cr | Sep 2023 ₹314 Cr | Dec 2023 ₹351 Cr | Mar 2024 ₹373 Cr | Jun 2024 ₹385 Cr | Sep 2024 ₹418 Cr | Dec 2024 ₹412 Cr | Mar 2025 ₹423 Cr | Jun 2025 ₹470 Cr | Sep 2025 ₹498 Cr | Dec 2025 ₹483 Cr | Mar 2026 ₹467 Cr | Jun 2026 — - THG: Sep 2021 ₹1.3K Cr | Dec 2021 ₹1.4K Cr | Mar 2022 ₹1.3K Cr | Jun 2022 ₹1.3K Cr | Sep 2022 ₹1.4K Cr | Dec 2022 ₹1.5K Cr | Mar 2023 ₹1.4K Cr | Jun 2023 ₹1.5K Cr | Sep 2023 ₹1.5K Cr | Dec 2023 ₹1.5K Cr | Mar 2024 ₹1.6K Cr | Jun 2024 ₹1.5K Cr | Sep 2024 ₹1.6K Cr | Dec 2024 ₹1.6K Cr | Mar 2025 ₹1.6K Cr | Jun 2025 ₹1.7K Cr | Sep 2025 ₹1.7K Cr | Dec 2025 ₹1.7K Cr | Mar 2026 ₹1.7K Cr | Jun 2026 — - MCY: Sep 2021 ₹932 Cr | Dec 2021 ₹1.0K Cr | Mar 2022 ₹805 Cr | Jun 2022 ₹786 Cr | Sep 2022 ₹900 Cr | Dec 2022 ₹1.2K Cr | Mar 2023 ₹1.1K Cr | Jun 2023 ₹1.1K Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.4K Cr | Mar 2024 ₹1.3K Cr | Jun 2024 ₹1.3K Cr | Sep 2024 ₹1.5K Cr | Dec 2024 ₹1.4K Cr | Mar 2025 ₹1.4K Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.6K Cr | Dec 2025 ₹1.5K Cr | Mar 2026 ₹1.5K Cr | Jun 2026 — - RLI: Sep 2021 ₹270 Cr | Dec 2021 ₹323 Cr | Mar 2022 ₹265 Cr | Jun 2022 ₹213 Cr | Sep 2022 ₹859 Cr | Dec 2022 ₹361 Cr | Mar 2023 ₹365 Cr | Jun 2023 ₹382 Cr | Sep 2023 ₹332 Cr | Dec 2023 ₹434 Cr | Mar 2024 ₹445 Cr | Jun 2024 ₹416 Cr | Sep 2024 ₹470 Cr | Dec 2024 ₹439 Cr | Mar 2025 ₹408 Cr | Jun 2025 ₹500 Cr | Sep 2025 ₹509 Cr | Dec 2025 ₹466 Cr | Mar 2026 ₹424 Cr | Jun 2026 — - SIGI: Sep 2021 ₹865 Cr | Dec 2021 ₹870 Cr | Mar 2022 ₹846 Cr | Jun 2022 ₹865 Cr | Sep 2022 ₹895 Cr | Dec 2022 ₹952 Cr | Mar 2023 ₹1.0K Cr | Jun 2023 ₹1.0K Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.1K Cr | Mar 2024 ₹1.2K Cr | Jun 2024 ₹1.2K Cr | Sep 2024 ₹1.2K Cr | Dec 2024 ₹1.3K Cr | Mar 2025 ₹1.3K Cr | Jun 2025 ₹1.3K Cr | Sep 2025 ₹1.4K Cr | Dec 2025 ₹1.4K Cr | Mar 2026 ₹1.4K Cr | Jun 2026 — - WTM: Sep 2021 ₹-92 Cr | Dec 2021 ₹261 Cr | Mar 2022 ₹260 Cr | Jun 2022 ₹77 Cr | Sep 2022 ₹383 Cr | Dec 2022 ₹438 Cr | Mar 2023 ₹532 Cr | Jun 2023 ₹378 Cr | Sep 2023 ₹520 Cr | Dec 2023 ₹737 Cr | Mar 2024 ₹647 Cr | Jun 2024 ₹395 Cr | Sep 2024 ₹839 Cr | Dec 2024 ₹358 Cr | Mar 2025 ₹578 Cr | Jun 2025 ₹689 Cr | Sep 2025 ₹864 Cr | Dec 2025 ₹1.6K Cr | Mar 2026 ₹518 Cr | Jun 2026 — - LMND: Sep 2021 ₹36 Cr | Dec 2021 ₹41 Cr | Mar 2022 ₹44 Cr | Jun 2022 ₹50 Cr | Sep 2022 ₹74 Cr | Dec 2022 ₹88 Cr | Mar 2023 ₹95 Cr | Jun 2023 ₹105 Cr | Sep 2023 ₹115 Cr | Dec 2023 ₹116 Cr | Mar 2024 ₹119 Cr | Jun 2024 ₹122 Cr | Sep 2024 ₹137 Cr | Dec 2024 ₹149 Cr | Mar 2025 ₹151 Cr | Jun 2025 ₹164 Cr | Sep 2025 ₹195 Cr | Dec 2025 ₹228 Cr | Mar 2026 ₹258 Cr | Jun 2026 — - HGTY: Sep 2021 ₹168 Cr | Dec 2021 ₹154 Cr | Mar 2022 ₹168 Cr | Jun 2022 ₹206 Cr | Sep 2022 ₹217 Cr | Dec 2022 ₹197 Cr | Mar 2023 ₹218 Cr | Jun 2023 ₹261 Cr | Sep 2023 ₹276 Cr | Dec 2023 ₹272 Cr | Mar 2024 ₹272 Cr | Jun 2024 ₹313 Cr | Sep 2024 ₹323 Cr | Dec 2024 ₹292 Cr | Mar 2025 ₹328 Cr | Jun 2025 ₹369 Cr | Sep 2025 ₹380 Cr | Dec 2025 ₹388 Cr | Mar 2026 ₹312 Cr | Jun 2026 — - PLMR: Sep 2021 ₹68 Cr | Dec 2021 ₹73 Cr | Mar 2022 ₹78 Cr | Jun 2022 ₹80 Cr | Sep 2022 ₹81 Cr | Dec 2022 ₹89 Cr | Mar 2023 ₹89 Cr | Jun 2023 ₹90 Cr | Sep 2023 ₹91 Cr | Dec 2023 ₹105 Cr | Mar 2024 ₹119 Cr | Jun 2024 ₹131 Cr | Sep 2024 ₹149 Cr | Dec 2024 ₹156 Cr | Mar 2025 ₹175 Cr | Jun 2025 ₹203 Cr | Sep 2025 ₹245 Cr | Dec 2025 ₹253 Cr | Mar 2026 ₹279 Cr | Jun 2026 — - SKWD: Sep 2021 ₹138 Cr | Dec 2021 ₹147 Cr | Mar 2022 ₹153 Cr | Jun 2022 ₹144 Cr | Sep 2022 ₹158 Cr | Dec 2022 ₹187 Cr | Mar 2023 ₹190 Cr | Jun 2023 ₹211 Cr | Sep 2023 ₹239 Cr | Dec 2023 ₹246 Cr | Mar 2024 ₹265 Cr | Jun 2024 ₹280 Cr | Sep 2024 ₹301 Cr | Dec 2024 ₹304 Cr | Mar 2025 ₹329 Cr | Jun 2025 ₹320 Cr | Sep 2025 ₹383 Cr | Dec 2025 ₹386 Cr | Mar 2026 ₹476 Cr | Jun 2026 — - SLDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹106 Cr | Jun 2023 ₹106 Cr | Sep 2023 ₹103 Cr | Dec 2023 ₹154 Cr | Mar 2024 ₹199 Cr | Jun 2024 ₹209 Cr | Sep 2024 ₹200 Cr | Dec 2024 ₹238 Cr | Mar 2025 ₹282 Cr | Jun 2025 ₹262 Cr | Sep 2025 ₹266 Cr | Dec 2025 ₹347 Cr | Mar 2026 ₹389 Cr | Jun 2026 — - HCI: Sep 2021 ₹99 Cr | Dec 2021 ₹112 Cr | Mar 2022 ₹127 Cr | Jun 2022 ₹126 Cr | Sep 2022 ₹127 Cr | Dec 2022 ₹120 Cr | Mar 2023 ₹129 Cr | Jun 2023 ₹127 Cr | Sep 2023 ₹132 Cr | Dec 2023 ₹163 Cr | Mar 2024 ₹207 Cr | Jun 2024 ₹206 Cr | Sep 2024 ₹175 Cr | Dec 2024 ₹162 Cr | Mar 2025 ₹216 Cr | Jun 2025 ₹222 Cr | Sep 2025 ₹216 Cr | Dec 2025 ₹246 Cr | Mar 2026 ₹243 Cr | Jun 2026 — - HMN: Sep 2021 ₹330 Cr | Dec 2021 ₹331 Cr | Mar 2022 ₹347 Cr | Jun 2022 ₹346 Cr | Sep 2022 ₹343 Cr | Dec 2022 ₹346 Cr | Mar 2023 ₹354 Cr | Jun 2023 ₹356 Cr | Sep 2023 ₹379 Cr | Dec 2023 ₹403 Cr | Mar 2024 ₹386 Cr | Jun 2024 ₹388 Cr | Sep 2024 ₹412 Cr | Dec 2024 ₹409 Cr | Mar 2025 ₹416 Cr | Jun 2025 ₹412 Cr | Sep 2025 ₹439 Cr | Dec 2025 ₹435 Cr | Mar 2026 ₹429 Cr | Jun 2026 — - STC: Sep 2021 ₹837 Cr | Dec 2021 ₹930 Cr | Mar 2022 ₹853 Cr | Jun 2022 ₹844 Cr | Sep 2022 ₹716 Cr | Dec 2022 ₹656 Cr | Mar 2023 ₹524 Cr | Jun 2023 ₹549 Cr | Sep 2023 ₹602 Cr | Dec 2023 ₹582 Cr | Mar 2024 ₹554 Cr | Jun 2024 ₹602 Cr | Sep 2024 ₹668 Cr | Dec 2024 ₹666 Cr | Mar 2025 ₹612 Cr | Jun 2025 ₹722 Cr | Sep 2025 ₹797 Cr | Dec 2025 ₹791 Cr | Mar 2026 ₹781 Cr | Jun 2026 — - KMPR: Sep 2021 ₹1.5K Cr | Dec 2021 ₹1.4K Cr | Mar 2022 ₹1.4K Cr | Jun 2022 ₹1.4K Cr | Sep 2022 ₹1.4K Cr | Dec 2022 ₹1.4K Cr | Mar 2023 ₹1.3K Cr | Jun 2023 ₹1.3K Cr | Sep 2023 ₹1.2K Cr | Dec 2023 ₹1.2K Cr | Mar 2024 ₹1.1K Cr | Jun 2024 ₹1.1K Cr | Sep 2024 ₹1.2K Cr | Dec 2024 ₹1.2K Cr | Mar 2025 ₹1.2K Cr | Jun 2025 ₹1.2K Cr | Sep 2025 ₹1.2K Cr | Dec 2025 ₹1.1K Cr | Mar 2026 ₹1.1K Cr | Jun 2026 — - SAFT: Sep 2021 ₹214 Cr | Dec 2021 ₹226 Cr | Mar 2022 ₹195 Cr | Jun 2022 ₹184 Cr | Sep 2022 ₹192 Cr | Dec 2022 ₹227 Cr | Mar 2023 ₹214 Cr | Jun 2023 ₹229 Cr | Sep 2023 ₹229 Cr | Dec 2023 ₹258 Cr | Mar 2024 ₹268 Cr | Jun 2024 ₹270 Cr | Sep 2024 ₹295 Cr | Dec 2024 ₹287 Cr | Mar 2025 ₹301 Cr | Jun 2025 ₹316 Cr | Sep 2025 ₹327 Cr | Dec 2025 ₹319 Cr | Mar 2026 ₹315 Cr | Jun 2026 — - PRCH: Sep 2021 ₹63 Cr | Dec 2021 ₹52 Cr | Mar 2022 ₹64 Cr | Jun 2022 ₹71 Cr | Sep 2022 ₹77 Cr | Dec 2022 ₹64 Cr | Mar 2023 ₹87 Cr | Jun 2023 ₹99 Cr | Sep 2023 ₹130 Cr | Dec 2023 ₹115 Cr | Mar 2024 ₹115 Cr | Jun 2024 ₹111 Cr | Sep 2024 ₹111 Cr | Dec 2024 ₹100 Cr | Mar 2025 ₹105 Cr | Jun 2025 ₹119 Cr | Sep 2025 ₹118 Cr | Dec 2025 ₹140 Cr | Mar 2026 ₹121 Cr | Jun 2026 — - UFCS: Sep 2021 ₹249 Cr | Dec 2021 ₹273 Cr | Mar 2022 ₹245 Cr | Jun 2022 ₹220 Cr | Sep 2022 ₹236 Cr | Dec 2022 ₹280 Cr | Mar 2023 ₹267 Cr | Jun 2023 ₹267 Cr | Sep 2023 ₹274 Cr | Dec 2023 ₹287 Cr | Mar 2024 ₹296 Cr | Jun 2024 ₹301 Cr | Sep 2024 ₹323 Cr | Dec 2024 ₹333 Cr | Mar 2025 ₹331 Cr | Jun 2025 ₹335 Cr | Sep 2025 ₹354 Cr | Dec 2025 ₹366 Cr | Mar 2026 ₹369 Cr | Jun 2026 — ### 20-quarter Income growth history - CB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 2.5% | Sep 2022 12% | Dec 2022 4.9% | Mar 2023 15% | Jun 2023 20% | Sep 2023 14% | Dec 2023 17% | Mar 2024 17% | Jun 2024 17% | Sep 2024 7.2% | Dec 2024 9.8% | Mar 2025 3.6% | Jun 2025 12% | Sep 2025 9.0% | Dec 2025 6.9% | Mar 2026 11% | Jun 2026 — - PGR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -3.3% | Sep 2022 7.8% | Dec 2022 7.8% | Mar 2023 21% | Jun 2023 33% | Sep 2023 22% | Dec 2023 25% | Mar 2024 21% | Jun 2024 18% | Sep 2024 27% | Dec 2024 20% | Mar 2025 18% | Jun 2025 21% | Sep 2025 14% | Dec 2025 12% | Mar 2026 8.7% | Jun 2026 — - TRV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 5.2% | Sep 2022 5.7% | Dec 2022 6.9% | Mar 2023 10% | Jun 2023 11% | Sep 2023 14% | Dec 2023 13% | Mar 2024 16% | Jun 2024 12% | Sep 2024 12% | Dec 2024 9.9% | Mar 2025 5.2% | Jun 2025 7.4% | Sep 2025 4.8% | Dec 2025 3.5% | Mar 2026 1.0% | Jun 2026 — - ALL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -3.4% | Sep 2022 5.8% | Dec 2022 4.8% | Mar 2023 12% | Jun 2023 14% | Sep 2023 9.8% | Dec 2023 8.7% | Mar 2024 11% | Jun 2024 12% | Sep 2024 15% | Dec 2024 11% | Mar 2025 7.8% | Jun 2025 5.9% | Sep 2025 3.8% | Dec 2025 5.1% | Mar 2026 3.0% | Jun 2026 — - WRB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 9.5% | Sep 2022 12% | Dec 2022 17% | Mar 2023 -0.7% | Jun 2023 19% | Sep 2023 11% | Dec 2023 6.9% | Mar 2024 13% | Jun 2024 11% | Sep 2024 12% | Dec 2024 14% | Mar 2025 8.9% | Jun 2025 11% | Sep 2025 11% | Dec 2025 1.4% | Mar 2026 4.0% | Jun 2026 — - CINF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -64% | Sep 2022 -21% | Dec 2022 -6.2% | Mar 2023 84% | Jun 2023 218% | Sep 2023 28% | Dec 2023 7.7% | Mar 2024 31% | Jun 2024 -2.3% | Sep 2024 83% | Dec 2024 -24% | Mar 2025 -13% | Jun 2025 28% | Sep 2025 12% | Dec 2025 22% | Mar 2026 12% | Jun 2026 — - MKL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -49% | Sep 2022 14% | Dec 2022 12% | Mar 2023 40% | Jun 2023 131% | Sep 2023 10% | Dec 2023 10% | Mar 2024 23% | Jun 2024 -11% | Sep 2024 9.5% | Dec 2024 -20% | Mar 2025 -21% | Jun 2025 24% | Sep 2025 6.5% | Dec 2025 7.6% | Mar 2026 0.1% | Jun 2026 — - L: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -15% | Sep 2022 2.7% | Dec 2022 3.6% | Mar 2023 11% | Jun 2023 16% | Sep 2023 13% | Dec 2023 12% | Mar 2024 12% | Jun 2024 8.5% | Sep 2024 14% | Dec 2024 6.8% | Mar 2025 6.2% | Jun 2025 6.8% | Sep 2025 4.6% | Dec 2025 4.1% | Mar 2026 1.4% | Jun 2026 — - CNA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -3.4% | Sep 2022 -0.1% | Dec 2022 1.9% | Mar 2023 9.3% | Jun 2023 13% | Sep 2023 13% | Dec 2023 13% | Mar 2024 9.3% | Jun 2024 6.5% | Sep 2024 8.5% | Dec 2024 5.2% | Mar 2025 5.3% | Jun 2025 5.6% | Sep 2025 5.5% | Dec 2025 3.8% | Mar 2026 1.4% | Jun 2026 — - AIZ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -1.3% | Sep 2022 -3.4% | Dec 2022 3.0% | Mar 2023 6.4% | Jun 2023 8.8% | Sep 2023 8.9% | Dec 2023 12% | Mar 2024 9.0% | Jun 2024 7.1% | Sep 2024 7.0% | Dec 2024 4.1% | Mar 2025 6.7% | Jun 2025 8.0% | Sep 2025 8.9% | Dec 2025 7.9% | Mar 2026 11% | Jun 2026 — - AFG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.5% | Sep 2022 13% | Dec 2022 9.7% | Mar 2023 9.6% | Jun 2023 20% | Sep 2023 9.1% | Dec 2023 8.0% | Mar 2024 9.5% | Jun 2024 3.3% | Sep 2024 9.5% | Dec 2024 3.2% | Mar 2025 -2.6% | Jun 2025 1.3% | Sep 2025 -1.6% | Dec 2025 -4.0% | Mar 2026 -0.1% | Jun 2026 — - ORI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -20% | Sep 2022 -14% | Dec 2022 -14% | Mar 2023 -20% | Jun 2023 -0.7% | Sep 2023 2.3% | Dec 2023 -17% | Mar 2024 15% | Jun 2024 4.1% | Sep 2024 33% | Dec 2024 3.1% | Mar 2025 4.9% | Jun 2025 18% | Sep 2025 3.5% | Dec 2025 19% | Mar 2026 13% | Jun 2026 — - KNSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 20% | Sep 2022 35% | Dec 2022 26% | Mar 2023 46% | Jun 2023 61% | Sep 2023 41% | Dec 2023 42% | Mar 2024 42% | Jun 2024 30% | Sep 2024 33% | Dec 2024 17% | Mar 2025 13% | Jun 2025 22% | Sep 2025 19% | Dec 2025 17% | Mar 2026 10% | Jun 2026 — - THG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 0.1% | Sep 2022 7.1% | Dec 2022 7.3% | Mar 2023 8.5% | Jun 2023 16% | Sep 2023 11% | Dec 2023 3.4% | Mar 2024 7.4% | Jun 2024 2.2% | Sep 2024 3.2% | Dec 2024 3.6% | Mar 2025 3.4% | Jun 2025 7.6% | Sep 2025 6.4% | Dec 2025 5.6% | Mar 2026 6.1% | Jun 2026 — - MCY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -23% | Sep 2022 -3.4% | Dec 2022 9.8% | Mar 2023 38% | Jun 2023 38% | Sep 2023 18% | Dec 2023 19% | Mar 2024 15% | Jun 2024 21% | Sep 2024 44% | Dec 2024 -0.7% | Mar 2025 9.4% | Jun 2025 13% | Sep 2025 3.6% | Dec 2025 12% | Mar 2026 10% | Jun 2026 — - RLI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -29% | Sep 2022 218% | Dec 2022 12% | Mar 2023 38% | Jun 2023 79% | Sep 2023 -61% | Dec 2023 20% | Mar 2024 22% | Jun 2024 8.9% | Sep 2024 42% | Dec 2024 1.2% | Mar 2025 -8.3% | Jun 2025 20% | Sep 2025 8.3% | Dec 2025 6.2% | Mar 2026 3.9% | Jun 2026 — - SIGI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 2.9% | Sep 2022 3.5% | Dec 2022 9.4% | Mar 2023 18% | Jun 2023 20% | Sep 2023 21% | Dec 2023 17% | Mar 2024 17% | Jun 2024 15% | Sep 2024 15% | Dec 2024 13% | Mar 2025 10% | Jun 2025 11% | Sep 2025 9.3% | Dec 2025 8.7% | Mar 2026 5.8% | Jun 2026 — - WTM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -77% | Sep 2022 — | Dec 2022 68% | Mar 2023 105% | Jun 2023 391% | Sep 2023 36% | Dec 2023 68% | Mar 2024 22% | Jun 2024 4.5% | Sep 2024 61% | Dec 2024 -51% | Mar 2025 -11% | Jun 2025 74% | Sep 2025 3.0% | Dec 2025 348% | Mar 2026 -10% | Jun 2026 — - LMND: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 79% | Sep 2022 106% | Dec 2022 115% | Mar 2023 116% | Jun 2023 110% | Sep 2023 55% | Dec 2023 32% | Mar 2024 25% | Jun 2024 16% | Sep 2024 19% | Dec 2024 28% | Mar 2025 27% | Jun 2025 34% | Sep 2025 42% | Dec 2025 53% | Mar 2026 71% | Jun 2026 — - HGTY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 23% | Sep 2022 29% | Dec 2022 28% | Mar 2023 30% | Jun 2023 27% | Sep 2023 27% | Dec 2023 38% | Mar 2024 25% | Jun 2024 20% | Sep 2024 17% | Dec 2024 7.4% | Mar 2025 21% | Jun 2025 18% | Sep 2025 18% | Dec 2025 33% | Mar 2026 -4.9% | Jun 2026 — - PLMR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 38% | Sep 2022 19% | Dec 2022 22% | Mar 2023 14% | Jun 2023 13% | Sep 2023 12% | Dec 2023 18% | Mar 2024 34% | Jun 2024 46% | Sep 2024 64% | Dec 2024 49% | Mar 2025 47% | Jun 2025 55% | Sep 2025 64% | Dec 2025 62% | Mar 2026 59% | Jun 2026 — - SKWD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 9.1% | Sep 2022 14% | Dec 2022 27% | Mar 2023 24% | Jun 2023 47% | Sep 2023 51% | Dec 2023 32% | Mar 2024 39% | Jun 2024 33% | Sep 2024 26% | Dec 2024 24% | Mar 2025 24% | Jun 2025 14% | Sep 2025 27% | Dec 2025 27% | Mar 2026 45% | Jun 2026 — - SLDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 88% | Jun 2024 97% | Sep 2024 94% | Dec 2024 55% | Mar 2025 42% | Jun 2025 25% | Sep 2025 33% | Dec 2025 46% | Mar 2026 38% | Jun 2026 — - HCI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 24% | Sep 2022 28% | Dec 2022 7.1% | Mar 2023 1.6% | Jun 2023 0.8% | Sep 2023 3.9% | Dec 2023 36% | Mar 2024 60% | Jun 2024 62% | Sep 2024 33% | Dec 2024 -0.6% | Mar 2025 4.4% | Jun 2025 7.8% | Sep 2025 23% | Dec 2025 52% | Mar 2026 13% | Jun 2026 — - HMN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -0.3% | Sep 2022 3.9% | Dec 2022 4.5% | Mar 2023 2.0% | Jun 2023 2.9% | Sep 2023 11% | Dec 2023 16% | Mar 2024 9.0% | Jun 2024 9.0% | Sep 2024 8.7% | Dec 2024 1.5% | Mar 2025 7.8% | Jun 2025 6.2% | Sep 2025 6.6% | Dec 2025 6.4% | Mar 2026 3.1% | Jun 2026 — - STC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 3.1% | Sep 2022 -14% | Dec 2022 -29% | Mar 2023 -39% | Jun 2023 -35% | Sep 2023 -16% | Dec 2023 -11% | Mar 2024 5.7% | Jun 2024 9.7% | Sep 2024 11% | Dec 2024 14% | Mar 2025 10% | Jun 2025 20% | Sep 2025 19% | Dec 2025 19% | Mar 2026 28% | Jun 2026 — - KMPR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -6.0% | Sep 2022 -6.4% | Dec 2022 -2.0% | Mar 2023 -5.5% | Jun 2023 -11% | Sep 2023 -12% | Dec 2023 -14% | Mar 2024 -12% | Jun 2024 -11% | Sep 2024 -1.7% | Dec 2024 0.0% | Mar 2025 4.4% | Jun 2025 8.5% | Sep 2025 5.2% | Dec 2025 -4.7% | Mar 2026 -7.2% | Jun 2026 — - SAFT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -17% | Sep 2022 -10% | Dec 2022 0.4% | Mar 2023 9.7% | Jun 2023 24% | Sep 2023 19% | Dec 2023 14% | Mar 2024 25% | Jun 2024 18% | Sep 2024 29% | Dec 2024 11% | Mar 2025 12% | Jun 2025 17% | Sep 2025 11% | Dec 2025 11% | Mar 2026 4.7% | Jun 2026 — - PRCH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 39% | Sep 2022 22% | Dec 2022 23% | Mar 2023 36% | Jun 2023 39% | Sep 2023 69% | Dec 2023 80% | Mar 2024 32% | Jun 2024 12% | Sep 2024 -15% | Dec 2024 -13% | Mar 2025 -8.7% | Jun 2025 7.2% | Sep 2025 6.3% | Dec 2025 40% | Mar 2026 15% | Jun 2026 — - UFCS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -9.8% | Sep 2022 -5.2% | Dec 2022 2.6% | Mar 2023 9.0% | Jun 2023 21% | Sep 2023 16% | Dec 2023 2.5% | Mar 2024 11% | Jun 2024 13% | Sep 2024 18% | Dec 2024 16% | Mar 2025 12% | Jun 2025 11% | Sep 2025 9.6% | Dec 2025 9.9% | Mar 2026 11% | Jun 2026 — ## Profit Scale & Acceleration What the numbers say: The Allstate Corporation leads with $12,128 million of TTM profit, 339.9% above Cincinnati Financial Corporation. The Allstate Corporation shows ≥100% on the scoring scale (203.4% uncapped) growth from a $12,128 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale. Investor read: The Allstate Corporation sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current profit growth signal. Evidence: The Allstate Corporation · $12,128 million | 339.9% versus #2 · Cincinnati Financial Corporation | 5/8 recent comparable periods | 21/30 companies · 564 observations Definition: Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table. ### Net profit — largest 1. The Allstate Corporation (ALL): ₹12.1K Cr 2. Cincinnati Financial Corporation (CINF): ₹2.8K Cr 3. Markel Group Inc. (MKL): ₹1.8K Cr 4. Loews Corporation (L): ₹1.7K Cr 5. CNA Financial Corporation (CNA): ₹1.2K Cr ### Profit growth — fastest growers 1. The Allstate Corporation (ALL): 100% 2. HCI Group, Inc. (HCI): 100% 3. Slide Insurance Holdings, Inc. (SLDE): 100% 4. White Mountains Insurance Group, Ltd. (WTM): 100% 5. United Fire Group, Inc. (UFCS): 97% ### 20-quarter Net profit history - CB: Sep 2021 ₹1.8K Cr | Dec 2021 ₹2.1K Cr | Mar 2022 ₹2.0K Cr | Jun 2022 ₹1.2K Cr | Sep 2022 ₹792 Cr | Dec 2022 ₹1.3K Cr | Mar 2023 ₹1.9K Cr | Jun 2023 ₹1.8K Cr | Sep 2023 ₹2.0K Cr | Dec 2023 ₹3.3K Cr | Mar 2024 ₹2.3K Cr | Jun 2024 ₹2.2K Cr | Sep 2024 ₹2.5K Cr | Dec 2024 ₹2.6K Cr | Mar 2025 ₹1.3K Cr | Jun 2025 ₹3.0K Cr | Sep 2025 ₹3.1K Cr | Dec 2025 ₹3.2K Cr | Mar 2026 ₹2.3K Cr | Jun 2026 — - PGR: Sep 2021 ₹119 Cr | Dec 2021 ₹962 Cr | Mar 2022 ₹314 Cr | Jun 2022 ₹-543 Cr | Sep 2022 ₹124 Cr | Dec 2022 ₹827 Cr | Mar 2023 ₹448 Cr | Jun 2023 ₹345 Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹2.0K Cr | Mar 2024 ₹2.3K Cr | Jun 2024 ₹1.5K Cr | Sep 2024 ₹2.3K Cr | Dec 2024 ₹2.4K Cr | Mar 2025 ₹2.6K Cr | Jun 2025 ₹3.2K Cr | Sep 2025 ₹2.6K Cr | Dec 2025 ₹3.0K Cr | Mar 2026 ₹2.8K Cr | Jun 2026 — - TRV: Sep 2021 ₹662 Cr | Dec 2021 ₹1.3K Cr | Mar 2022 ₹1.0K Cr | Jun 2022 ₹551 Cr | Sep 2022 ₹454 Cr | Dec 2022 ₹819 Cr | Mar 2023 ₹975 Cr | Jun 2023 ₹-14 Cr | Sep 2023 ₹404 Cr | Dec 2023 ₹1.6K Cr | Mar 2024 ₹1.1K Cr | Jun 2024 ₹534 Cr | Sep 2024 ₹1.3K Cr | Dec 2024 ₹2.1K Cr | Mar 2025 ₹395 Cr | Jun 2025 ₹1.5K Cr | Sep 2025 ₹1.9K Cr | Dec 2025 ₹2.5K Cr | Mar 2026 ₹1.7K Cr | Jun 2026 — - ALL: Sep 2021 ₹531 Cr | Dec 2021 ₹806 Cr | Mar 2022 ₹650 Cr | Jun 2022 ₹-1.0K Cr | Sep 2022 ₹-674 Cr | Dec 2022 ₹-296 Cr | Mar 2023 ₹-321 Cr | Jun 2023 ₹-1.4K Cr | Sep 2023 ₹-4 Cr | Dec 2023 ₹1.5K Cr | Mar 2024 ₹1.2K Cr | Jun 2024 ₹347 Cr | Sep 2024 ₹1.2K Cr | Dec 2024 ₹1.9K Cr | Mar 2025 ₹596 Cr | Jun 2025 ₹2.1K Cr | Sep 2025 ₹3.7K Cr | Dec 2025 ₹3.8K Cr | Mar 2026 ₹2.5K Cr | Jun 2026 — - WRB: Sep 2021 ₹267 Cr | Dec 2021 ₹294 Cr | Mar 2022 ₹593 Cr | Jun 2022 ₹179 Cr | Sep 2022 ₹230 Cr | Dec 2022 ₹382 Cr | Mar 2023 ₹296 Cr | Jun 2023 ₹356 Cr | Sep 2023 ₹333 Cr | Dec 2023 ₹399 Cr | Mar 2024 ₹442 Cr | Jun 2024 ₹372 Cr | Sep 2024 ₹365 Cr | Dec 2024 ₹575 Cr | Mar 2025 ₹417 Cr | Jun 2025 ₹401 Cr | Sep 2025 ₹512 Cr | Dec 2025 ₹455 Cr | Mar 2026 ₹516 Cr | Jun 2026 — - CINF: Sep 2021 ₹153 Cr | Dec 2021 ₹1.5K Cr | Mar 2022 ₹-266 Cr | Jun 2022 ₹-818 Cr | Sep 2022 ₹-416 Cr | Dec 2022 ₹1.0K Cr | Mar 2023 ₹225 Cr | Jun 2023 ₹534 Cr | Sep 2023 ₹-99 Cr | Dec 2023 ₹1.2K Cr | Mar 2024 ₹755 Cr | Jun 2024 ₹312 Cr | Sep 2024 ₹820 Cr | Dec 2024 ₹405 Cr | Mar 2025 ₹-90 Cr | Jun 2025 ₹685 Cr | Sep 2025 ₹1.1K Cr | Dec 2025 ₹676 Cr | Mar 2026 ₹274 Cr | Jun 2026 — - MKL: Sep 2021 ₹190 Cr | Dec 2021 ₹873 Cr | Mar 2022 ₹-49 Cr | Jun 2022 ₹-883 Cr | Sep 2022 ₹117 Cr | Dec 2022 ₹712 Cr | Mar 2023 ₹538 Cr | Jun 2023 ₹716 Cr | Sep 2023 ₹53 Cr | Dec 2023 ₹794 Cr | Mar 2024 ₹1.0K Cr | Jun 2024 ₹290 Cr | Sep 2024 ₹947 Cr | Dec 2024 ₹561 Cr | Mar 2025 ₹129 Cr | Jun 2025 ₹677 Cr | Sep 2025 ₹764 Cr | Dec 2025 ₹582 Cr | Mar 2026 ₹-204 Cr | Jun 2026 — - L: Sep 2021 ₹246 Cr | Dec 2021 ₹353 Cr | Mar 2022 ₹352 Cr | Jun 2022 ₹187 Cr | Sep 2022 ₹-27 Cr | Dec 2022 ₹379 Cr | Mar 2023 ₹404 Cr | Jun 2023 ₹388 Cr | Sep 2023 ₹276 Cr | Dec 2023 ₹477 Cr | Mar 2024 ₹485 Cr | Jun 2024 ₹395 Cr | Sep 2024 ₹425 Cr | Dec 2024 ₹189 Cr | Mar 2025 ₹392 Cr | Jun 2025 ₹416 Cr | Sep 2025 ₹536 Cr | Dec 2025 ₹428 Cr | Mar 2026 ₹354 Cr | Jun 2026 — - CNA: Sep 2021 ₹256 Cr | Dec 2021 ₹248 Cr | Mar 2022 ₹295 Cr | Jun 2022 ₹190 Cr | Sep 2022 ₹-42 Cr | Dec 2022 ₹239 Cr | Mar 2023 ₹297 Cr | Jun 2023 ₹283 Cr | Sep 2023 ₹258 Cr | Dec 2023 ₹367 Cr | Mar 2024 ₹338 Cr | Jun 2024 ₹317 Cr | Sep 2024 ₹283 Cr | Dec 2024 ₹21 Cr | Mar 2025 ₹274 Cr | Jun 2025 ₹299 Cr | Sep 2025 ₹403 Cr | Dec 2025 ₹302 Cr | Mar 2026 ₹211 Cr | Jun 2026 — - AIZ: Sep 2021 ₹880 Cr | Dec 2021 ₹121 Cr | Mar 2022 ₹149 Cr | Jun 2022 ₹52 Cr | Sep 2022 ₹7 Cr | Dec 2022 ₹68 Cr | Mar 2023 ₹114 Cr | Jun 2023 ₹156 Cr | Sep 2023 ₹190 Cr | Dec 2023 ₹183 Cr | Mar 2024 ₹236 Cr | Jun 2024 ₹189 Cr | Sep 2024 ₹134 Cr | Dec 2024 ₹201 Cr | Mar 2025 ₹147 Cr | Jun 2025 ₹235 Cr | Sep 2025 ₹266 Cr | Dec 2025 ₹225 Cr | Mar 2026 ₹274 Cr | Jun 2026 — - AFG: Sep 2021 ₹219 Cr | Dec 2021 ₹355 Cr | Mar 2022 ₹290 Cr | Jun 2022 ₹167 Cr | Sep 2022 ₹165 Cr | Dec 2022 ₹276 Cr | Mar 2023 ₹212 Cr | Jun 2023 ₹200 Cr | Sep 2023 ₹177 Cr | Dec 2023 ₹263 Cr | Mar 2024 ₹242 Cr | Jun 2024 ₹209 Cr | Sep 2024 ₹181 Cr | Dec 2024 ₹255 Cr | Mar 2025 ₹154 Cr | Jun 2025 ₹174 Cr | Sep 2025 ₹215 Cr | Dec 2025 ₹299 Cr | Mar 2026 ₹191 Cr | Jun 2026 — - ORI: Sep 2021 ₹89 Cr | Dec 2021 ₹627 Cr | Mar 2022 ₹306 Cr | Jun 2022 ₹-40 Cr | Sep 2022 ₹-92 Cr | Dec 2022 ₹512 Cr | Mar 2023 ₹200 Cr | Jun 2023 ₹156 Cr | Sep 2023 ₹53 Cr | Dec 2023 ₹191 Cr | Mar 2024 ₹317 Cr | Jun 2024 ₹92 Cr | Sep 2024 ₹339 Cr | Dec 2024 ₹105 Cr | Mar 2025 ₹246 Cr | Jun 2025 ₹208 Cr | Sep 2025 ₹280 Cr | Dec 2025 ₹207 Cr | Mar 2026 ₹330 Cr | Jun 2026 — - KNSL: Sep 2021 ₹37 Cr | Dec 2021 ₹48 Cr | Mar 2022 ₹32 Cr | Jun 2022 ₹27 Cr | Sep 2022 ₹33 Cr | Dec 2022 ₹67 Cr | Mar 2023 ₹56 Cr | Jun 2023 ₹73 Cr | Sep 2023 ₹76 Cr | Dec 2023 ₹103 Cr | Mar 2024 ₹99 Cr | Jun 2024 ₹93 Cr | Sep 2024 ₹114 Cr | Dec 2024 ₹109 Cr | Mar 2025 ₹89 Cr | Jun 2025 ₹134 Cr | Sep 2025 ₹142 Cr | Dec 2025 ₹139 Cr | Mar 2026 ₹113 Cr | Jun 2026 — - THG: Sep 2021 ₹35 Cr | Dec 2021 ₹163 Cr | Mar 2022 ₹105 Cr | Jun 2022 ₹23 Cr | Sep 2022 ₹1 Cr | Dec 2022 ₹-12 Cr | Mar 2023 ₹-12 Cr | Jun 2023 ₹-70 Cr | Sep 2023 ₹8 Cr | Dec 2023 ₹107 Cr | Mar 2024 ₹116 Cr | Jun 2024 ₹40 Cr | Sep 2024 ₹102 Cr | Dec 2024 ₹167 Cr | Mar 2025 ₹128 Cr | Jun 2025 ₹157 Cr | Sep 2025 ₹179 Cr | Dec 2025 ₹197 Cr | Mar 2026 ₹187 Cr | Jun 2026 — - MCY: Sep 2021 ₹1 Cr | Dec 2021 ₹30 Cr | Mar 2022 ₹-197 Cr | Jun 2022 ₹-211 Cr | Sep 2022 ₹-98 Cr | Dec 2022 ₹-17 Cr | Mar 2023 ₹-45 Cr | Jun 2023 ₹-42 Cr | Sep 2023 ₹-8 Cr | Dec 2023 ₹191 Cr | Mar 2024 ₹73 Cr | Jun 2024 ₹63 Cr | Sep 2024 ₹231 Cr | Dec 2024 ₹101 Cr | Mar 2025 ₹-108 Cr | Jun 2025 ₹166 Cr | Sep 2025 ₹280 Cr | Dec 2025 ₹203 Cr | Mar 2026 ₹190 Cr | Jun 2026 — - RLI: Sep 2021 ₹29 Cr | Dec 2021 ₹95 Cr | Mar 2022 ₹48 Cr | Jun 2022 ₹-2 Cr | Sep 2022 ₹440 Cr | Dec 2022 ₹98 Cr | Mar 2023 ₹99 Cr | Jun 2023 ₹78 Cr | Sep 2023 ₹14 Cr | Dec 2023 ₹115 Cr | Mar 2024 ₹128 Cr | Jun 2024 ₹82 Cr | Sep 2024 ₹95 Cr | Dec 2024 ₹41 Cr | Mar 2025 ₹63 Cr | Jun 2025 ₹124 Cr | Sep 2025 ₹125 Cr | Dec 2025 ₹91 Cr | Mar 2026 ₹55 Cr | Jun 2026 — - SIGI: Sep 2021 ₹74 Cr | Dec 2021 ₹99 Cr | Mar 2022 ₹56 Cr | Jun 2022 ₹40 Cr | Sep 2022 ₹43 Cr | Dec 2022 ₹87 Cr | Mar 2023 ₹93 Cr | Jun 2023 ₹59 Cr | Sep 2023 ₹89 Cr | Dec 2023 ₹125 Cr | Mar 2024 ₹83 Cr | Jun 2024 ₹-63 Cr | Sep 2024 ₹92 Cr | Dec 2024 ₹96 Cr | Mar 2025 ₹110 Cr | Jun 2025 ₹86 Cr | Sep 2025 ₹115 Cr | Dec 2025 ₹155 Cr | Mar 2026 ₹98 Cr | Jun 2026 — - WTM: Sep 2021 ₹-384 Cr | Dec 2021 ₹40 Cr | Mar 2022 ₹-8 Cr | Jun 2022 ₹-210 Cr | Sep 2022 ₹870 Cr | Dec 2022 ₹62 Cr | Mar 2023 ₹187 Cr | Jun 2023 ₹17 Cr | Sep 2023 ₹14 Cr | Dec 2023 ₹363 Cr | Mar 2024 ₹222 Cr | Jun 2024 ₹-41 Cr | Sep 2024 ₹228 Cr | Dec 2024 ₹-124 Cr | Mar 2025 ₹63 Cr | Jun 2025 ₹164 Cr | Sep 2025 ₹162 Cr | Dec 2025 ₹814 Cr | Mar 2026 ₹-26 Cr | Jun 2026 — - LMND: Sep 2021 ₹-66 Cr | Dec 2021 ₹-70 Cr | Mar 2022 ₹-75 Cr | Jun 2022 ₹-68 Cr | Sep 2022 ₹-91 Cr | Dec 2022 ₹-64 Cr | Mar 2023 ₹-66 Cr | Jun 2023 ₹-67 Cr | Sep 2023 ₹-62 Cr | Dec 2023 ₹-42 Cr | Mar 2024 ₹-47 Cr | Jun 2024 ₹-57 Cr | Sep 2024 ₹-68 Cr | Dec 2024 ₹-30 Cr | Mar 2025 ₹-62 Cr | Jun 2025 ₹-44 Cr | Sep 2025 ₹-38 Cr | Dec 2025 ₹-22 Cr | Mar 2026 ₹-36 Cr | Jun 2026 — - HGTY: Sep 2021 ₹-1 Cr | Dec 2021 ₹-66 Cr | Mar 2022 ₹16 Cr | Jun 2022 ₹-6 Cr | Sep 2022 ₹24 Cr | Dec 2022 ₹-32 Cr | Mar 2023 ₹-15 Cr | Jun 2023 ₹16 Cr | Sep 2023 ₹19 Cr | Dec 2023 ₹9 Cr | Mar 2024 ₹8 Cr | Jun 2024 ₹43 Cr | Sep 2024 ₹19 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹27 Cr | Jun 2025 ₹47 Cr | Sep 2025 ₹46 Cr | Dec 2025 ₹29 Cr | Mar 2026 ₹-13 Cr | Jun 2026 — - PLMR: Sep 2021 ₹0 Cr | Dec 2021 ₹17 Cr | Mar 2022 ₹15 Cr | Jun 2022 ₹15 Cr | Sep 2022 ₹4 Cr | Dec 2022 ₹19 Cr | Mar 2023 ₹17 Cr | Jun 2023 ₹18 Cr | Sep 2023 ₹18 Cr | Dec 2023 ₹26 Cr | Mar 2024 ₹26 Cr | Jun 2024 ₹26 Cr | Sep 2024 ₹30 Cr | Dec 2024 ₹35 Cr | Mar 2025 ₹43 Cr | Jun 2025 ₹47 Cr | Sep 2025 ₹51 Cr | Dec 2025 ₹56 Cr | Mar 2026 ₹43 Cr | Jun 2026 — - SKWD: Sep 2021 ₹10 Cr | Dec 2021 ₹1 Cr | Mar 2022 ₹16 Cr | Jun 2022 ₹5 Cr | Sep 2022 ₹-2 Cr | Dec 2022 ₹26 Cr | Mar 2023 ₹16 Cr | Jun 2023 ₹19 Cr | Sep 2023 ₹22 Cr | Dec 2023 ₹29 Cr | Mar 2024 ₹37 Cr | Jun 2024 ₹31 Cr | Sep 2024 ₹37 Cr | Dec 2024 ₹14 Cr | Mar 2025 ₹42 Cr | Jun 2025 ₹39 Cr | Sep 2025 ₹46 Cr | Dec 2025 ₹43 Cr | Mar 2026 ₹50 Cr | Jun 2026 — - SLDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹20 Cr | Jun 2023 ₹20 Cr | Sep 2023 ₹14 Cr | Dec 2023 ₹33 Cr | Mar 2024 ₹55 Cr | Jun 2024 ₹54 Cr | Sep 2024 ₹18 Cr | Dec 2024 ₹75 Cr | Mar 2025 ₹93 Cr | Jun 2025 ₹70 Cr | Sep 2025 ₹111 Cr | Dec 2025 ₹170 Cr | Mar 2026 ₹140 Cr | Jun 2026 — - HCI: Sep 2021 ₹-5 Cr | Dec 2021 ₹1 Cr | Mar 2022 ₹3 Cr | Jun 2022 ₹-9 Cr | Sep 2022 ₹-52 Cr | Dec 2022 ₹3 Cr | Mar 2023 ₹18 Cr | Jun 2023 ₹15 Cr | Sep 2023 ₹16 Cr | Dec 2023 ₹41 Cr | Mar 2024 ₹57 Cr | Jun 2024 ₹57 Cr | Sep 2024 ₹9 Cr | Dec 2024 ₹4 Cr | Mar 2025 ₹74 Cr | Jun 2025 ₹70 Cr | Sep 2025 ₹68 Cr | Dec 2025 ₹108 Cr | Mar 2026 ₹85 Cr | Jun 2026 — - HMN: Sep 2021 ₹16 Cr | Dec 2021 ₹41 Cr | Mar 2022 ₹20 Cr | Jun 2022 ₹-4 Cr | Sep 2022 ₹20 Cr | Dec 2022 ₹-17 Cr | Mar 2023 ₹7 Cr | Jun 2023 ₹-13 Cr | Sep 2023 ₹12 Cr | Dec 2023 ₹40 Cr | Mar 2024 ₹27 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹34 Cr | Dec 2024 ₹38 Cr | Mar 2025 ₹38 Cr | Jun 2025 ₹29 Cr | Sep 2025 ₹58 Cr | Dec 2025 ₹36 Cr | Mar 2026 ₹41 Cr | Jun 2026 — - STC: Sep 2021 ₹93 Cr | Dec 2021 ₹91 Cr | Mar 2022 ₹62 Cr | Jun 2022 ₹67 Cr | Sep 2022 ₹35 Cr | Dec 2022 ₹18 Cr | Mar 2023 ₹-5 Cr | Jun 2023 ₹20 Cr | Sep 2023 ₹18 Cr | Dec 2023 ₹13 Cr | Mar 2024 ₹6 Cr | Jun 2024 ₹21 Cr | Sep 2024 ₹34 Cr | Dec 2024 ₹27 Cr | Mar 2025 ₹5 Cr | Jun 2025 ₹36 Cr | Sep 2025 ₹48 Cr | Dec 2025 ₹41 Cr | Mar 2026 ₹19 Cr | Jun 2026 — - KMPR: Sep 2021 ₹-75 Cr | Dec 2021 ₹-109 Cr | Mar 2022 ₹-86 Cr | Jun 2022 ₹-72 Cr | Sep 2022 ₹-75 Cr | Dec 2022 ₹-73 Cr | Mar 2023 ₹-80 Cr | Jun 2023 ₹-97 Cr | Sep 2023 ₹-146 Cr | Dec 2023 ₹64 Cr | Mar 2024 ₹70 Cr | Jun 2024 ₹74 Cr | Sep 2024 ₹72 Cr | Dec 2024 ₹96 Cr | Mar 2025 ₹97 Cr | Jun 2025 ₹70 Cr | Sep 2025 ₹-24 Cr | Dec 2025 ₹-10 Cr | Mar 2026 ₹-4 Cr | Jun 2026 — - SAFT: Sep 2021 ₹25 Cr | Dec 2021 ₹32 Cr | Mar 2022 ₹8 Cr | Jun 2022 ₹8 Cr | Sep 2022 ₹6 Cr | Dec 2022 ₹25 Cr | Mar 2023 ₹-12 Cr | Jun 2023 ₹17 Cr | Sep 2023 ₹2 Cr | Dec 2023 ₹12 Cr | Mar 2024 ₹20 Cr | Jun 2024 ₹17 Cr | Sep 2024 ₹26 Cr | Dec 2024 ₹8 Cr | Mar 2025 ₹22 Cr | Jun 2025 ₹29 Cr | Sep 2025 ₹28 Cr | Dec 2025 ₹20 Cr | Mar 2026 ₹-14 Cr | Jun 2026 — - PRCH: Sep 2021 ₹-5 Cr | Dec 2021 ₹-20 Cr | Mar 2022 ₹-9 Cr | Jun 2022 ₹-27 Cr | Sep 2022 ₹-84 Cr | Dec 2022 ₹-35 Cr | Mar 2023 ₹-39 Cr | Jun 2023 ₹-87 Cr | Sep 2023 ₹-6 Cr | Dec 2023 ₹-2 Cr | Mar 2024 ₹-13 Cr | Jun 2024 ₹-64 Cr | Sep 2024 ₹14 Cr | Dec 2024 ₹30 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹-1 Cr | Dec 2025 ₹4 Cr | Mar 2026 ₹2 Cr | Jun 2026 — - UFCS: Sep 2021 ₹-10 Cr | Dec 2021 ₹58 Cr | Mar 2022 ₹28 Cr | Jun 2022 ₹-10 Cr | Sep 2022 ₹-23 Cr | Dec 2022 ₹20 Cr | Mar 2023 ₹1 Cr | Jun 2023 ₹-56 Cr | Sep 2023 ₹6 Cr | Dec 2023 ₹20 Cr | Mar 2024 ₹14 Cr | Jun 2024 ₹-3 Cr | Sep 2024 ₹20 Cr | Dec 2024 ₹31 Cr | Mar 2025 ₹18 Cr | Jun 2025 ₹23 Cr | Sep 2025 ₹39 Cr | Dec 2025 ₹38 Cr | Mar 2026 ₹30 Cr | Jun 2026 — ### 20-quarter Profit growth history - CB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -47% | Sep 2022 -57% | Dec 2022 -39% | Mar 2023 -3.1% | Jun 2023 51% | Sep 2023 158% | Dec 2023 151% | Mar 2024 21% | Jun 2024 24% | Sep 2024 22% | Dec 2024 -20% | Mar 2025 -41% | Jun 2025 35% | Sep 2025 25% | Dec 2025 20% | Mar 2026 75% | Jun 2026 — - PGR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -169% | Sep 2022 4.2% | Dec 2022 -14% | Mar 2023 43% | Jun 2023 — | Sep 2023 804% | Dec 2023 140% | Mar 2024 420% | Jun 2024 323% | Sep 2024 108% | Dec 2024 19% | Mar 2025 10% | Jun 2025 118% | Sep 2025 12% | Dec 2025 25% | Mar 2026 9.8% | Jun 2026 — - TRV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -41% | Sep 2022 -31% | Dec 2022 -39% | Mar 2023 -4.2% | Jun 2023 -103% | Sep 2023 -11% | Dec 2023 99% | Mar 2024 15% | Jun 2024 — | Sep 2024 212% | Dec 2024 28% | Mar 2025 -65% | Jun 2025 183% | Sep 2025 50% | Dec 2025 20% | Mar 2026 333% | Jun 2026 — - ALL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -163% | Sep 2022 -227% | Dec 2022 -137% | Mar 2023 -149% | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 27% | Mar 2025 -50% | Jun 2025 505% | Sep 2025 222% | Dec 2025 102% | Mar 2026 312% | Jun 2026 — - WRB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -25% | Sep 2022 -14% | Dec 2022 30% | Mar 2023 -50% | Jun 2023 99% | Sep 2023 45% | Dec 2023 4.5% | Mar 2024 49% | Jun 2024 4.5% | Sep 2024 9.6% | Dec 2024 44% | Mar 2025 -5.7% | Jun 2025 7.8% | Sep 2025 40% | Dec 2025 -21% | Mar 2026 24% | Jun 2026 — - CINF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -216% | Sep 2022 -372% | Dec 2022 -32% | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 17% | Mar 2024 236% | Jun 2024 -42% | Sep 2024 — | Dec 2024 -66% | Mar 2025 -112% | Jun 2025 120% | Sep 2025 37% | Dec 2025 67% | Mar 2026 — | Jun 2026 — - MKL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -210% | Sep 2022 -38% | Dec 2022 -18% | Mar 2023 — | Jun 2023 — | Sep 2023 -55% | Dec 2023 12% | Mar 2024 95% | Jun 2024 -60% | Sep 2024 1,687% | Dec 2024 -29% | Mar 2025 -88% | Jun 2025 133% | Sep 2025 -19% | Dec 2025 3.7% | Mar 2026 -258% | Jun 2026 — - L: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -76% | Sep 2022 -111% | Dec 2022 7.4% | Mar 2023 15% | Jun 2023 107% | Sep 2023 — | Dec 2023 26% | Mar 2024 20% | Jun 2024 1.8% | Sep 2024 54% | Dec 2024 -60% | Mar 2025 -19% | Jun 2025 5.3% | Sep 2025 26% | Dec 2025 126% | Mar 2026 -9.7% | Jun 2026 — - CNA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -48% | Sep 2022 -116% | Dec 2022 -3.6% | Mar 2023 0.7% | Jun 2023 49% | Sep 2023 — | Dec 2023 54% | Mar 2024 14% | Jun 2024 12% | Sep 2024 9.7% | Dec 2024 -94% | Mar 2025 -19% | Jun 2025 -5.7% | Sep 2025 42% | Dec 2025 1,338% | Mar 2026 -23% | Jun 2026 — - AIZ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -75% | Sep 2022 -99% | Dec 2022 -44% | Mar 2023 -23% | Jun 2023 200% | Sep 2023 2,614% | Dec 2023 169% | Mar 2024 107% | Jun 2024 21% | Sep 2024 -29% | Dec 2024 9.8% | Mar 2025 -38% | Jun 2025 24% | Sep 2025 99% | Dec 2025 12% | Mar 2026 86% | Jun 2026 — - AFG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -30% | Sep 2022 -25% | Dec 2022 -22% | Mar 2023 -27% | Jun 2023 20% | Sep 2023 7.3% | Dec 2023 -4.7% | Mar 2024 14% | Jun 2024 4.5% | Sep 2024 2.3% | Dec 2024 -3.0% | Mar 2025 -36% | Jun 2025 -17% | Sep 2025 19% | Dec 2025 17% | Mar 2026 24% | Jun 2026 — - ORI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -113% | Sep 2022 -203% | Dec 2022 -18% | Mar 2023 -35% | Jun 2023 — | Sep 2023 — | Dec 2023 -63% | Mar 2024 59% | Jun 2024 -41% | Sep 2024 540% | Dec 2024 -45% | Mar 2025 -22% | Jun 2025 126% | Sep 2025 -17% | Dec 2025 97% | Mar 2026 34% | Jun 2026 — - KNSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -25% | Sep 2022 -11% | Dec 2022 40% | Mar 2023 75% | Jun 2023 170% | Sep 2023 130% | Dec 2023 54% | Mar 2024 77% | Jun 2024 27% | Sep 2024 50% | Dec 2024 5.8% | Mar 2025 -10% | Jun 2025 44% | Sep 2025 25% | Dec 2025 28% | Mar 2026 27% | Jun 2026 — - THG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -82% | Sep 2022 -97% | Dec 2022 -107% | Mar 2023 -111% | Jun 2023 -404% | Sep 2023 700% | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 1,175% | Dec 2024 56% | Mar 2025 10% | Jun 2025 293% | Sep 2025 75% | Dec 2025 18% | Mar 2026 46% | Jun 2026 — - MCY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -294% | Sep 2022 -9,900% | Dec 2022 -157% | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 -47% | Mar 2025 -248% | Jun 2025 163% | Sep 2025 21% | Dec 2025 101% | Mar 2026 — | Jun 2026 — - RLI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -102% | Sep 2022 1,417% | Dec 2022 3.2% | Mar 2023 106% | Jun 2023 — | Sep 2023 -97% | Dec 2023 17% | Mar 2024 29% | Jun 2024 5.1% | Sep 2024 579% | Dec 2024 -64% | Mar 2025 -51% | Jun 2025 51% | Sep 2025 32% | Dec 2025 122% | Mar 2026 -13% | Jun 2026 — - SIGI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -67% | Sep 2022 -42% | Dec 2022 -12% | Mar 2023 66% | Jun 2023 48% | Sep 2023 107% | Dec 2023 44% | Mar 2024 -11% | Jun 2024 -207% | Sep 2024 3.4% | Dec 2024 -23% | Mar 2025 33% | Jun 2025 — | Sep 2025 25% | Dec 2025 61% | Mar 2026 -11% | Jun 2026 — - WTM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -258% | Sep 2022 — | Dec 2022 55% | Mar 2023 — | Jun 2023 — | Sep 2023 -98% | Dec 2023 485% | Mar 2024 19% | Jun 2024 -341% | Sep 2024 1,529% | Dec 2024 -134% | Mar 2025 -72% | Jun 2025 — | Sep 2025 -29% | Dec 2025 — | Mar 2026 -141% | Jun 2026 — - HGTY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -146% | Sep 2022 — | Dec 2022 — | Mar 2023 -194% | Jun 2023 — | Sep 2023 -21% | Dec 2023 — | Mar 2024 — | Jun 2024 169% | Sep 2024 0.0% | Dec 2024 -11% | Mar 2025 238% | Jun 2025 9.3% | Sep 2025 142% | Dec 2025 263% | Mar 2026 -148% | Jun 2026 — - PLMR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 25% | Sep 2022 — | Dec 2022 12% | Mar 2023 13% | Jun 2023 20% | Sep 2023 350% | Dec 2023 37% | Mar 2024 53% | Jun 2024 44% | Sep 2024 67% | Dec 2024 35% | Mar 2025 65% | Jun 2025 81% | Sep 2025 70% | Dec 2025 60% | Mar 2026 0.0% | Jun 2026 — - SKWD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -58% | Sep 2022 -120% | Dec 2022 2,500% | Mar 2023 0.0% | Jun 2023 280% | Sep 2023 — | Dec 2023 12% | Mar 2024 131% | Jun 2024 63% | Sep 2024 68% | Dec 2024 -52% | Mar 2025 14% | Jun 2025 26% | Sep 2025 24% | Dec 2025 207% | Mar 2026 19% | Jun 2026 — - SLDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 175% | Jun 2024 170% | Sep 2024 29% | Dec 2024 127% | Mar 2025 69% | Jun 2025 30% | Sep 2025 517% | Dec 2025 127% | Mar 2026 51% | Jun 2026 — - HCI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -325% | Sep 2022 — | Dec 2022 200% | Mar 2023 500% | Jun 2023 — | Sep 2023 — | Dec 2023 1,267% | Mar 2024 217% | Jun 2024 280% | Sep 2024 -44% | Dec 2024 -90% | Mar 2025 30% | Jun 2025 23% | Sep 2025 656% | Dec 2025 2,600% | Mar 2026 15% | Jun 2026 — - HMN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -109% | Sep 2022 25% | Dec 2022 -141% | Mar 2023 -65% | Jun 2023 — | Sep 2023 -40% | Dec 2023 — | Mar 2024 286% | Jun 2024 — | Sep 2024 183% | Dec 2024 -5.0% | Mar 2025 41% | Jun 2025 625% | Sep 2025 71% | Dec 2025 -5.3% | Mar 2026 7.9% | Jun 2026 — - STC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -32% | Sep 2022 -62% | Dec 2022 -80% | Mar 2023 -108% | Jun 2023 -70% | Sep 2023 -49% | Dec 2023 -28% | Mar 2024 — | Jun 2024 5.0% | Sep 2024 89% | Dec 2024 108% | Mar 2025 -17% | Jun 2025 71% | Sep 2025 41% | Dec 2025 52% | Mar 2026 280% | Jun 2026 — - KMPR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 50% | Mar 2025 39% | Jun 2025 -5.4% | Sep 2025 -133% | Dec 2025 -110% | Mar 2026 -104% | Jun 2026 — - SAFT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -79% | Sep 2022 -76% | Dec 2022 -22% | Mar 2023 -250% | Jun 2023 113% | Sep 2023 -67% | Dec 2023 -52% | Mar 2024 — | Jun 2024 0.0% | Sep 2024 1,200% | Dec 2024 -33% | Mar 2025 10% | Jun 2025 71% | Sep 2025 7.7% | Dec 2025 150% | Mar 2026 -164% | Jun 2026 — - PRCH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 -107% | Dec 2025 -87% | Mar 2026 -50% | Jun 2026 — - UFCS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -171% | Sep 2022 — | Dec 2022 -66% | Mar 2023 -96% | Jun 2023 — | Sep 2023 — | Dec 2023 0.0% | Mar 2024 1,300% | Jun 2024 — | Sep 2024 233% | Dec 2024 55% | Mar 2025 29% | Jun 2025 — | Sep 2025 95% | Dec 2025 23% | Mar 2026 67% | Jun 2026 — ## Funding Base & Its Composition What the numbers say: There is not enough comparable evidence to name a reliable deposits leader. Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current borrowings signal. Evidence: No comparable leader | Not enough peers | Not enough history | 0/30 companies · 0 observations Definition: For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive. ### Deposits — largest deposit bases ### Borrowings — largest borrowings 1. Loews Corporation (L): ₹8.9K Cr 2. Cincinnati Financial Corporation (CINF): ₹859 Cr 3. Porch Group, Inc. (PRCH): ₹391 Cr 4. Palomar Holdings, Inc. (PLMR): ₹297 Cr 5. Stewart Information Services Corporation (STC): ₹124 Cr ### 20-quarter Deposits history ### 20-quarter Borrowings history - CINF: Sep 2021 ₹845 Cr | Dec 2021 ₹843 Cr | Mar 2022 ₹841 Cr | Jun 2022 ₹841 Cr | Sep 2022 ₹843 Cr | Dec 2022 ₹841 Cr | Mar 2023 ₹845 Cr | Jun 2023 ₹842 Cr | Sep 2023 ₹844 Cr | Dec 2023 ₹849 Cr | Mar 2024 ₹848 Cr | Jun 2024 ₹849 Cr | Sep 2024 ₹849 Cr | Dec 2024 ₹850 Cr | Mar 2025 ₹853 Cr | Jun 2025 ₹859 Cr | Sep 2025 ₹858 Cr | Dec 2025 ₹861 Cr | Mar 2026 ₹859 Cr | Jun 2026 — - L: Sep 2021 ₹9.1K Cr | Dec 2021 ₹9.1K Cr | Mar 2022 ₹9.3K Cr | Jun 2022 ₹9.3K Cr | Sep 2022 ₹9.3K Cr | Dec 2022 ₹9.0K Cr | Mar 2023 ₹9.1K Cr | Jun 2023 ₹9.1K Cr | Sep 2023 ₹9.2K Cr | Dec 2023 ₹1.1K Cr | Mar 2024 ₹10.1K Cr | Jun 2024 ₹8.6K Cr | Sep 2024 ₹9.5K Cr | Dec 2024 ₹8.9K Cr | Mar 2025 ₹8.9K Cr | Jun 2025 ₹8.9K Cr | Sep 2025 ₹9.4K Cr | Dec 2025 ₹9.5K Cr | Mar 2026 ₹8.9K Cr | Jun 2026 — - MCY: Sep 2021 ₹37 Cr | Dec 2021 ₹35 Cr | Mar 2022 ₹32 Cr | Jun 2022 ₹166 Cr | Sep 2022 ₹26 Cr | Dec 2022 ₹22 Cr | Mar 2023 ₹19 Cr | Jun 2023 ₹20 Cr | Sep 2023 ₹19 Cr | Dec 2023 ₹14 Cr | Mar 2024 ₹14 Cr | Jun 2024 ₹14 Cr | Sep 2024 ₹14 Cr | Dec 2024 ₹14 Cr | Mar 2025 ₹18 Cr | Jun 2025 ₹16 Cr | Sep 2025 ₹14 Cr | Dec 2025 ₹12 Cr | Mar 2026 ₹13 Cr | Jun 2026 — - HGTY: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹0 Cr | Jun 2022 ₹0 Cr | Sep 2022 ₹0 Cr | Dec 2022 ₹81 Cr | Mar 2023 ₹79 Cr | Jun 2023 ₹77 Cr | Sep 2023 ₹52 Cr | Dec 2023 ₹50 Cr | Mar 2024 ₹49 Cr | Jun 2024 ₹47 Cr | Sep 2024 ₹45 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹42 Cr | Jun 2025 ₹41 Cr | Sep 2025 ₹41 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹0 Cr | Jun 2026 — - PLMR: Sep 2021 ₹0 Cr | Dec 2021 ₹0 Cr | Mar 2022 ₹15 Cr | Jun 2022 ₹23 Cr | Sep 2022 ₹26 Cr | Dec 2022 ₹36 Cr | Mar 2023 ₹71 Cr | Jun 2023 ₹71 Cr | Sep 2023 ₹53 Cr | Dec 2023 ₹53 Cr | Mar 2024 ₹43 Cr | Jun 2024 ₹0 Cr | Sep 2024 ₹0 Cr | Dec 2024 ₹0 Cr | Mar 2025 ₹0 Cr | Jun 2025 ₹0 Cr | Sep 2025 ₹0 Cr | Dec 2025 ₹0 Cr | Mar 2026 ₹297 Cr | Jun 2026 — - SLDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 ₹8 Cr | Dec 2022 ₹8 Cr | Mar 2023 — | Jun 2023 — | Sep 2023 ₹7 Cr | Dec 2023 ₹7 Cr | Mar 2024 ₹7 Cr | Jun 2024 ₹7 Cr | Sep 2024 ₹7 Cr | Dec 2024 ₹9 Cr | Mar 2025 ₹9 Cr | Jun 2025 ₹8 Cr | Sep 2025 ₹10 Cr | Dec 2025 ₹10 Cr | Mar 2026 ₹9 Cr | Jun 2026 — - HCI: Sep 2021 ₹78 Cr | Dec 2021 ₹46 Cr | Mar 2022 ₹45 Cr | Jun 2022 ₹212 Cr | Sep 2022 ₹212 Cr | Dec 2022 ₹212 Cr | Mar 2023 ₹196 Cr | Jun 2023 ₹208 Cr | Sep 2023 ₹208 Cr | Dec 2023 ₹208 Cr | Mar 2024 ₹185 Cr | Jun 2024 ₹185 Cr | Sep 2024 ₹185 Cr | Dec 2024 ₹185 Cr | Mar 2025 ₹185 Cr | Jun 2025 ₹16 Cr | Sep 2025 ₹32 Cr | Dec 2025 ₹32 Cr | Mar 2026 ₹32 Cr | Jun 2026 — - STC: Sep 2021 ₹129 Cr | Dec 2021 ₹149 Cr | Mar 2022 ₹155 Cr | Jun 2022 ₹150 Cr | Sep 2022 ₹146 Cr | Dec 2022 ₹148 Cr | Mar 2023 ₹148 Cr | Jun 2023 ₹147 Cr | Sep 2023 ₹142 Cr | Dec 2023 ₹136 Cr | Mar 2024 ₹133 Cr | Jun 2024 ₹127 Cr | Sep 2024 ₹123 Cr | Dec 2024 ₹119 Cr | Mar 2025 ₹114 Cr | Jun 2025 ₹130 Cr | Sep 2025 ₹125 Cr | Dec 2025 ₹122 Cr | Mar 2026 ₹124 Cr | Jun 2026 ₹124 Cr - SAFT: Sep 2021 ₹27 Cr | Dec 2021 ₹27 Cr | Mar 2022 ₹27 Cr | Jun 2022 ₹25 Cr | Sep 2022 ₹24 Cr | Dec 2022 ₹23 Cr | Mar 2023 ₹22 Cr | Jun 2023 ₹22 Cr | Sep 2023 ₹21 Cr | Dec 2023 ₹20 Cr | Mar 2024 ₹19 Cr | Jun 2024 ₹18 Cr | Sep 2024 ₹17 Cr | Dec 2024 ₹16 Cr | Mar 2025 ₹15 Cr | Jun 2025 ₹14 Cr | Sep 2025 ₹13 Cr | Dec 2025 ₹12 Cr | Mar 2026 ₹11 Cr | Jun 2026 — - PRCH: Sep 2021 ₹418 Cr | Dec 2021 ₹417 Cr | Mar 2022 ₹417 Cr | Jun 2022 ₹420 Cr | Sep 2022 ₹434 Cr | Dec 2022 ₹442 Cr | Mar 2023 ₹438 Cr | Jun 2023 ₹435 Cr | Sep 2023 ₹435 Cr | Dec 2023 ₹436 Cr | Mar 2024 ₹432 Cr | Jun 2024 ₹437 Cr | Sep 2024 ₹399 Cr | Dec 2024 ₹404 Cr | Mar 2025 ₹409 Cr | Jun 2025 ₹394 Cr | Sep 2025 ₹387 Cr | Dec 2025 ₹385 Cr | Mar 2026 ₹391 Cr | Jun 2026 — ## Return On Assets What the numbers say: Slide Insurance Holdings, Inc. leads roa at 5.8%; Mercury General Corporation leads roa change at +3.4 percentage points. Investor read: Slide Insurance Holdings, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roa change signal. Evidence: Slide Insurance Holdings, Inc. · 5.8% | 93.3% versus #2 · Kinsale Capital Group, Inc. | 5/8 recent comparable periods | 28/30 companies · 535 observations Definition: ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset. ### ROA — highest 1. Slide Insurance Holdings, Inc. (SLDE): 5.8% 2. Kinsale Capital Group, Inc. (KNSL): 3.0% 3. The Progressive Corporation (PGR): 2.8% 4. RLI Corp. (RLI): 2.7% 5. Porch Group, Inc. (PRCH): 2.2% ### ROA change — fastest improvers 1. Mercury General Corporation (MCY): +3.4 pp 2. Porch Group, Inc. (PRCH): +2.4 pp 3. Lemonade, Inc. (LMND): +1.7 pp 4. The Allstate Corporation (ALL): +1.5 pp 5. W. R. Berkley Corporation (WRB): +1.2 pp ### 20-quarter ROA history - CB: Sep 2021 0.7% | Dec 2021 1.1% | Mar 2022 0.9% | Jun 2022 0.7% | Sep 2022 0.5% | Dec 2022 1.1% | Mar 2023 1.2% | Jun 2023 0.9% | Sep 2023 1.0% | Dec 2023 2.1% | Mar 2024 1.0% | Jun 2024 1.0% | Sep 2024 1.4% | Dec 2024 1.5% | Mar 2025 0.6% | Jun 2025 1.5% | Sep 2025 1.7% | Dec 2025 1.3% | Mar 2026 0.9% | Jun 2026 1.1% - PGR: Sep 2021 0.2% | Dec 2021 1.5% | Mar 2022 0.5% | Jun 2022 -0.7% | Sep 2022 0.2% | Dec 2022 1.2% | Mar 2023 0.6% | Jun 2023 0.5% | Sep 2023 1.5% | Dec 2023 2.5% | Mar 2024 2.7% | Jun 2024 1.7% | Sep 2024 2.5% | Dec 2024 2.5% | Mar 2025 2.6% | Jun 2025 3.0% | Sep 2025 2.4% | Dec 2025 2.6% | Mar 2026 2.5% | Jun 2026 2.8% - TRV: Sep 2021 0.6% | Dec 2021 1.2% | Mar 2022 0.9% | Jun 2022 0.5% | Sep 2022 0.5% | Dec 2022 0.8% | Mar 2023 0.9% | Jun 2023 0.0% | Sep 2023 0.4% | Dec 2023 1.4% | Mar 2024 1.0% | Jun 2024 0.5% | Sep 2024 1.0% | Dec 2024 1.7% | Mar 2025 0.4% | Jun 2025 1.2% | Sep 2025 1.4% | Dec 2025 1.9% | Mar 2026 1.3% | Jun 2026 1.6% - ALL: Sep 2021 0.2% | Dec 2021 1.1% | Mar 2022 0.6% | Jun 2022 -0.8% | Sep 2022 -0.5% | Dec 2022 -0.2% | Mar 2023 -0.3% | Jun 2023 -1.3% | Sep 2023 0.0% | Dec 2023 1.6% | Mar 2024 1.2% | Jun 2024 0.4% | Sep 2024 1.2% | Dec 2024 1.8% | Mar 2025 0.6% | Jun 2025 1.3% | Sep 2025 2.8% | Dec 2025 3.4% | Mar 2026 2.1% | Jun 2026 — - WRB: Sep 2021 1.0% | Dec 2021 1.1% | Mar 2022 2.0% | Jun 2022 0.7% | Sep 2022 0.8% | Dec 2022 1.2% | Mar 2023 1.0% | Jun 2023 1.1% | Sep 2023 1.0% | Dec 2023 1.2% | Mar 2024 1.3% | Jun 2024 1.1% | Sep 2024 1.0% | Dec 2024 1.5% | Mar 2025 1.1% | Jun 2025 1.0% | Sep 2025 1.3% | Dec 2025 1.1% | Mar 2026 1.3% | Jun 2026 2.2% - CINF: Sep 2021 0.6% | Dec 2021 5.1% | Mar 2022 -0.9% | Jun 2022 -2.7% | Sep 2022 -1.4% | Dec 2022 3.3% | Mar 2023 0.8% | Jun 2023 1.8% | Sep 2023 -0.3% | Dec 2023 3.8% | Mar 2024 2.4% | Jun 2024 1.0% | Sep 2024 2.4% | Dec 2024 1.2% | Mar 2025 -0.2% | Jun 2025 1.9% | Sep 2025 2.9% | Dec 2025 1.8% | Mar 2026 0.7% | Jun 2026 — - MKL: Sep 2021 0.4% | Dec 2021 2.0% | Mar 2022 -0.1% | Jun 2022 -2.0% | Sep 2022 0.1% | Dec 2022 1.7% | Mar 2023 1.2% | Jun 2023 1.5% | Sep 2023 0.1% | Dec 2023 1.7% | Mar 2024 1.9% | Jun 2024 0.6% | Sep 2024 1.9% | Dec 2024 0.8% | Mar 2025 0.4% | Jun 2025 1.4% | Sep 2025 1.2% | Dec 2025 1.0% | Mar 2026 -0.3% | Jun 2026 — - L: Sep 2021 0.4% | Dec 2021 0.5% | Mar 2022 0.5% | Jun 2022 0.3% | Sep 2022 0.0% | Dec 2022 0.6% | Mar 2023 0.6% | Jun 2023 0.6% | Sep 2023 0.4% | Dec 2023 0.7% | Mar 2024 0.7% | Jun 2024 0.6% | Sep 2024 0.6% | Dec 2024 0.4% | Mar 2025 0.6% | Jun 2025 0.6% | Sep 2025 0.7% | Dec 2025 0.6% | Mar 2026 0.5% | Jun 2026 — - CNA: Sep 2021 0.4% | Dec 2021 0.4% | Mar 2022 0.5% | Jun 2022 0.3% | Sep 2022 0.0% | Dec 2022 0.4% | Mar 2023 0.5% | Jun 2023 0.5% | Sep 2023 0.5% | Dec 2023 0.6% | Mar 2024 0.6% | Jun 2024 0.5% | Sep 2024 0.5% | Dec 2024 0.1% | Mar 2025 0.5% | Jun 2025 0.5% | Sep 2025 0.6% | Dec 2025 0.5% | Mar 2026 0.3% | Jun 2026 — - AIZ: Sep 2021 0.5% | Dec 2021 0.4% | Mar 2022 0.4% | Jun 2022 0.2% | Sep 2022 0.1% | Dec 2022 0.3% | Mar 2023 0.4% | Jun 2023 0.5% | Sep 2023 0.6% | Dec 2023 0.6% | Mar 2024 0.8% | Jun 2024 0.6% | Sep 2024 0.5% | Dec 2024 0.6% | Mar 2025 0.5% | Jun 2025 0.7% | Sep 2025 0.8% | Dec 2025 0.7% | Mar 2026 0.8% | Jun 2026 — - AFG: Sep 2021 0.4% | Dec 2021 0.7% | Mar 2022 0.6% | Jun 2022 0.6% | Sep 2022 0.6% | Dec 2022 1.0% | Mar 2023 0.7% | Jun 2023 0.7% | Sep 2023 0.6% | Dec 2023 0.9% | Mar 2024 0.8% | Jun 2024 0.7% | Sep 2024 0.6% | Dec 2024 0.8% | Mar 2025 0.5% | Jun 2025 0.6% | Sep 2025 0.6% | Dec 2025 0.9% | Mar 2026 0.6% | Jun 2026 — - ORI: Sep 2021 0.4% | Dec 2021 2.6% | Mar 2022 1.3% | Jun 2022 -0.2% | Sep 2022 -0.4% | Dec 2022 2.0% | Mar 2023 0.8% | Jun 2023 0.6% | Sep 2023 0.2% | Dec 2023 0.7% | Mar 2024 1.2% | Jun 2024 0.3% | Sep 2024 1.2% | Dec 2024 0.4% | Mar 2025 0.9% | Jun 2025 0.7% | Sep 2025 0.9% | Dec 2025 0.7% | Mar 2026 1.1% | Jun 2026 1.1% - KNSL: Sep 2021 2.2% | Dec 2021 4.1% | Mar 2022 1.7% | Jun 2022 1.4% | Sep 2022 1.6% | Dec 2022 3.6% | Mar 2023 2.3% | Jun 2023 2.7% | Sep 2023 2.6% | Dec 2023 4.1% | Mar 2024 2.9% | Jun 2024 2.5% | Sep 2024 2.8% | Dec 2024 3.3% | Mar 2025 1.9% | Jun 2025 2.7% | Sep 2025 2.7% | Dec 2025 3.3% | Mar 2026 2.0% | Jun 2026 3.0% - THG: Sep 2021 0.3% | Dec 2021 1.2% | Mar 2022 0.8% | Jun 2022 0.2% | Sep 2022 0.1% | Dec 2022 0.0% | Mar 2023 0.0% | Jun 2023 -0.5% | Sep 2023 -0.5% | Dec 2023 0.8% | Mar 2024 0.9% | Jun 2024 0.3% | Sep 2024 0.7% | Dec 2024 1.2% | Mar 2025 0.9% | Jun 2025 1.1% | Sep 2025 1.2% | Dec 2025 1.3% | Mar 2026 1.2% | Jun 2026 — - MCY: Sep 2021 0.0% | Dec 2021 0.5% | Mar 2022 -2.9% | Jun 2022 -3.1% | Sep 2022 -1.4% | Dec 2022 -0.2% | Mar 2023 -0.6% | Jun 2023 -0.6% | Sep 2023 -0.1% | Dec 2023 2.9% | Mar 2024 1.1% | Jun 2024 1.0% | Sep 2024 3.1% | Dec 2024 1.4% | Mar 2025 -1.3% | Jun 2025 2.0% | Sep 2025 3.3% | Dec 2025 2.3% | Mar 2026 2.1% | Jun 2026 — - RLI: Sep 2021 0.6% | Dec 2021 2.1% | Mar 2022 1.0% | Jun 2022 -0.1% | Sep 2022 9.4% | Dec 2022 2.0% | Mar 2023 2.1% | Jun 2023 1.6% | Sep 2023 0.3% | Dec 2023 2.3% | Mar 2024 2.5% | Jun 2024 1.5% | Sep 2024 1.8% | Dec 2024 1.0% | Mar 2025 1.1% | Jun 2025 2.1% | Sep 2025 2.1% | Dec 2025 1.7% | Mar 2026 0.9% | Jun 2026 2.7% - SIGI: Sep 2021 0.8% | Dec 2021 1.0% | Mar 2022 0.6% | Jun 2022 0.4% | Sep 2022 0.5% | Dec 2022 0.9% | Mar 2023 0.9% | Jun 2023 0.6% | Sep 2023 0.9% | Dec 2023 1.2% | Mar 2024 0.8% | Jun 2024 -0.5% | Sep 2024 0.8% | Dec 2024 0.8% | Mar 2025 0.9% | Jun 2025 0.7% | Sep 2025 0.9% | Dec 2025 1.2% | Mar 2026 0.7% | Jun 2026 0.9% - WTM: Sep 2021 -6.7% | Dec 2021 2.0% | Mar 2022 -0.1% | Jun 2022 -2.8% | Sep 2022 -0.2% | Dec 2022 0.9% | Mar 2023 2.6% | Jun 2023 0.4% | Sep 2023 0.3% | Dec 2023 4.8% | Mar 2024 2.7% | Jun 2024 -0.3% | Sep 2024 2.6% | Dec 2024 -1.2% | Mar 2025 1.0% | Jun 2025 1.6% | Sep 2025 1.6% | Dec 2025 7.5% | Mar 2026 0.0% | Jun 2026 — - LMND: Sep 2021 -5.6% | Dec 2021 -6.0% | Mar 2022 -5.0% | Jun 2022 -4.6% | Sep 2022 -5.7% | Dec 2022 -4.0% | Mar 2023 -4.2% | Jun 2023 -4.4% | Sep 2023 -3.7% | Dec 2023 -2.6% | Mar 2024 -2.9% | Jun 2024 -3.4% | Sep 2024 -3.9% | Dec 2024 -1.7% | Mar 2025 -3.6% | Jun 2025 -2.4% | Sep 2025 -2.0% | Dec 2025 -1.1% | Mar 2026 -1.9% | Jun 2026 — - HGTY: Sep 2021 -0.2% | Dec 2021 -2.6% | Mar 2022 -1.7% | Jun 2022 0.6% | Sep 2022 -2.9% | Dec 2022 -3.3% | Mar 2023 -1.9% | Jun 2023 1.0% | Sep 2023 0.9% | Dec 2023 1.4% | Mar 2024 0.5% | Jun 2024 2.0% | Sep 2024 0.6% | Dec 2024 0.4% | Mar 2025 1.7% | Jun 2025 2.2% | Sep 2025 6.0% | Dec 2025 3.8% | Mar 2026 -0.6% | Jun 2026 — - SKWD: Sep 2021 0.5% | Dec 2021 0.1% | Mar 2022 1.5% | Jun 2022 0.5% | Sep 2022 0.0% | Dec 2022 1.3% | Mar 2023 0.7% | Jun 2023 0.8% | Sep 2023 0.9% | Dec 2023 1.2% | Mar 2024 1.3% | Jun 2024 1.1% | Sep 2024 1.2% | Dec 2024 0.5% | Mar 2025 1.2% | Jun 2025 1.0% | Sep 2025 1.2% | Dec 2025 1.3% | Mar 2026 1.1% | Jun 2026 — - SLDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0% | Dec 2022 0.0% | Mar 2023 — | Jun 2023 — | Sep 2023 1.6% | Dec 2023 3.7% | Mar 2024 6.9% | Jun 2024 6.8% | Sep 2024 1.3% | Dec 2024 5.0% | Mar 2025 5.3% | Jun 2025 3.2% | Sep 2025 5.1% | Dec 2025 7.0% | Mar 2026 5.8% | Jun 2026 — - HMN: Sep 2021 0.1% | Dec 2021 0.3% | Mar 2022 0.2% | Jun 2022 0.0% | Sep 2022 0.2% | Dec 2022 -0.1% | Mar 2023 0.1% | Jun 2023 -0.1% | Sep 2023 0.1% | Dec 2023 0.3% | Mar 2024 0.2% | Jun 2024 0.1% | Sep 2024 0.3% | Dec 2024 0.3% | Mar 2025 0.3% | Jun 2025 0.3% | Sep 2025 0.4% | Dec 2025 0.3% | Mar 2026 0.3% | Jun 2026 — - STC: Sep 2021 4.5% | Dec 2021 3.9% | Mar 2022 2.7% | Jun 2022 2.9% | Sep 2022 1.5% | Dec 2022 0.8% | Mar 2023 -0.1% | Jun 2023 0.9% | Sep 2023 0.8% | Dec 2023 0.6% | Mar 2024 0.4% | Jun 2024 0.9% | Sep 2024 1.4% | Dec 2024 1.1% | Mar 2025 0.4% | Jun 2025 1.5% | Sep 2025 1.9% | Dec 2025 1.5% | Mar 2026 0.8% | Jun 2026 1.6% - KMPR: Sep 2021 -0.5% | Dec 2021 -0.7% | Mar 2022 -0.6% | Jun 2022 -0.5% | Sep 2022 -0.5% | Dec 2022 2.1% | Mar 2023 -0.6% | Jun 2023 -0.7% | Sep 2023 -1.1% | Dec 2023 2.9% | Mar 2024 0.6% | Jun 2024 0.7% | Sep 2024 1.0% | Dec 2024 1.1% | Mar 2025 0.8% | Jun 2025 0.6% | Sep 2025 -0.2% | Dec 2025 0.0% | Mar 2026 0.0% | Jun 2026 — - SAFT: Sep 2021 1.2% | Dec 2021 1.5% | Mar 2022 0.4% | Jun 2022 0.4% | Sep 2022 0.3% | Dec 2022 1.2% | Mar 2023 -0.6% | Jun 2023 0.9% | Sep 2023 0.1% | Dec 2023 0.6% | Mar 2024 1.0% | Jun 2024 0.8% | Sep 2024 1.2% | Dec 2024 0.4% | Mar 2025 1.0% | Jun 2025 1.3% | Sep 2025 1.2% | Dec 2025 0.9% | Mar 2026 -0.6% | Jun 2026 — - PRCH: Sep 2021 -1.5% | Dec 2021 -2.8% | Mar 2022 -4.1% | Jun 2022 -3.4% | Sep 2022 -7.8% | Dec 2022 -3.2% | Mar 2023 -3.7% | Jun 2023 -15% | Sep 2023 0.0% | Dec 2023 0.8% | Mar 2024 -3.6% | Jun 2024 -5.5% | Sep 2024 -0.3% | Dec 2024 2.9% | Mar 2025 -0.2% | Jun 2025 0.7% | Sep 2025 -0.6% | Dec 2025 2.0% | Mar 2026 2.2% | Jun 2026 — - UFCS: Sep 2021 -0.3% | Dec 2021 1.9% | Mar 2022 1.0% | Jun 2022 -0.3% | Sep 2022 -0.8% | Dec 2022 0.7% | Mar 2023 -19% | Jun 2023 -1.9% | Sep 2023 0.2% | Dec 2023 0.7% | Mar 2024 0.5% | Jun 2024 -0.1% | Sep 2024 0.7% | Dec 2024 1.0% | Mar 2025 0.6% | Jun 2025 0.7% | Sep 2025 1.1% | Dec 2025 1.1% | Mar 2026 0.9% | Jun 2026 — ### 20-quarter ROA change history - CB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.2 pp | Dec 2022 0.0 pp | Mar 2023 +0.3 pp | Jun 2023 +0.2 pp | Sep 2023 +0.5 pp | Dec 2023 +1.0 pp | Mar 2024 −0.2 pp | Jun 2024 +0.1 pp | Sep 2024 +0.4 pp | Dec 2024 −0.6 pp | Mar 2025 −0.4 pp | Jun 2025 +0.5 pp | Sep 2025 +0.3 pp | Dec 2025 −0.2 pp | Mar 2026 +0.3 pp | Jun 2026 −0.4 pp - PGR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 −0.3 pp | Mar 2023 +0.1 pp | Jun 2023 +1.2 pp | Sep 2023 +1.3 pp | Dec 2023 +1.3 pp | Mar 2024 +2.1 pp | Jun 2024 +1.2 pp | Sep 2024 +1.0 pp | Dec 2024 0.0 pp | Mar 2025 −0.1 pp | Jun 2025 +1.3 pp | Sep 2025 −0.1 pp | Dec 2025 +0.1 pp | Mar 2026 −0.1 pp | Jun 2026 −0.2 pp - TRV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 −0.4 pp | Mar 2023 0.0 pp | Jun 2023 −0.5 pp | Sep 2023 −0.1 pp | Dec 2023 +0.6 pp | Mar 2024 +0.1 pp | Jun 2024 +0.5 pp | Sep 2024 +0.6 pp | Dec 2024 +0.3 pp | Mar 2025 −0.6 pp | Jun 2025 +0.7 pp | Sep 2025 +0.4 pp | Dec 2025 +0.2 pp | Mar 2026 +0.9 pp | Jun 2026 +0.4 pp - ALL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.7 pp | Dec 2022 −1.3 pp | Mar 2023 −0.9 pp | Jun 2023 −0.5 pp | Sep 2023 +0.5 pp | Dec 2023 +1.8 pp | Mar 2024 +1.5 pp | Jun 2024 +1.7 pp | Sep 2024 +1.2 pp | Dec 2024 +0.2 pp | Mar 2025 −0.6 pp | Jun 2025 +0.9 pp | Sep 2025 +1.6 pp | Dec 2025 +1.6 pp | Mar 2026 +1.5 pp | Jun 2026 — - WRB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.2 pp | Dec 2022 +0.1 pp | Mar 2023 −1.0 pp | Jun 2023 +0.4 pp | Sep 2023 +0.2 pp | Dec 2023 0.0 pp | Mar 2024 +0.3 pp | Jun 2024 0.0 pp | Sep 2024 0.0 pp | Dec 2024 +0.3 pp | Mar 2025 −0.2 pp | Jun 2025 −0.1 pp | Sep 2025 +0.3 pp | Dec 2025 −0.4 pp | Mar 2026 +0.2 pp | Jun 2026 +1.2 pp - CINF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.0 pp | Dec 2022 −1.8 pp | Mar 2023 +1.7 pp | Jun 2023 +4.5 pp | Sep 2023 +1.1 pp | Dec 2023 +0.5 pp | Mar 2024 +1.6 pp | Jun 2024 −0.8 pp | Sep 2024 +2.7 pp | Dec 2024 −2.6 pp | Mar 2025 −2.6 pp | Jun 2025 +0.9 pp | Sep 2025 +0.5 pp | Dec 2025 +0.6 pp | Mar 2026 +0.9 pp | Jun 2026 — - MKL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.3 pp | Dec 2022 −0.3 pp | Mar 2023 +1.3 pp | Jun 2023 +3.5 pp | Sep 2023 0.0 pp | Dec 2023 0.0 pp | Mar 2024 +0.7 pp | Jun 2024 −0.9 pp | Sep 2024 +1.8 pp | Dec 2024 −0.9 pp | Mar 2025 −1.5 pp | Jun 2025 +0.8 pp | Sep 2025 −0.7 pp | Dec 2025 +0.2 pp | Mar 2026 −0.7 pp | Jun 2026 — - L: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.4 pp | Dec 2022 +0.1 pp | Mar 2023 +0.1 pp | Jun 2023 +0.3 pp | Sep 2023 +0.4 pp | Dec 2023 +0.1 pp | Mar 2024 +0.1 pp | Jun 2024 0.0 pp | Sep 2024 +0.2 pp | Dec 2024 −0.3 pp | Mar 2025 −0.1 pp | Jun 2025 0.0 pp | Sep 2025 +0.1 pp | Dec 2025 +0.2 pp | Mar 2026 −0.1 pp | Jun 2026 — - CNA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.4 pp | Dec 2022 0.0 pp | Mar 2023 0.0 pp | Jun 2023 +0.2 pp | Sep 2023 +0.5 pp | Dec 2023 +0.2 pp | Mar 2024 +0.1 pp | Jun 2024 0.0 pp | Sep 2024 0.0 pp | Dec 2024 −0.5 pp | Mar 2025 −0.1 pp | Jun 2025 0.0 pp | Sep 2025 +0.1 pp | Dec 2025 +0.4 pp | Mar 2026 −0.2 pp | Jun 2026 — - AIZ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.4 pp | Dec 2022 −0.1 pp | Mar 2023 0.0 pp | Jun 2023 +0.3 pp | Sep 2023 +0.5 pp | Dec 2023 +0.3 pp | Mar 2024 +0.4 pp | Jun 2024 +0.1 pp | Sep 2024 −0.1 pp | Dec 2024 0.0 pp | Mar 2025 −0.3 pp | Jun 2025 +0.1 pp | Sep 2025 +0.3 pp | Dec 2025 +0.1 pp | Mar 2026 +0.3 pp | Jun 2026 — - AFG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.2 pp | Dec 2022 +0.3 pp | Mar 2023 +0.1 pp | Jun 2023 +0.1 pp | Sep 2023 0.0 pp | Dec 2023 −0.1 pp | Mar 2024 +0.1 pp | Jun 2024 0.0 pp | Sep 2024 0.0 pp | Dec 2024 −0.1 pp | Mar 2025 −0.3 pp | Jun 2025 −0.1 pp | Sep 2025 0.0 pp | Dec 2025 +0.1 pp | Mar 2026 +0.1 pp | Jun 2026 — - ORI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.8 pp | Dec 2022 −0.6 pp | Mar 2023 −0.5 pp | Jun 2023 +0.8 pp | Sep 2023 +0.6 pp | Dec 2023 −1.3 pp | Mar 2024 +0.4 pp | Jun 2024 −0.3 pp | Sep 2024 +1.0 pp | Dec 2024 −0.3 pp | Mar 2025 −0.3 pp | Jun 2025 +0.4 pp | Sep 2025 −0.3 pp | Dec 2025 +0.3 pp | Mar 2026 +0.2 pp | Jun 2026 +0.4 pp - KNSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.6 pp | Dec 2022 −0.5 pp | Mar 2023 +0.6 pp | Jun 2023 +1.3 pp | Sep 2023 +1.0 pp | Dec 2023 +0.5 pp | Mar 2024 +0.6 pp | Jun 2024 −0.2 pp | Sep 2024 +0.2 pp | Dec 2024 −0.8 pp | Mar 2025 −1.0 pp | Jun 2025 +0.2 pp | Sep 2025 −0.1 pp | Dec 2025 0.0 pp | Mar 2026 +0.1 pp | Jun 2026 +0.3 pp - THG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.2 pp | Dec 2022 −1.2 pp | Mar 2023 −0.8 pp | Jun 2023 −0.7 pp | Sep 2023 −0.6 pp | Dec 2023 +0.8 pp | Mar 2024 +0.9 pp | Jun 2024 +0.8 pp | Sep 2024 +1.2 pp | Dec 2024 +0.4 pp | Mar 2025 0.0 pp | Jun 2025 +0.8 pp | Sep 2025 +0.5 pp | Dec 2025 +0.1 pp | Mar 2026 +0.3 pp | Jun 2026 — - MCY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.4 pp | Dec 2022 −0.7 pp | Mar 2023 +2.3 pp | Jun 2023 +2.5 pp | Sep 2023 +1.3 pp | Dec 2023 +3.1 pp | Mar 2024 +1.7 pp | Jun 2024 +1.6 pp | Sep 2024 +3.2 pp | Dec 2024 −1.5 pp | Mar 2025 −2.4 pp | Jun 2025 +1.0 pp | Sep 2025 +0.2 pp | Dec 2025 +0.9 pp | Mar 2026 +3.4 pp | Jun 2026 — - RLI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +8.8 pp | Dec 2022 −0.1 pp | Mar 2023 +1.1 pp | Jun 2023 +1.7 pp | Sep 2023 −9.1 pp | Dec 2023 +0.3 pp | Mar 2024 +0.4 pp | Jun 2024 −0.1 pp | Sep 2024 +1.5 pp | Dec 2024 −1.3 pp | Mar 2025 −1.4 pp | Jun 2025 +0.6 pp | Sep 2025 +0.3 pp | Dec 2025 +0.7 pp | Mar 2026 −0.2 pp | Jun 2026 +0.6 pp - SIGI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.3 pp | Dec 2022 −0.1 pp | Mar 2023 +0.3 pp | Jun 2023 +0.2 pp | Sep 2023 +0.4 pp | Dec 2023 +0.3 pp | Mar 2024 −0.1 pp | Jun 2024 −1.1 pp | Sep 2024 −0.1 pp | Dec 2024 −0.4 pp | Mar 2025 +0.1 pp | Jun 2025 +1.2 pp | Sep 2025 +0.1 pp | Dec 2025 +0.4 pp | Mar 2026 −0.2 pp | Jun 2026 +0.2 pp - WTM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +6.5 pp | Dec 2022 −1.1 pp | Mar 2023 +2.7 pp | Jun 2023 +3.2 pp | Sep 2023 +0.5 pp | Dec 2023 +3.9 pp | Mar 2024 +0.1 pp | Jun 2024 −0.7 pp | Sep 2024 +2.3 pp | Dec 2024 −6.0 pp | Mar 2025 −1.7 pp | Jun 2025 +1.9 pp | Sep 2025 −1.0 pp | Dec 2025 +8.7 pp | Mar 2026 −1.0 pp | Jun 2026 — - LMND: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.1 pp | Dec 2022 +2.0 pp | Mar 2023 +0.8 pp | Jun 2023 +0.2 pp | Sep 2023 +2.0 pp | Dec 2023 +1.4 pp | Mar 2024 +1.3 pp | Jun 2024 +1.0 pp | Sep 2024 −0.2 pp | Dec 2024 +0.9 pp | Mar 2025 −0.7 pp | Jun 2025 +1.0 pp | Sep 2025 +1.9 pp | Dec 2025 +0.6 pp | Mar 2026 +1.7 pp | Jun 2026 — - HGTY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.7 pp | Dec 2022 −0.7 pp | Mar 2023 −0.2 pp | Jun 2023 +0.4 pp | Sep 2023 +3.8 pp | Dec 2023 +4.7 pp | Mar 2024 +2.4 pp | Jun 2024 +1.0 pp | Sep 2024 −0.3 pp | Dec 2024 −1.0 pp | Mar 2025 +1.2 pp | Jun 2025 +0.2 pp | Sep 2025 +5.4 pp | Dec 2025 +3.4 pp | Mar 2026 −2.3 pp | Jun 2026 — - SKWD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.5 pp | Dec 2022 +1.2 pp | Mar 2023 −0.8 pp | Jun 2023 +0.3 pp | Sep 2023 +0.9 pp | Dec 2023 −0.1 pp | Mar 2024 +0.6 pp | Jun 2024 +0.3 pp | Sep 2024 +0.3 pp | Dec 2024 −0.7 pp | Mar 2025 −0.1 pp | Jun 2025 −0.1 pp | Sep 2025 0.0 pp | Dec 2025 +0.8 pp | Mar 2026 −0.1 pp | Jun 2026 — - SLDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 +1.6 pp | Dec 2023 +3.7 pp | Mar 2024 — | Jun 2024 — | Sep 2024 −0.3 pp | Dec 2024 +1.3 pp | Mar 2025 −1.6 pp | Jun 2025 −3.6 pp | Sep 2025 +3.8 pp | Dec 2025 +2.0 pp | Mar 2026 +0.5 pp | Jun 2026 — - HMN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.1 pp | Dec 2022 −0.4 pp | Mar 2023 −0.1 pp | Jun 2023 −0.1 pp | Sep 2023 −0.1 pp | Dec 2023 +0.4 pp | Mar 2024 +0.1 pp | Jun 2024 +0.2 pp | Sep 2024 +0.2 pp | Dec 2024 0.0 pp | Mar 2025 +0.1 pp | Jun 2025 +0.2 pp | Sep 2025 +0.1 pp | Dec 2025 0.0 pp | Mar 2026 0.0 pp | Jun 2026 — - STC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −3.0 pp | Dec 2022 −3.1 pp | Mar 2023 −2.8 pp | Jun 2023 −2.0 pp | Sep 2023 −0.7 pp | Dec 2023 −0.2 pp | Mar 2024 +0.5 pp | Jun 2024 0.0 pp | Sep 2024 +0.6 pp | Dec 2024 +0.5 pp | Mar 2025 0.0 pp | Jun 2025 +0.6 pp | Sep 2025 +0.5 pp | Dec 2025 +0.4 pp | Mar 2026 +0.4 pp | Jun 2026 +0.1 pp - KMPR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 pp | Dec 2022 +2.8 pp | Mar 2023 0.0 pp | Jun 2023 −0.2 pp | Sep 2023 −0.6 pp | Dec 2023 +0.8 pp | Mar 2024 +1.2 pp | Jun 2024 +1.4 pp | Sep 2024 +2.1 pp | Dec 2024 −1.8 pp | Mar 2025 +0.2 pp | Jun 2025 −0.1 pp | Sep 2025 −1.2 pp | Dec 2025 −1.1 pp | Mar 2026 −0.8 pp | Jun 2026 — - SAFT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.9 pp | Dec 2022 −0.3 pp | Mar 2023 −1.0 pp | Jun 2023 +0.5 pp | Sep 2023 −0.2 pp | Dec 2023 −0.6 pp | Mar 2024 +1.6 pp | Jun 2024 −0.1 pp | Sep 2024 +1.1 pp | Dec 2024 −0.2 pp | Mar 2025 0.0 pp | Jun 2025 +0.5 pp | Sep 2025 0.0 pp | Dec 2025 +0.5 pp | Mar 2026 −1.6 pp | Jun 2026 — - PRCH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −6.3 pp | Dec 2022 −0.4 pp | Mar 2023 +0.4 pp | Jun 2023 −11.3 pp | Sep 2023 +7.8 pp | Dec 2023 +4.0 pp | Mar 2024 +0.1 pp | Jun 2024 +9.2 pp | Sep 2024 −0.3 pp | Dec 2024 +2.1 pp | Mar 2025 +3.4 pp | Jun 2025 +6.2 pp | Sep 2025 −0.3 pp | Dec 2025 −0.9 pp | Mar 2026 +2.4 pp | Jun 2026 — - UFCS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.5 pp | Dec 2022 −1.2 pp | Mar 2023 −20.0 pp | Jun 2023 −1.6 pp | Sep 2023 +1.0 pp | Dec 2023 0.0 pp | Mar 2024 +19.5 pp | Jun 2024 +1.8 pp | Sep 2024 +0.5 pp | Dec 2024 +0.3 pp | Mar 2025 +0.1 pp | Jun 2025 +0.8 pp | Sep 2025 +0.4 pp | Dec 2025 +0.1 pp | Mar 2026 +0.3 pp | Jun 2026 — ## ROE — Leaders & Improvers What the numbers say: Slide Insurance Holdings, Inc. leads roe at 17%; Mercury General Corporation leads roe change at +14.9 percentage points. Investor read: Slide Insurance Holdings, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roe change signal. Evidence: Slide Insurance Holdings, Inc. · 17% | 71.7% versus #2 · HCI Group, Inc. | 3/8 recent comparable periods | 30/30 companies · 573 observations Definition: ROE shows the return to shareholders, but should be read with asset quality and leverage. ### ROE — highest 1. Slide Insurance Holdings, Inc. (SLDE): 17% 2. HCI Group, Inc. (HCI): 9.9% 3. The Progressive Corporation (PGR): 9.9% 4. W. R. Berkley Corporation (WRB): 9.7% 5. RLI Corp. (RLI): 9.6% ### ROE change — fastest improvers 1. Mercury General Corporation (MCY): +14.9 pp 2. The Allstate Corporation (ALL): +6.3 pp 3. W. R. Berkley Corporation (WRB): +5.0 pp 4. Lemonade, Inc. (LMND): +3.5 pp 5. Cincinnati Financial Corporation (CINF): +2.6 pp ### 20-quarter ROE history - CB: Sep 2021 3.2% | Dec 2021 3.6% | Mar 2022 3.4% | Jun 2022 2.1% | Sep 2022 1.5% | Dec 2022 2.4% | Mar 2023 3.4% | Jun 2023 3.4% | Sep 2023 3.9% | Dec 2023 5.8% | Mar 2024 3.9% | Jun 2024 3.8% | Sep 2024 3.9% | Dec 2024 4.0% | Mar 2025 2.0% | Jun 2025 4.3% | Sep 2025 4.2% | Dec 2025 4.3% | Mar 2026 3.1% | Jun 2026 3.7% - PGR: Sep 2021 0.6% | Dec 2021 5.5% | Mar 2022 1.8% | Jun 2022 -3.2% | Sep 2022 0.7% | Dec 2022 4.8% | Mar 2023 2.6% | Jun 2023 2.1% | Sep 2023 7.0% | Dec 2023 11% | Mar 2024 12% | Jun 2024 7.3% | Sep 2024 11% | Dec 2024 10% | Mar 2025 10% | Jun 2025 11% | Sep 2025 8.4% | Dec 2025 11% | Mar 2026 9.2% | Jun 2026 9.9% - TRV: Sep 2021 2.4% | Dec 2021 4.6% | Mar 2022 3.8% | Jun 2022 2.1% | Sep 2022 1.9% | Dec 2022 3.2% | Mar 2023 4.0% | Jun 2023 -0.1% | Sep 2023 2.0% | Dec 2023 7.0% | Mar 2024 4.7% | Jun 2024 2.3% | Sep 2024 5.3% | Dec 2024 7.9% | Mar 2025 1.5% | Jun 2025 5.5% | Sep 2025 6.4% | Dec 2025 8.2% | Mar 2026 5.7% | Jun 2026 7.0% - ALL: Sep 2021 2.0% | Dec 2021 2.9% | Mar 2022 2.6% | Jun 2022 -4.2% | Sep 2022 -3.0% | Dec 2022 -1.4% | Mar 2023 -1.6% | Jun 2023 -7.8% | Sep 2023 0.0% | Dec 2023 8.5% | Mar 2024 6.7% | Jun 2024 2.0% | Sep 2024 6.6% | Dec 2024 9.7% | Mar 2025 2.9% | Jun 2025 9.9% | Sep 2025 16% | Dec 2025 15% | Mar 2026 9.2% | Jun 2026 — - WRB: Sep 2021 4.2% | Dec 2021 4.5% | Mar 2022 8.9% | Jun 2022 2.7% | Sep 2022 3.5% | Dec 2022 5.7% | Mar 2023 4.3% | Jun 2023 5.3% | Sep 2023 5.0% | Dec 2023 5.6% | Mar 2024 6.0% | Jun 2024 5.1% | Sep 2024 4.8% | Dec 2024 7.2% | Mar 2025 5.0% | Jun 2025 4.7% | Sep 2025 5.6% | Dec 2025 5.0% | Mar 2026 5.5% | Jun 2026 9.7% - CINF: Sep 2021 1.4% | Dec 2021 13% | Mar 2022 -2.3% | Jun 2022 -7.3% | Sep 2022 -3.9% | Dec 2022 8.6% | Mar 2023 2.0% | Jun 2023 4.9% | Sep 2023 -1.0% | Dec 2023 10% | Mar 2024 6.5% | Jun 2024 2.6% | Sep 2024 6.7% | Dec 2024 3.1% | Mar 2025 -0.7% | Jun 2025 5.1% | Sep 2025 7.7% | Dec 2025 4.5% | Mar 2026 1.9% | Jun 2026 — - MKL: Sep 2021 1.4% | Dec 2021 6.2% | Mar 2022 -0.3% | Jun 2022 -6.4% | Sep 2022 0.9% | Dec 2022 4.9% | Mar 2023 3.7% | Jun 2023 5.1% | Sep 2023 0.4% | Dec 2023 5.4% | Mar 2024 6.9% | Jun 2024 1.9% | Sep 2024 5.9% | Dec 2024 3.4% | Mar 2025 0.8% | Jun 2025 3.9% | Sep 2025 4.2% | Dec 2025 3.2% | Mar 2026 -1.1% | Jun 2026 — - L: Sep 2021 1.3% | Dec 2021 1.8% | Mar 2022 1.9% | Jun 2022 1.1% | Sep 2022 -0.2% | Dec 2022 2.2% | Mar 2023 2.4% | Jun 2023 2.4% | Sep 2023 1.9% | Dec 2023 3.0% | Mar 2024 3.0% | Jun 2024 2.4% | Sep 2024 2.5% | Dec 2024 1.1% | Mar 2025 2.2% | Jun 2025 2.3% | Sep 2025 2.9% | Dec 2025 2.3% | Mar 2026 1.9% | Jun 2026 — - CNA: Sep 2021 2.1% | Dec 2021 1.9% | Mar 2022 2.6% | Jun 2022 1.7% | Sep 2022 -0.4% | Dec 2022 2.2% | Mar 2023 3.0% | Jun 2023 3.1% | Sep 2023 3.1% | Dec 2023 4.0% | Mar 2024 3.7% | Jun 2024 3.4% | Sep 2024 2.9% | Dec 2024 0.2% | Mar 2025 2.7% | Jun 2025 2.9% | Sep 2025 3.7% | Dec 2025 2.7% | Mar 2026 2.0% | Jun 2026 — - AIZ: Sep 2021 15% | Dec 2021 2.1% | Mar 2022 2.7% | Jun 2022 1.0% | Sep 2022 0.1% | Dec 2022 1.4% | Mar 2023 2.4% | Jun 2023 3.5% | Sep 2023 4.4% | Dec 2023 4.0% | Mar 2024 5.1% | Jun 2024 4.0% | Sep 2024 2.7% | Dec 2024 4.1% | Mar 2025 2.9% | Jun 2025 4.5% | Sep 2025 4.8% | Dec 2025 4.1% | Mar 2026 4.9% | Jun 2026 — - AFG: Sep 2021 3.8% | Dec 2021 6.0% | Mar 2022 5.0% | Jun 2022 3.5% | Sep 2022 3.6% | Dec 2022 6.1% | Mar 2023 4.8% | Jun 2023 5.0% | Sep 2023 4.5% | Dec 2023 6.3% | Mar 2024 5.9% | Jun 2024 5.0% | Sep 2024 4.2% | Dec 2024 5.8% | Mar 2025 3.6% | Jun 2025 3.9% | Sep 2025 4.6% | Dec 2025 6.4% | Mar 2026 4.2% | Jun 2026 — - ORI: Sep 2021 1.4% | Dec 2021 9.6% | Mar 2022 4.6% | Jun 2022 -0.6% | Sep 2022 -1.5% | Dec 2022 7.8% | Mar 2023 3.1% | Jun 2023 2.5% | Sep 2023 0.9% | Dec 2023 3.0% | Mar 2024 5.0% | Jun 2024 1.5% | Sep 2024 5.5% | Dec 2024 1.7% | Mar 2025 4.0% | Jun 2025 3.4% | Sep 2025 4.3% | Dec 2025 3.6% | Mar 2026 5.6% | Jun 2026 5.3% - KNSL: Sep 2021 6.1% | Dec 2021 7.6% | Mar 2022 5.1% | Jun 2022 4.3% | Sep 2022 5.2% | Dec 2022 9.3% | Mar 2023 7.5% | Jun 2023 9.7% | Sep 2023 9.9% | Dec 2023 11% | Mar 2024 10% | Jun 2024 8.7% | Sep 2024 9.7% | Dec 2024 8.5% | Mar 2025 6.2% | Jun 2025 9.0% | Sep 2025 8.6% | Dec 2025 8.1% | Mar 2026 6.1% | Jun 2026 9.4% - THG: Sep 2021 1.1% | Dec 2021 5.1% | Mar 2022 3.6% | Jun 2022 0.8% | Sep 2022 0.0% | Dec 2022 -0.4% | Mar 2023 -0.5% | Jun 2023 -2.9% | Sep 2023 0.4% | Dec 2023 4.5% | Mar 2024 4.7% | Jun 2024 1.7% | Sep 2024 4.1% | Dec 2024 6.3% | Mar 2025 4.6% | Jun 2025 5.4% | Sep 2025 5.7% | Dec 2025 6.1% | Mar 2026 5.6% | Jun 2026 — - MCY: Sep 2021 0.1% | Dec 2021 1.5% | Mar 2022 -9.8% | Jun 2022 -11% | Sep 2022 -5.3% | Dec 2022 -0.9% | Mar 2023 -2.7% | Jun 2023 -2.7% | Sep 2023 -0.6% | Dec 2023 13% | Mar 2024 4.8% | Jun 2024 4.1% | Sep 2024 14% | Dec 2024 5.8% | Mar 2025 -6.3% | Jun 2025 9.2% | Sep 2025 14% | Dec 2025 9.3% | Mar 2026 8.6% | Jun 2026 — - RLI: Sep 2021 2.5% | Dec 2021 8.1% | Mar 2022 4.2% | Jun 2022 -0.2% | Sep 2022 33% | Dec 2022 8.1% | Mar 2023 8.0% | Jun 2023 6.5% | Sep 2023 1.0% | Dec 2023 8.8% | Mar 2024 9.1% | Jun 2024 5.6% | Sep 2024 6.2% | Dec 2024 2.8% | Mar 2025 4.0% | Jun 2025 7.5% | Sep 2025 6.9% | Dec 2025 5.5% | Mar 2026 3.2% | Jun 2026 9.6% - SIGI: Sep 2021 2.8% | Dec 2021 3.5% | Mar 2022 2.0% | Jun 2022 1.4% | Sep 2022 1.6% | Dec 2022 3.1% | Mar 2023 3.4% | Jun 2023 2.2% | Sep 2023 3.5% | Dec 2023 4.6% | Mar 2024 2.9% | Jun 2024 -2.3% | Sep 2024 3.2% | Dec 2024 3.1% | Mar 2025 3.5% | Jun 2025 2.7% | Sep 2025 3.5% | Dec 2025 4.6% | Mar 2026 2.9% | Jun 2026 3.7% - WTM: Sep 2021 -11% | Dec 2021 1.1% | Mar 2022 -0.2% | Jun 2022 -5.5% | Sep 2022 23% | Dec 2022 1.6% | Mar 2023 4.8% | Jun 2023 0.5% | Sep 2023 0.3% | Dec 2023 8.5% | Mar 2024 4.9% | Jun 2024 -0.9% | Sep 2024 4.8% | Dec 2024 -2.6% | Mar 2025 1.3% | Jun 2025 3.2% | Sep 2025 2.9% | Dec 2025 14% | Mar 2026 -0.5% | Jun 2026 — - LMND: Sep 2021 -8.2% | Dec 2021 -9.2% | Mar 2022 -7.3% | Jun 2022 -7.0% | Sep 2022 -9.4% | Dec 2022 -6.9% | Mar 2023 -7.6% | Jun 2023 -8.3% | Sep 2023 -7.5% | Dec 2023 -5.4% | Mar 2024 -6.3% | Jun 2024 -8.1% | Sep 2024 -10% | Dec 2024 -4.6% | Mar 2025 -10% | Jun 2025 -7.6% | Sep 2025 -6.8% | Dec 2025 -3.9% | Mar 2026 -6.7% | Jun 2026 — - HGTY: Sep 2021 -1.1% | Dec 2021 -34% | Mar 2022 10% | Jun 2022 -3.8% | Sep 2022 13% | Dec 2022 -10% | Mar 2023 -4.6% | Jun 2023 4.7% | Sep 2023 4.7% | Dec 2023 2.3% | Mar 2024 2.1% | Jun 2024 10% | Sep 2024 4.1% | Dec 2024 1.2% | Mar 2025 5.7% | Jun 2025 9.1% | Sep 2025 8.0% | Dec 2025 2.4% | Mar 2026 -2.2% | Jun 2026 — - PLMR: Sep 2021 0.1% | Dec 2021 4.4% | Mar 2022 3.8% | Jun 2022 3.9% | Sep 2022 1.1% | Dec 2022 4.8% | Mar 2023 4.4% | Jun 2023 4.4% | Sep 2023 4.7% | Dec 2023 6.1% | Mar 2024 5.8% | Jun 2024 5.4% | Sep 2024 5.4% | Dec 2024 5.8% | Mar 2025 6.6% | Jun 2025 6.7% | Sep 2025 6.5% | Dec 2025 6.7% | Mar 2026 4.9% | Jun 2026 — - SKWD: Sep 2021 2.4% | Dec 2021 0.3% | Mar 2022 7.6% | Jun 2022 2.4% | Sep 2022 -0.6% | Dec 2022 6.1% | Mar 2023 3.3% | Jun 2023 4.1% | Sep 2023 4.6% | Dec 2023 5.4% | Mar 2024 6.1% | Jun 2024 5.0% | Sep 2024 5.5% | Dec 2024 2.0% | Mar 2025 5.5% | Jun 2025 4.8% | Sep 2025 5.2% | Dec 2025 4.8% | Mar 2026 4.8% | Jun 2026 — - SLDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 0.0% | Dec 2022 0.0% | Mar 2023 — | Jun 2023 — | Sep 2023 7.6% | Dec 2023 18% | Mar 2024 32% | Jun 2024 31% | Sep 2024 5.8% | Dec 2024 22% | Mar 2025 21% | Jun 2025 12% | Sep 2025 17% | Dec 2025 22% | Mar 2026 17% | Jun 2026 — - HCI: Sep 2021 -1.7% | Dec 2021 0.5% | Mar 2022 0.8% | Jun 2022 -2.7% | Sep 2022 -16% | Dec 2022 0.8% | Mar 2023 5.2% | Jun 2023 4.8% | Sep 2023 5.6% | Dec 2023 12% | Mar 2024 17% | Jun 2024 16% | Sep 2024 2.5% | Dec 2024 0.9% | Mar 2025 16% | Jun 2025 11% | Sep 2025 10% | Dec 2025 14% | Mar 2026 9.9% | Jun 2026 — - HMN: Sep 2021 0.9% | Dec 2021 2.3% | Mar 2022 1.3% | Jun 2022 -0.3% | Sep 2022 1.4% | Dec 2022 -1.1% | Mar 2023 0.5% | Jun 2023 -1.1% | Sep 2023 1.1% | Dec 2023 3.5% | Mar 2024 2.3% | Jun 2024 0.3% | Sep 2024 2.9% | Dec 2024 3.1% | Mar 2025 3.0% | Jun 2025 2.3% | Sep 2025 4.3% | Dec 2025 2.6% | Mar 2026 2.9% | Jun 2026 — - STC: Sep 2021 8.6% | Dec 2021 7.9% | Mar 2022 5.2% | Jun 2022 5.4% | Sep 2022 2.7% | Dec 2022 1.4% | Mar 2023 -0.4% | Jun 2023 1.5% | Sep 2023 1.3% | Dec 2023 1.0% | Mar 2024 0.5% | Jun 2024 1.5% | Sep 2024 2.4% | Dec 2024 2.0% | Mar 2025 0.4% | Jun 2025 2.5% | Sep 2025 3.3% | Dec 2025 2.7% | Mar 2026 1.2% | Jun 2026 2.7% - KMPR: Sep 2021 -1.8% | Dec 2021 -2.5% | Mar 2022 -2.2% | Jun 2022 -2.0% | Sep 2022 -2.3% | Dec 2022 -2.2% | Mar 2023 -2.7% | Jun 2023 -3.6% | Sep 2023 -6.1% | Dec 2023 2.5% | Mar 2024 2.7% | Jun 2024 2.9% | Sep 2024 2.8% | Dec 2024 3.6% | Mar 2025 3.5% | Jun 2025 2.5% | Sep 2025 -0.9% | Dec 2025 -0.4% | Mar 2026 -0.2% | Jun 2026 — - SAFT: Sep 2021 2.8% | Dec 2021 3.5% | Mar 2022 0.9% | Jun 2022 0.9% | Sep 2022 0.7% | Dec 2022 2.8% | Mar 2023 -1.5% | Jun 2023 2.1% | Sep 2023 0.3% | Dec 2023 1.5% | Mar 2024 2.5% | Jun 2024 2.1% | Sep 2024 3.2% | Dec 2024 1.0% | Mar 2025 2.6% | Jun 2025 3.4% | Sep 2025 3.2% | Dec 2025 2.3% | Mar 2026 -1.7% | Jun 2026 — - PRCH: Sep 2021 -5.2% | Dec 2021 -12% | Mar 2022 -4.9% | Jun 2022 -13% | Sep 2022 -55% | Dec 2022 -24% | Mar 2023 -30% | Jun 2023 -107% | Sep 2023 -15% | Dec 2023 -11% | Mar 2024 -1,885% | Jun 2024 93% | Sep 2024 -25% | Dec 2024 -77% | Mar 2025 -9.8% | Jun 2025 -16% | Sep 2025 3.0% | Dec 2025 -41% | Mar 2026 -67% | Jun 2026 — - UFCS: Sep 2021 -1.2% | Dec 2021 6.8% | Mar 2022 3.4% | Jun 2022 -1.3% | Sep 2022 -3.0% | Dec 2022 2.5% | Mar 2023 0.1% | Jun 2023 -7.7% | Sep 2023 0.9% | Dec 2023 2.7% | Mar 2024 1.8% | Jun 2024 -0.4% | Sep 2024 2.8% | Dec 2024 4.2% | Mar 2025 2.3% | Jun 2025 2.9% | Sep 2025 4.7% | Dec 2025 4.5% | Mar 2026 3.4% | Jun 2026 — ### 20-quarter ROE change history - CB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.7 pp | Dec 2022 −1.2 pp | Mar 2023 0.0 pp | Jun 2023 +1.3 pp | Sep 2023 +2.4 pp | Dec 2023 +3.4 pp | Mar 2024 +0.5 pp | Jun 2024 +0.4 pp | Sep 2024 0.0 pp | Dec 2024 −1.8 pp | Mar 2025 −1.9 pp | Jun 2025 +0.5 pp | Sep 2025 +0.3 pp | Dec 2025 +0.3 pp | Mar 2026 +1.1 pp | Jun 2026 −0.6 pp - PGR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.1 pp | Dec 2022 −0.7 pp | Mar 2023 +0.8 pp | Jun 2023 +5.3 pp | Sep 2023 +6.3 pp | Dec 2023 +6.2 pp | Mar 2024 +9.5 pp | Jun 2024 +5.2 pp | Sep 2024 +3.5 pp | Dec 2024 −0.7 pp | Mar 2025 −2.0 pp | Jun 2025 +4.1 pp | Sep 2025 −2.1 pp | Dec 2025 +0.3 pp | Mar 2026 −0.9 pp | Jun 2026 −1.5 pp - TRV: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.5 pp | Dec 2022 −1.4 pp | Mar 2023 +0.2 pp | Jun 2023 −2.2 pp | Sep 2023 +0.1 pp | Dec 2023 +3.8 pp | Mar 2024 +0.7 pp | Jun 2024 +2.4 pp | Sep 2024 +3.3 pp | Dec 2024 +0.9 pp | Mar 2025 −3.2 pp | Jun 2025 +3.2 pp | Sep 2025 +1.1 pp | Dec 2025 +0.3 pp | Mar 2026 +4.2 pp | Jun 2026 +1.5 pp - ALL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −5.0 pp | Dec 2022 −4.3 pp | Mar 2023 −4.2 pp | Jun 2023 −3.6 pp | Sep 2023 +3.0 pp | Dec 2023 +9.9 pp | Mar 2024 +8.3 pp | Jun 2024 +9.8 pp | Sep 2024 +6.6 pp | Dec 2024 +1.2 pp | Mar 2025 −3.8 pp | Jun 2025 +7.9 pp | Sep 2025 +8.9 pp | Dec 2025 +5.0 pp | Mar 2026 +6.3 pp | Jun 2026 — - WRB: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.7 pp | Dec 2022 +1.2 pp | Mar 2023 −4.6 pp | Jun 2023 +2.6 pp | Sep 2023 +1.5 pp | Dec 2023 −0.1 pp | Mar 2024 +1.7 pp | Jun 2024 −0.2 pp | Sep 2024 −0.2 pp | Dec 2024 +1.6 pp | Mar 2025 −1.0 pp | Jun 2025 −0.4 pp | Sep 2025 +0.8 pp | Dec 2025 −2.2 pp | Mar 2026 +0.5 pp | Jun 2026 +5.0 pp - CINF: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −5.3 pp | Dec 2022 −3.9 pp | Mar 2023 +4.3 pp | Jun 2023 +12.2 pp | Sep 2023 +2.9 pp | Dec 2023 +1.8 pp | Mar 2024 +4.5 pp | Jun 2024 −2.3 pp | Sep 2024 +7.7 pp | Dec 2024 −7.3 pp | Mar 2025 −7.2 pp | Jun 2025 +2.5 pp | Sep 2025 +1.0 pp | Dec 2025 +1.4 pp | Mar 2026 +2.6 pp | Jun 2026 — - MKL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.5 pp | Dec 2022 −1.3 pp | Mar 2023 +4.0 pp | Jun 2023 +11.5 pp | Sep 2023 −0.5 pp | Dec 2023 +0.5 pp | Mar 2024 +3.2 pp | Jun 2024 −3.2 pp | Sep 2024 +5.5 pp | Dec 2024 −2.0 pp | Mar 2025 −6.1 pp | Jun 2025 +2.0 pp | Sep 2025 −1.7 pp | Dec 2025 −0.2 pp | Mar 2026 −1.9 pp | Jun 2026 — - L: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.5 pp | Dec 2022 +0.4 pp | Mar 2023 +0.5 pp | Jun 2023 +1.3 pp | Sep 2023 +2.1 pp | Dec 2023 +0.8 pp | Mar 2024 +0.6 pp | Jun 2024 0.0 pp | Sep 2024 +0.6 pp | Dec 2024 −1.9 pp | Mar 2025 −0.8 pp | Jun 2025 −0.1 pp | Sep 2025 +0.4 pp | Dec 2025 +1.2 pp | Mar 2026 −0.3 pp | Jun 2026 — - CNA: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.5 pp | Dec 2022 +0.3 pp | Mar 2023 +0.4 pp | Jun 2023 +1.4 pp | Sep 2023 +3.5 pp | Dec 2023 +1.8 pp | Mar 2024 +0.7 pp | Jun 2024 +0.3 pp | Sep 2024 −0.2 pp | Dec 2024 −3.8 pp | Mar 2025 −1.0 pp | Jun 2025 −0.5 pp | Sep 2025 +0.8 pp | Dec 2025 +2.5 pp | Mar 2026 −0.7 pp | Jun 2026 — - AIZ: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −15.0 pp | Dec 2022 −0.7 pp | Mar 2023 −0.3 pp | Jun 2023 +2.5 pp | Sep 2023 +4.3 pp | Dec 2023 +2.6 pp | Mar 2024 +2.7 pp | Jun 2024 +0.5 pp | Sep 2024 −1.7 pp | Dec 2024 +0.1 pp | Mar 2025 −2.2 pp | Jun 2025 +0.5 pp | Sep 2025 +2.1 pp | Dec 2025 0.0 pp | Mar 2026 +2.0 pp | Jun 2026 — - AFG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.2 pp | Dec 2022 +0.1 pp | Mar 2023 −0.2 pp | Jun 2023 +1.5 pp | Sep 2023 +0.9 pp | Dec 2023 +0.2 pp | Mar 2024 +1.1 pp | Jun 2024 0.0 pp | Sep 2024 −0.3 pp | Dec 2024 −0.5 pp | Mar 2025 −2.3 pp | Jun 2025 −1.1 pp | Sep 2025 +0.4 pp | Dec 2025 +0.6 pp | Mar 2026 +0.6 pp | Jun 2026 — - ORI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.9 pp | Dec 2022 −1.8 pp | Mar 2023 −1.5 pp | Jun 2023 +3.1 pp | Sep 2023 +2.4 pp | Dec 2023 −4.8 pp | Mar 2024 +1.9 pp | Jun 2024 −1.0 pp | Sep 2024 +4.6 pp | Dec 2024 −1.3 pp | Mar 2025 −1.0 pp | Jun 2025 +1.9 pp | Sep 2025 −1.2 pp | Dec 2025 +1.9 pp | Mar 2026 +1.6 pp | Jun 2026 +1.9 pp - KNSL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.9 pp | Dec 2022 +1.7 pp | Mar 2023 +2.4 pp | Jun 2023 +5.4 pp | Sep 2023 +4.7 pp | Dec 2023 +2.0 pp | Mar 2024 +2.5 pp | Jun 2024 −1.0 pp | Sep 2024 −0.2 pp | Dec 2024 −2.8 pp | Mar 2025 −3.8 pp | Jun 2025 +0.3 pp | Sep 2025 −1.1 pp | Dec 2025 −0.4 pp | Mar 2026 −0.1 pp | Jun 2026 +0.4 pp - THG: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.1 pp | Dec 2022 −5.5 pp | Mar 2023 −4.1 pp | Jun 2023 −3.7 pp | Sep 2023 +0.4 pp | Dec 2023 +4.9 pp | Mar 2024 +5.2 pp | Jun 2024 +4.6 pp | Sep 2024 +3.7 pp | Dec 2024 +1.8 pp | Mar 2025 −0.1 pp | Jun 2025 +3.7 pp | Sep 2025 +1.6 pp | Dec 2025 −0.2 pp | Mar 2026 +1.0 pp | Jun 2026 — - MCY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −5.4 pp | Dec 2022 −2.4 pp | Mar 2023 +7.1 pp | Jun 2023 +8.3 pp | Sep 2023 +4.7 pp | Dec 2023 +13.4 pp | Mar 2024 +7.5 pp | Jun 2024 +6.8 pp | Sep 2024 +14.9 pp | Dec 2024 −6.7 pp | Mar 2025 −11.1 pp | Jun 2025 +5.1 pp | Sep 2025 −0.6 pp | Dec 2025 +3.5 pp | Mar 2026 +14.9 pp | Jun 2026 — - RLI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +30.8 pp | Dec 2022 0.0 pp | Mar 2023 +3.8 pp | Jun 2023 +6.7 pp | Sep 2023 −32.3 pp | Dec 2023 +0.7 pp | Mar 2024 +1.1 pp | Jun 2024 −0.9 pp | Sep 2024 +5.2 pp | Dec 2024 −6.0 pp | Mar 2025 −5.1 pp | Jun 2025 +1.9 pp | Sep 2025 +0.7 pp | Dec 2025 +2.7 pp | Mar 2026 −0.8 pp | Jun 2026 +2.1 pp - SIGI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.2 pp | Dec 2022 −0.4 pp | Mar 2023 +1.4 pp | Jun 2023 +0.8 pp | Sep 2023 +1.9 pp | Dec 2023 +1.5 pp | Mar 2024 −0.5 pp | Jun 2024 −4.5 pp | Sep 2024 −0.3 pp | Dec 2024 −1.5 pp | Mar 2025 +0.6 pp | Jun 2025 +5.0 pp | Sep 2025 +0.3 pp | Dec 2025 +1.5 pp | Mar 2026 −0.6 pp | Jun 2026 +1.0 pp - WTM: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +34.1 pp | Dec 2022 +0.5 pp | Mar 2023 +5.0 pp | Jun 2023 +6.0 pp | Sep 2023 −22.8 pp | Dec 2023 +6.9 pp | Mar 2024 +0.1 pp | Jun 2024 −1.4 pp | Sep 2024 +4.5 pp | Dec 2024 −11.1 pp | Mar 2025 −3.6 pp | Jun 2025 +4.1 pp | Sep 2025 −1.9 pp | Dec 2025 +16.9 pp | Mar 2026 −1.8 pp | Jun 2026 — - LMND: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.2 pp | Dec 2022 +2.3 pp | Mar 2023 −0.3 pp | Jun 2023 −1.3 pp | Sep 2023 +1.9 pp | Dec 2023 +1.5 pp | Mar 2024 +1.3 pp | Jun 2024 +0.2 pp | Sep 2024 −2.8 pp | Dec 2024 +0.8 pp | Mar 2025 −3.9 pp | Jun 2025 +0.5 pp | Sep 2025 +3.5 pp | Dec 2025 +0.7 pp | Mar 2026 +3.5 pp | Jun 2026 — - HGTY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +14.0 pp | Dec 2022 +24.1 pp | Mar 2023 −14.7 pp | Jun 2023 +8.5 pp | Sep 2023 −8.2 pp | Dec 2023 +12.4 pp | Mar 2024 +6.7 pp | Jun 2024 +5.5 pp | Sep 2024 −0.6 pp | Dec 2024 −1.1 pp | Mar 2025 +3.6 pp | Jun 2025 −1.1 pp | Sep 2025 +3.9 pp | Dec 2025 +1.2 pp | Mar 2026 −7.9 pp | Jun 2026 — - PLMR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +1.0 pp | Dec 2022 +0.4 pp | Mar 2023 +0.6 pp | Jun 2023 +0.5 pp | Sep 2023 +3.6 pp | Dec 2023 +1.3 pp | Mar 2024 +1.4 pp | Jun 2024 +1.0 pp | Sep 2024 +0.7 pp | Dec 2024 −0.3 pp | Mar 2025 +0.8 pp | Jun 2025 +1.3 pp | Sep 2025 +1.1 pp | Dec 2025 +0.9 pp | Mar 2026 −1.7 pp | Jun 2026 — - SKWD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −3.0 pp | Dec 2022 +5.8 pp | Mar 2023 −4.3 pp | Jun 2023 +1.7 pp | Sep 2023 +5.2 pp | Dec 2023 −0.7 pp | Mar 2024 +2.8 pp | Jun 2024 +0.9 pp | Sep 2024 +0.9 pp | Dec 2024 −3.4 pp | Mar 2025 −0.6 pp | Jun 2025 −0.2 pp | Sep 2025 −0.3 pp | Dec 2025 +2.8 pp | Mar 2026 −0.7 pp | Jun 2026 — - SLDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 +7.6 pp | Dec 2023 +17.7 pp | Mar 2024 — | Jun 2024 — | Sep 2024 −1.8 pp | Dec 2024 +4.7 pp | Mar 2025 −10.7 pp | Jun 2025 −19.7 pp | Sep 2025 +10.8 pp | Dec 2025 −0.4 pp | Mar 2026 −4.1 pp | Jun 2026 — - HCI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −14.3 pp | Dec 2022 +0.3 pp | Mar 2023 +4.4 pp | Jun 2023 +7.5 pp | Sep 2023 +21.6 pp | Dec 2023 +11.3 pp | Mar 2024 +11.8 pp | Jun 2024 +10.7 pp | Sep 2024 −3.1 pp | Dec 2024 −11.2 pp | Mar 2025 −1.2 pp | Jun 2025 −4.2 pp | Sep 2025 +7.8 pp | Dec 2025 +12.7 pp | Mar 2026 −5.9 pp | Jun 2026 — - HMN: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +0.5 pp | Dec 2022 −3.4 pp | Mar 2023 −0.8 pp | Jun 2023 −0.8 pp | Sep 2023 −0.3 pp | Dec 2023 +4.6 pp | Mar 2024 +1.8 pp | Jun 2024 +1.4 pp | Sep 2024 +1.8 pp | Dec 2024 −0.4 pp | Mar 2025 +0.7 pp | Jun 2025 +2.0 pp | Sep 2025 +1.4 pp | Dec 2025 −0.5 pp | Mar 2026 −0.1 pp | Jun 2026 — - STC: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −5.9 pp | Dec 2022 −6.5 pp | Mar 2023 −5.6 pp | Jun 2023 −3.9 pp | Sep 2023 −1.4 pp | Dec 2023 −0.4 pp | Mar 2024 +0.9 pp | Jun 2024 0.0 pp | Sep 2024 +1.1 pp | Dec 2024 +1.0 pp | Mar 2025 −0.1 pp | Jun 2025 +1.0 pp | Sep 2025 +0.9 pp | Dec 2025 +0.7 pp | Mar 2026 +0.8 pp | Jun 2026 +0.2 pp - KMPR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −0.5 pp | Dec 2022 +0.3 pp | Mar 2023 −0.5 pp | Jun 2023 −1.6 pp | Sep 2023 −3.8 pp | Dec 2023 +4.7 pp | Mar 2024 +5.4 pp | Jun 2024 +6.5 pp | Sep 2024 +8.9 pp | Dec 2024 +1.1 pp | Mar 2025 +0.8 pp | Jun 2025 −0.4 pp | Sep 2025 −3.7 pp | Dec 2025 −4.0 pp | Mar 2026 −3.7 pp | Jun 2026 — - SAFT: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −2.1 pp | Dec 2022 −0.7 pp | Mar 2023 −2.4 pp | Jun 2023 +1.2 pp | Sep 2023 −0.4 pp | Dec 2023 −1.3 pp | Mar 2024 +4.0 pp | Jun 2024 0.0 pp | Sep 2024 +2.9 pp | Dec 2024 −0.5 pp | Mar 2025 +0.1 pp | Jun 2025 +1.3 pp | Sep 2025 0.0 pp | Dec 2025 +1.3 pp | Mar 2026 −4.3 pp | Jun 2026 — - PRCH: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −49.8 pp | Dec 2022 −11.1 pp | Mar 2023 −24.9 pp | Jun 2023 −94.4 pp | Sep 2023 +40.3 pp | Dec 2023 +12.1 pp | Mar 2024 −1,854.8 pp | Jun 2024 +200.0 pp | Sep 2024 −10.5 pp | Dec 2024 −65.8 pp | Mar 2025 +1,874.8 pp | Jun 2025 −108.6 pp | Sep 2025 +28.2 pp | Dec 2025 +35.8 pp | Mar 2026 −57.6 pp | Jun 2026 — - UFCS: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −1.8 pp | Dec 2022 −4.3 pp | Mar 2023 −3.3 pp | Jun 2023 −6.4 pp | Sep 2023 +3.9 pp | Dec 2023 +0.2 pp | Mar 2024 +1.7 pp | Jun 2024 +7.3 pp | Sep 2024 +1.9 pp | Dec 2024 +1.5 pp | Mar 2025 +0.5 pp | Jun 2025 +3.3 pp | Sep 2025 +1.9 pp | Dec 2025 +0.3 pp | Mar 2026 +1.1 pp | Jun 2026 — ## Gross NPA — Leaders & Improvers What the numbers say: There is not enough comparable evidence to name a reliable gross npa leader. Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current gnpa change signal. Evidence: No comparable leader | Not enough peers | Not enough history | 0/30 companies · 0 observations Definition: Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted. ### Gross NPA — lowest ### GNPA change — fastest improvers ### 20-quarter Gross NPA history ### 20-quarter GNPA change history ## Valuation Against Growth & Quality What the numbers say: Slide Insurance Holdings, Inc. has the lowest comparable P/BV ÷ ROE at 0.11×, 38.9% below The Allstate Corporation. Only 23 of 30 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/bv signal. Evidence: Slide Insurance Holdings, Inc. · 0.11× | 38.9% versus #2 · The Allstate Corporation | 0/4 recent comparable periods | 23/30 companies · 446 observations Definition: Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive. ### P/BV ÷ ROE — lowest return-adjusted price 1. Slide Insurance Holdings, Inc. (SLDE): 0.1 2. The Allstate Corporation (ALL): 0.2 3. HCI Group, Inc. (HCI): 0.2 4. Mercury General Corporation (MCY): 0.2 5. W. R. Berkley Corporation (WRB): 0.3 ### P/BV — lowest P/BV 1. Porch Group, Inc. (PRCH): -29.9 2. Kemper Corporation (KMPR): 0.7 3. United Fire Group, Inc. (UFCS): 1.0 4. White Mountains Insurance Group, Ltd. (WTM): 1.0 5. CNA Financial Corporation (CNA): 1.1 ### 20-quarter P/BV ÷ ROE history - CB: Sep 2021 0.4 | Dec 2021 0.4 | Mar 2022 0.5 | Jun 2022 0.8 | Sep 2022 1.1 | Dec 2022 0.8 | Mar 2023 0.5 | Jun 2023 0.4 | Sep 2023 0.4 | Dec 2023 0.3 | Mar 2024 0.5 | Jun 2024 0.5 | Sep 2024 0.5 | Dec 2024 0.4 | Mar 2025 0.9 | Jun 2025 0.4 | Sep 2025 0.4 | Dec 2025 0.4 | Mar 2026 0.6 | Jun 2026 0.5 - PGR: Sep 2021 4.8 | Dec 2021 0.6 | Mar 2022 2.2 | Jun 2022 — | Sep 2022 6.6 | Dec 2022 1.0 | Mar 2023 1.9 | Jun 2023 2.2 | Sep 2023 0.7 | Dec 2023 0.4 | Mar 2024 0.5 | Jun 2024 0.7 | Sep 2024 0.5 | Dec 2024 0.5 | Mar 2025 0.6 | Jun 2025 0.4 | Sep 2025 0.5 | Dec 2025 0.4 | Mar 2026 0.4 | Jun 2026 — - TRV: Sep 2021 0.6 | Dec 2021 0.3 | Mar 2022 0.5 | Jun 2022 0.8 | Sep 2022 1.0 | Dec 2022 0.6 | Mar 2023 0.4 | Jun 2023 — | Sep 2023 0.9 | Dec 2023 0.3 | Mar 2024 0.5 | Jun 2024 0.8 | Sep 2024 0.4 | Dec 2024 2.9 | Mar 2025 1.4 | Jun 2025 0.4 | Sep 2025 0.3 | Dec 2025 1.1 | Mar 2026 0.3 | Jun 2026 0.3 - ALL: Sep 2021 0.7 | Dec 2021 0.5 | Mar 2022 0.6 | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 0.2 | Mar 2024 0.4 | Jun 2024 1.1 | Sep 2024 0.4 | Dec 2024 0.2 | Mar 2025 0.9 | Jun 2025 0.2 | Sep 2025 0.1 | Dec 2025 0.1 | Mar 2026 0.2 | Jun 2026 — - WRB: Sep 2021 0.5 | Dec 2021 0.5 | Mar 2022 0.3 | Jun 2022 1.0 | Sep 2022 0.8 | Dec 2022 0.5 | Mar 2023 0.6 | Jun 2023 0.4 | Sep 2023 0.5 | Dec 2023 0.4 | Mar 2024 0.5 | Jun 2024 0.5 | Sep 2024 0.5 | Dec 2024 0.4 | Mar 2025 0.6 | Jun 2025 0.6 | Sep 2025 0.5 | Dec 2025 0.6 | Mar 2026 0.5 | Jun 2026 — - CINF: Sep 2021 1.1 | Dec 2021 0.1 | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 0.2 | Mar 2023 0.8 | Jun 2023 0.3 | Sep 2023 — | Dec 2023 0.1 | Mar 2024 0.2 | Jun 2024 0.6 | Sep 2024 0.2 | Dec 2024 0.5 | Mar 2025 — | Jun 2025 0.3 | Sep 2025 0.2 | Dec 2025 0.4 | Mar 2026 0.8 | Jun 2026 — - MKL: Sep 2021 0.8 | Dec 2021 0.2 | Mar 2022 — | Jun 2022 — | Sep 2022 1.3 | Dec 2022 0.3 | Mar 2023 0.3 | Jun 2023 0.3 | Sep 2023 3.5 | Dec 2023 0.2 | Mar 2024 0.2 | Jun 2024 0.7 | Sep 2024 0.2 | Dec 2024 0.4 | Mar 2025 1.7 | Jun 2025 0.4 | Sep 2025 0.3 | Dec 2025 0.5 | Mar 2026 — | Jun 2026 — - L: Sep 2021 0.6 | Dec 2021 0.4 | Mar 2022 0.5 | Jun 2022 0.9 | Sep 2022 — | Dec 2022 0.4 | Mar 2023 0.4 | Jun 2023 0.4 | Sep 2023 0.5 | Dec 2023 0.3 | Mar 2024 0.4 | Jun 2024 0.4 | Sep 2024 0.4 | Dec 2024 1.0 | Mar 2025 0.5 | Jun 2025 0.5 | Sep 2025 0.4 | Dec 2025 0.5 | Mar 2026 0.6 | Jun 2026 — - CNA: Sep 2021 0.4 | Dec 2021 0.5 | Mar 2022 0.5 | Jun 2022 0.8 | Sep 2022 — | Dec 2022 0.6 | Mar 2023 0.4 | Jun 2023 0.4 | Sep 2023 0.4 | Dec 2023 0.3 | Mar 2024 0.4 | Jun 2024 0.4 | Sep 2024 0.4 | Dec 2024 6.3 | Mar 2025 0.5 | Jun 2025 0.4 | Sep 2025 0.3 | Dec 2025 0.4 | Mar 2026 0.6 | Jun 2026 — - AIZ: Sep 2021 0.1 | Dec 2021 0.8 | Mar 2022 0.7 | Jun 2022 2.1 | Sep 2022 18.7 | Dec 2022 1.1 | Mar 2023 0.6 | Jun 2023 0.4 | Sep 2023 0.4 | Dec 2023 0.5 | Mar 2024 0.4 | Jun 2024 0.4 | Sep 2024 0.7 | Dec 2024 0.5 | Mar 2025 0.7 | Jun 2025 0.4 | Sep 2025 0.4 | Dec 2025 0.5 | Mar 2026 0.4 | Jun 2026 — - AFG: Sep 2021 0.5 | Dec 2021 0.4 | Mar 2022 0.5 | Jun 2022 0.8 | Sep 2022 0.7 | Dec 2022 0.5 | Mar 2023 0.6 | Jun 2023 0.5 | Sep 2023 0.5 | Dec 2023 0.4 | Mar 2024 0.5 | Jun 2024 0.5 | Sep 2024 0.6 | Dec 2024 0.4 | Mar 2025 0.7 | Jun 2025 0.6 | Sep 2025 0.6 | Dec 2025 0.4 | Mar 2026 0.5 | Jun 2026 — - ORI: Sep 2021 0.8 | Dec 2021 0.1 | Mar 2022 0.3 | Jun 2022 — | Sep 2022 — | Dec 2022 0.2 | Mar 2023 0.4 | Jun 2023 0.5 | Sep 2023 1.4 | Dec 2023 0.4 | Mar 2024 0.3 | Jun 2024 0.9 | Sep 2024 0.3 | Dec 2024 0.9 | Mar 2025 0.4 | Jun 2025 0.5 | Sep 2025 0.4 | Dec 2025 0.5 | Mar 2026 0.3 | Jun 2026 0.3 - KNSL: Sep 2021 0.9 | Dec 2021 1.0 | Mar 2022 1.5 | Jun 2022 1.9 | Sep 2022 1.8 | Dec 2022 0.9 | Mar 2023 1.1 | Jun 2023 1.0 | Sep 2023 1.1 | Dec 2023 0.6 | Mar 2024 1.0 | Jun 2024 0.8 | Sep 2024 0.8 | Dec 2024 0.9 | Mar 2025 1.1 | Jun 2025 0.7 | Sep 2025 0.6 | Dec 2025 0.6 | Mar 2026 0.7 | Jun 2026 0.4 - THG: Sep 2021 1.4 | Dec 2021 0.3 | Mar 2022 0.5 | Jun 2022 2.5 | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 4.7 | Dec 2023 0.4 | Mar 2024 0.4 | Jun 2024 1.0 | Sep 2024 0.5 | Dec 2024 0.3 | Mar 2025 0.5 | Jun 2025 0.4 | Sep 2025 0.3 | Dec 2025 0.3 | Mar 2026 0.3 | Jun 2026 — - MCY: Sep 2021 14.4 | Dec 2021 0.9 | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 0.1 | Mar 2024 0.4 | Jun 2024 0.4 | Sep 2024 0.1 | Dec 2024 0.3 | Mar 2025 — | Jun 2025 0.2 | Sep 2025 0.2 | Dec 2025 0.2 | Mar 2026 0.2 | Jun 2026 — - RLI: Sep 2021 1.5 | Dec 2021 0.5 | Mar 2022 1.0 | Jun 2022 — | Sep 2022 0.1 | Dec 2022 0.6 | Mar 2023 0.6 | Jun 2023 0.7 | Sep 2023 4.8 | Dec 2023 0.5 | Mar 2024 0.5 | Jun 2024 0.7 | Sep 2024 0.7 | Dec 2024 1.8 | Mar 2025 1.2 | Jun 2025 0.5 | Sep 2025 0.5 | Dec 2025 0.6 | Mar 2026 0.9 | Jun 2026 0.3 - SIGI: Sep 2021 0.6 | Dec 2021 0.5 | Mar 2022 1.0 | Jun 2022 1.4 | Sep 2022 1.3 | Dec 2022 0.7 | Mar 2023 0.6 | Jun 2023 1.0 | Sep 2023 0.7 | Dec 2023 0.4 | Mar 2024 0.8 | Jun 2024 — | Sep 2024 0.6 | Dec 2024 0.6 | Mar 2025 0.5 | Jun 2025 0.6 | Sep 2025 0.4 | Dec 2025 0.3 | Mar 2026 0.4 | Jun 2026 0.4 - WTM: Sep 2021 — | Dec 2021 0.8 | Mar 2022 — | Jun 2022 — | Sep 2022 0.0 | Dec 2022 0.6 | Mar 2023 0.2 | Jun 2023 1.8 | Sep 2023 3.2 | Dec 2023 0.1 | Mar 2024 0.2 | Jun 2024 — | Sep 2024 0.2 | Dec 2024 — | Mar 2025 0.9 | Jun 2025 0.3 | Sep 2025 0.3 | Dec 2025 0.1 | Mar 2026 — | Jun 2026 — - HGTY: Sep 2021 — | Dec 2021 — | Mar 2022 1.2 | Jun 2022 — | Sep 2022 0.6 | Dec 2022 — | Mar 2023 — | Jun 2023 2.5 | Sep 2023 2.0 | Dec 2023 3.1 | Mar 2024 3.9 | Jun 2024 0.9 | Sep 2024 1.5 | Dec 2024 1.1 | Mar 2025 0.9 | Jun 2025 0.6 | Sep 2025 0.7 | Dec 2025 0.6 | Mar 2026 — | Jun 2026 — - PLMR: Sep 2021 54.4 | Dec 2021 1.0 | Mar 2022 1.1 | Jun 2022 1.1 | Sep 2022 5.2 | Dec 2022 0.6 | Mar 2023 0.8 | Jun 2023 0.8 | Sep 2023 0.6 | Dec 2023 0.5 | Mar 2024 0.7 | Jun 2024 0.7 | Sep 2024 0.7 | Dec 2024 0.7 | Mar 2025 0.7 | Jun 2025 0.7 | Sep 2025 0.5 | Dec 2025 0.6 | Mar 2026 0.7 | Jun 2026 — - SKWD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 0.5 | Jun 2023 0.5 | Sep 2023 0.4 | Dec 2023 0.4 | Mar 2024 0.4 | Jun 2024 0.4 | Sep 2024 0.4 | Dec 2024 1.3 | Mar 2025 0.5 | Jun 2025 0.5 | Sep 2025 0.4 | Dec 2025 0.4 | Mar 2026 0.3 | Jun 2026 — - SLDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 0.3 | Sep 2025 0.1 | Dec 2025 0.1 | Mar 2026 0.1 | Jun 2026 — - HCI: Sep 2021 — | Dec 2021 5.2 | Mar 2022 2.7 | Jun 2022 — | Sep 2022 — | Dec 2022 2.6 | Mar 2023 0.5 | Jun 2023 0.6 | Sep 2023 0.4 | Dec 2023 0.2 | Mar 2024 0.2 | Jun 2024 0.1 | Sep 2024 1.0 | Dec 2024 3.1 | Mar 2025 0.2 | Jun 2025 0.2 | Sep 2025 0.3 | Dec 2025 0.2 | Mar 2026 0.2 | Jun 2026 — - HMN: Sep 2021 1.0 | Dec 2021 0.4 | Mar 2022 0.9 | Jun 2022 — | Sep 2022 1.0 | Dec 2022 — | Mar 2023 2.4 | Jun 2023 — | Sep 2023 1.0 | Dec 2023 0.3 | Mar 2024 0.5 | Jun 2024 3.7 | Sep 2024 0.4 | Dec 2024 0.4 | Mar 2025 0.4 | Jun 2025 0.6 | Sep 2025 0.3 | Dec 2025 0.5 | Mar 2026 0.4 | Jun 2026 — - STC: Sep 2021 0.2 | Dec 2021 0.2 | Mar 2022 0.2 | Jun 2022 0.2 | Sep 2022 0.3 | Dec 2022 0.6 | Mar 2023 — | Jun 2023 0.6 | Sep 2023 0.7 | Dec 2023 1.2 | Mar 2024 2.6 | Jun 2024 0.8 | Sep 2024 0.6 | Dec 2024 0.7 | Mar 2025 3.6 | Jun 2025 0.5 | Sep 2025 0.4 | Dec 2025 0.5 | Mar 2026 1.0 | Jun 2026 0.5 - KMPR: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 0.5 | Mar 2024 0.6 | Jun 2024 0.5 | Sep 2024 0.5 | Dec 2024 0.4 | Mar 2025 0.4 | Jun 2025 0.6 | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 — - SAFT: Sep 2021 0.5 | Dec 2021 0.4 | Mar 2022 1.7 | Jun 2022 1.9 | Sep 2022 2.2 | Dec 2022 0.6 | Mar 2023 — | Jun 2023 0.6 | Sep 2023 4.4 | Dec 2023 0.9 | Mar 2024 0.6 | Jun 2024 0.7 | Sep 2024 0.5 | Dec 2024 1.5 | Mar 2025 0.5 | Jun 2025 0.4 | Sep 2025 0.4 | Dec 2025 0.6 | Mar 2026 — | Jun 2026 — - UFCS: Sep 2021 — | Dec 2021 0.1 | Mar 2022 0.3 | Jun 2022 — | Sep 2022 — | Dec 2022 0.4 | Mar 2023 8.9 | Jun 2023 — | Sep 2023 0.9 | Dec 2023 0.3 | Mar 2024 0.4 | Jun 2024 — | Sep 2024 0.2 | Dec 2024 0.2 | Mar 2025 0.4 | Jun 2025 0.3 | Sep 2025 0.2 | Dec 2025 0.2 | Mar 2026 0.3 | Jun 2026 — ### 20-quarter P/BV history - CB: Sep 2021 1.3 | Dec 2021 1.4 | Mar 2022 1.6 | Jun 2022 1.6 | Sep 2022 1.6 | Dec 2022 1.8 | Mar 2023 1.5 | Jun 2023 1.5 | Sep 2023 1.6 | Dec 2023 1.5 | Mar 2024 1.7 | Jun 2024 1.7 | Sep 2024 1.8 | Dec 2024 1.7 | Mar 2025 1.8 | Jun 2025 1.7 | Sep 2025 1.6 | Dec 2025 1.7 | Mar 2026 1.7 | Jun 2026 1.8 - PGR: Sep 2021 2.9 | Dec 2021 3.3 | Mar 2022 3.9 | Jun 2022 4.3 | Sep 2022 4.6 | Dec 2022 4.8 | Mar 2023 5.0 | Jun 2023 4.6 | Sep 2023 4.7 | Dec 2023 4.6 | Mar 2024 5.6 | Jun 2024 5.2 | Sep 2024 5.5 | Dec 2024 5.5 | Mar 2025 5.7 | Jun 2025 4.8 | Sep 2025 4.1 | Dec 2025 4.4 | Mar 2026 3.6 | Jun 2026 — - TRV: Sep 2021 1.3 | Dec 2021 1.3 | Mar 2022 1.7 | Jun 2022 1.8 | Sep 2022 1.8 | Dec 2022 2.0 | Mar 2023 1.7 | Jun 2023 1.8 | Sep 2023 1.9 | Dec 2023 1.7 | Mar 2024 2.1 | Jun 2024 1.9 | Sep 2024 1.9 | Dec 2024 22.6 | Mar 2025 2.1 | Jun 2025 2.0 | Sep 2025 2.0 | Dec 2025 9.0 | Mar 2026 1.9 | Jun 2026 2.1 - ALL: Sep 2021 1.4 | Dec 2021 1.3 | Mar 2022 1.7 | Jun 2022 1.7 | Sep 2022 1.9 | Dec 2022 2.0 | Mar 2023 1.7 | Jun 2023 1.8 | Sep 2023 2.0 | Dec 2023 2.1 | Mar 2024 2.5 | Jun 2024 2.3 | Sep 2024 2.4 | Dec 2024 2.4 | Mar 2025 2.5 | Jun 2025 2.2 | Sep 2025 2.0 | Dec 2025 1.8 | Mar 2026 1.7 | Jun 2026 — - WRB: Sep 2021 1.9 | Dec 2021 2.2 | Mar 2022 2.6 | Jun 2022 2.8 | Sep 2022 2.7 | Dec 2022 2.8 | Mar 2023 2.4 | Jun 2023 2.2 | Sep 2023 2.4 | Dec 2023 2.4 | Mar 2024 2.9 | Jun 2024 2.6 | Sep 2024 2.6 | Dec 2024 2.7 | Mar 2025 3.0 | Jun 2025 3.0 | Sep 2025 3.0 | Dec 2025 2.7 | Mar 2026 2.5 | Jun 2026 — - CINF: Sep 2021 1.6 | Dec 2021 1.4 | Mar 2022 1.8 | Jun 2022 1.8 | Sep 2022 1.5 | Dec 2022 1.5 | Mar 2023 1.6 | Jun 2023 1.4 | Sep 2023 1.5 | Dec 2023 1.3 | Mar 2024 1.5 | Jun 2024 1.4 | Sep 2024 1.5 | Dec 2024 1.6 | Mar 2025 1.7 | Jun 2025 1.6 | Sep 2025 1.6 | Dec 2025 1.6 | Mar 2026 1.6 | Jun 2026 — - MKL: Sep 2021 1.2 | Dec 2021 1.1 | Mar 2022 1.4 | Jun 2022 1.4 | Sep 2022 1.2 | Dec 2022 1.3 | Mar 2023 1.2 | Jun 2023 1.3 | Sep 2023 1.4 | Dec 2023 1.2 | Mar 2024 1.3 | Jun 2024 1.3 | Sep 2024 1.2 | Dec 2024 1.3 | Mar 2025 1.4 | Jun 2025 1.5 | Sep 2025 1.3 | Dec 2025 1.5 | Mar 2026 1.3 | Jun 2026 — - L: Sep 2021 0.8 | Dec 2021 0.8 | Mar 2022 1.0 | Jun 2022 0.9 | Sep 2022 0.9 | Dec 2022 1.0 | Mar 2023 0.9 | Jun 2023 0.9 | Sep 2023 1.0 | Dec 2023 1.0 | Mar 2024 1.1 | Jun 2024 1.0 | Sep 2024 1.0 | Dec 2024 1.1 | Mar 2025 1.1 | Jun 2025 1.1 | Sep 2025 1.1 | Dec 2025 1.2 | Mar 2026 1.2 | Jun 2026 — - CNA: Sep 2021 0.9 | Dec 2021 0.9 | Mar 2022 1.2 | Jun 2022 1.3 | Sep 2022 1.2 | Dec 2022 1.3 | Mar 2023 1.2 | Jun 2023 1.2 | Sep 2023 1.2 | Dec 2023 1.2 | Mar 2024 1.3 | Jun 2024 1.3 | Sep 2024 1.2 | Dec 2024 1.3 | Mar 2025 1.3 | Jun 2025 1.2 | Sep 2025 1.1 | Dec 2025 1.1 | Mar 2026 1.1 | Jun 2026 — - AIZ: Sep 2021 1.6 | Dec 2021 1.6 | Mar 2022 2.0 | Jun 2022 2.1 | Sep 2022 1.9 | Dec 2022 1.6 | Mar 2023 1.5 | Jun 2023 1.5 | Sep 2023 1.7 | Dec 2023 1.8 | Mar 2024 2.0 | Jun 2024 1.7 | Sep 2024 1.9 | Dec 2024 2.1 | Mar 2025 2.0 | Jun 2025 1.8 | Sep 2025 1.9 | Dec 2025 2.0 | Mar 2026 1.8 | Jun 2026 — - AFG: Sep 2021 2.0 | Dec 2021 2.3 | Mar 2022 2.6 | Jun 2022 2.9 | Sep 2022 2.7 | Dec 2022 2.9 | Mar 2023 2.6 | Jun 2023 2.5 | Sep 2023 2.4 | Dec 2023 2.3 | Mar 2024 2.7 | Jun 2024 2.4 | Sep 2024 2.4 | Dec 2024 2.6 | Mar 2025 2.5 | Jun 2025 2.3 | Sep 2025 2.6 | Dec 2025 2.4 | Mar 2026 2.3 | Jun 2026 — - ORI: Sep 2021 1.1 | Dec 2021 1.1 | Mar 2022 1.2 | Jun 2022 1.1 | Sep 2022 1.1 | Dec 2022 1.2 | Mar 2023 1.2 | Jun 2023 1.2 | Sep 2023 1.3 | Dec 2023 1.3 | Mar 2024 1.3 | Jun 2024 1.3 | Sep 2024 1.4 | Dec 2024 1.6 | Mar 2025 1.6 | Jun 2025 1.5 | Sep 2025 1.6 | Dec 2025 1.9 | Mar 2026 1.6 | Jun 2026 1.6 - KNSL: Sep 2021 5.6 | Dec 2021 7.8 | Mar 2022 7.9 | Jun 2022 8.3 | Sep 2022 9.5 | Dec 2022 8.1 | Mar 2023 8.5 | Jun 2023 9.9 | Sep 2023 10.4 | Dec 2023 7.1 | Mar 2024 10.4 | Jun 2024 7.1 | Sep 2024 7.6 | Dec 2024 7.3 | Mar 2025 6.6 | Jun 2025 6.6 | Sep 2025 5.3 | Dec 2025 4.6 | Mar 2026 4.0 | Jun 2026 3.7 - THG: Sep 2021 1.5 | Dec 2021 1.5 | Mar 2022 1.9 | Jun 2022 2.0 | Sep 2022 2.0 | Dec 2022 2.1 | Mar 2023 1.9 | Jun 2023 1.8 | Sep 2023 1.9 | Dec 2023 1.8 | Mar 2024 1.9 | Jun 2024 1.8 | Sep 2024 1.9 | Dec 2024 2.0 | Mar 2025 2.1 | Jun 2025 1.9 | Sep 2025 1.9 | Dec 2025 1.8 | Mar 2026 1.7 | Jun 2026 — - MCY: Sep 2021 1.4 | Dec 2021 1.4 | Mar 2022 1.6 | Jun 2022 1.5 | Sep 2022 1.0 | Dec 2022 1.2 | Mar 2023 1.2 | Jun 2023 1.2 | Sep 2023 1.1 | Dec 2023 1.3 | Mar 2024 1.8 | Jun 2024 1.8 | Sep 2024 1.9 | Dec 2024 1.9 | Mar 2025 1.7 | Jun 2025 1.9 | Sep 2025 2.1 | Dec 2025 2.2 | Mar 2026 1.9 | Jun 2026 — - RLI: Sep 2021 3.6 | Dec 2021 4.1 | Mar 2022 4.4 | Jun 2022 5.1 | Sep 2022 3.3 | Dec 2022 5.1 | Mar 2023 4.6 | Jun 2023 4.6 | Sep 2023 4.8 | Dec 2023 4.3 | Mar 2024 4.5 | Jun 2024 4.1 | Sep 2024 4.1 | Dec 2024 5.0 | Mar 2025 4.6 | Jun 2025 3.8 | Sep 2025 3.2 | Dec 2025 3.3 | Mar 2026 2.9 | Jun 2026 3.1 - SIGI: Sep 2021 1.6 | Dec 2021 1.7 | Mar 2022 1.9 | Jun 2022 2.0 | Sep 2022 2.0 | Dec 2022 2.1 | Mar 2023 2.2 | Jun 2023 2.2 | Sep 2023 2.4 | Dec 2023 2.0 | Mar 2024 2.2 | Jun 2024 2.0 | Sep 2024 1.8 | Dec 2024 1.8 | Mar 2025 1.7 | Jun 2025 1.6 | Sep 2025 1.4 | Dec 2025 1.4 | Mar 2026 1.3 | Jun 2026 1.6 - WTM: Sep 2021 0.9 | Dec 2021 0.9 | Mar 2022 1.0 | Jun 2022 1.1 | Sep 2022 0.9 | Dec 2022 1.0 | Mar 2023 0.9 | Jun 2023 0.9 | Sep 2023 1.0 | Dec 2023 0.9 | Mar 2024 1.0 | Jun 2024 1.1 | Sep 2024 0.9 | Dec 2024 1.1 | Mar 2025 1.1 | Jun 2025 1.0 | Sep 2025 0.9 | Dec 2025 1.0 | Mar 2026 1.0 | Jun 2026 — - LMND: Sep 2021 3.9 | Dec 2021 2.6 | Mar 2022 1.8 | Jun 2022 1.3 | Sep 2022 1.6 | Dec 2022 1.1 | Mar 2023 1.2 | Jun 2023 1.5 | Sep 2023 1.1 | Dec 2023 1.6 | Mar 2024 1.7 | Jun 2024 1.8 | Sep 2024 2.0 | Dec 2024 4.5 | Mar 2025 4.2 | Jun 2025 6.1 | Sep 2025 7.7 | Dec 2025 10.1 | Mar 2026 9.3 | Jun 2026 — - HGTY: Sep 2021 -2.5 | Dec 2021 -3.6 | Mar 2022 12.0 | Jun 2022 13.1 | Sep 2022 7.6 | Dec 2022 11.8 | Mar 2023 11.7 | Jun 2023 11.7 | Sep 2023 9.3 | Dec 2023 7.1 | Mar 2024 8.3 | Jun 2024 9.4 | Sep 2024 6.2 | Dec 2024 1.3 | Mar 2025 5.0 | Jun 2025 5.3 | Sep 2025 5.7 | Dec 2025 1.5 | Mar 2026 4.9 | Jun 2026 — - PLMR: Sep 2021 5.4 | Dec 2021 4.2 | Mar 2022 4.2 | Jun 2022 4.3 | Sep 2022 5.7 | Dec 2022 2.9 | Mar 2023 3.4 | Jun 2023 3.5 | Sep 2023 3.0 | Dec 2023 2.9 | Mar 2024 4.2 | Jun 2024 3.8 | Sep 2024 3.6 | Dec 2024 3.8 | Mar 2025 4.6 | Jun 2025 4.9 | Sep 2025 3.5 | Dec 2025 3.8 | Mar 2026 3.3 | Jun 2026 — - SKWD: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.6 | Jun 2023 1.8 | Sep 2023 1.9 | Dec 2023 2.0 | Mar 2024 2.2 | Jun 2024 2.0 | Sep 2024 2.1 | Dec 2024 2.6 | Mar 2025 2.5 | Jun 2025 2.6 | Sep 2025 2.0 | Dec 2025 2.1 | Mar 2026 1.6 | Jun 2026 — - SLDE: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 3.1 | Sep 2025 2.0 | Dec 2025 2.2 | Mar 2026 1.9 | Jun 2026 — - HCI: Sep 2021 3.6 | Dec 2021 2.6 | Mar 2022 2.2 | Jun 2022 2.6 | Sep 2022 2.0 | Dec 2022 2.1 | Mar 2023 2.6 | Jun 2023 2.8 | Sep 2023 2.3 | Dec 2023 2.6 | Mar 2024 3.0 | Jun 2024 2.2 | Sep 2024 2.5 | Dec 2024 2.8 | Mar 2025 3.1 | Jun 2025 2.6 | Sep 2025 3.0 | Dec 2025 2.4 | Mar 2026 1.8 | Jun 2026 — - HMN: Sep 2021 0.9 | Dec 2021 0.9 | Mar 2022 1.1 | Jun 2022 1.3 | Sep 2022 1.3 | Dec 2022 1.4 | Mar 2023 1.2 | Jun 2023 1.1 | Sep 2023 1.1 | Dec 2023 1.1 | Mar 2024 1.3 | Jun 2024 1.1 | Sep 2024 1.1 | Dec 2024 1.3 | Mar 2025 1.3 | Jun 2025 1.3 | Sep 2025 1.3 | Dec 2025 1.3 | Mar 2026 1.2 | Jun 2026 — - STC: Sep 2021 1.4 | Dec 2021 1.7 | Mar 2022 1.3 | Jun 2022 1.0 | Sep 2022 0.9 | Dec 2022 0.9 | Mar 2023 0.8 | Jun 2023 0.8 | Sep 2023 0.9 | Dec 2023 1.2 | Mar 2024 1.3 | Jun 2024 1.3 | Sep 2024 1.5 | Dec 2024 1.3 | Mar 2025 1.4 | Jun 2025 1.3 | Sep 2025 1.4 | Dec 2025 1.3 | Mar 2026 1.1 | Jun 2026 1.2 - KMPR: Sep 2021 1.0 | Dec 2021 0.9 | Mar 2022 1.1 | Jun 2022 1.1 | Sep 2022 1.1 | Dec 2022 1.2 | Mar 2023 1.3 | Jun 2023 1.2 | Sep 2023 1.1 | Dec 2023 1.3 | Mar 2024 1.5 | Jun 2024 1.4 | Sep 2024 1.4 | Dec 2024 1.5 | Mar 2025 1.5 | Jun 2025 1.4 | Sep 2025 1.2 | Dec 2025 0.9 | Mar 2026 0.7 | Jun 2026 — - SAFT: Sep 2021 1.3 | Dec 2021 1.4 | Mar 2022 1.6 | Jun 2022 1.8 | Sep 2022 1.5 | Dec 2022 1.5 | Mar 2023 1.4 | Jun 2023 1.3 | Sep 2023 1.3 | Dec 2023 1.4 | Mar 2024 1.5 | Jun 2024 1.4 | Sep 2024 1.4 | Dec 2024 1.5 | Mar 2025 1.4 | Jun 2025 1.4 | Sep 2025 1.2 | Dec 2025 1.3 | Mar 2026 1.3 | Jun 2026 — - PRCH: Sep 2021 9.0 | Dec 2021 7.2 | Mar 2022 3.2 | Jun 2022 1.3 | Sep 2022 2.0 | Dec 2022 2.4 | Mar 2023 3.1 | Jun 2023 -3.8 | Sep 2023 -2.1 | Dec 2023 -8.4 | Mar 2024 -9.6 | Jun 2024 -1.5 | Sep 2024 -2.0 | Dec 2024 -11.6 | Mar 2025 -14.2 | Jun 2025 -41.8 | Sep 2025 -62.9 | Dec 2025 -39.2 | Mar 2026 -29.9 | Jun 2026 — - UFCS: Sep 2021 0.7 | Dec 2021 0.7 | Mar 2022 0.9 | Jun 2022 1.1 | Sep 2022 1.0 | Dec 2022 0.9 | Mar 2023 0.9 | Jun 2023 0.9 | Sep 2023 0.8 | Dec 2023 0.7 | Mar 2024 0.8 | Jun 2024 0.8 | Sep 2024 0.7 | Dec 2024 0.9 | Mar 2025 0.9 | Jun 2025 0.9 | Sep 2025 0.9 | Dec 2025 1.0 | Mar 2026 1.0 | Jun 2026 — ## Market action United Fire Group, Inc. has the strongest one-year price move in Insurance - Property & Casualty at +102.1%. It also leads on Mansfield relative strength against the S&P 500 at +28%. 20 of 30 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-07-28. ### Strongest one-year price performers 1. United Fire Group, Inc. (UFCS): 102% 2. Lemonade, Inc. (LMND): 71% 3. Mercury General Corporation (MCY): 61% 4. The Travelers Companies, Inc. (TRV): 54% 5. Assurant, Inc. (AIZ): 52% ### Strongest relative strength versus NIFTY 500 1. United Fire Group, Inc. (UFCS): 28% 2. Safety Insurance Group, Inc. (SAFT): 27% 3. The Travelers Companies, Inc. (TRV): 25% 4. Skyward Specialty Insurance Group, Inc. (SKWD): 21% 5. The Allstate Corporation (ALL): 19% ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROE can be manufactured with leverage. Read it beside ROA and asset quality. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. - Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing. - Thin comparisons: Funding base, Asset quality have fewer than three usable current readings. ## Every company - Chubb Limited (CB) — market value ₹1.4 L Cr; latest fundamentals Jun 2026 - The Progressive Corporation (PGR) — market value ₹1.3 L Cr; latest fundamentals Jun 2026 - The Travelers Companies, Inc. (TRV) — market value ₹82.9K Cr; latest fundamentals Jun 2026 - The Allstate Corporation (ALL) — market value ₹70.1K Cr; latest fundamentals Mar 2026 - W. R. Berkley Corporation (WRB) — market value ₹29.6K Cr; latest fundamentals Jun 2026 - Cincinnati Financial Corporation (CINF) — market value ₹28.3K Cr; latest fundamentals Mar 2026 - Markel Group Inc. (MKL) — market value ₹25.5K Cr; latest fundamentals Mar 2026 - Loews Corporation (L) — market value ₹24.6K Cr; latest fundamentals Mar 2026 - CNA Financial Corporation (CNA) — market value ₹15.0K Cr; latest fundamentals Mar 2026 - Assurant, Inc. (AIZ) — market value ₹14.0K Cr; latest fundamentals Mar 2026 - American Financial Group, Inc. (AFG) — market value ₹12.0K Cr; latest fundamentals Mar 2026 - Old Republic International Corporation (ORI) — market value ₹10.6K Cr; latest fundamentals Jun 2026 - Kinsale Capital Group, Inc. (KNSL) — market value ₹8.4K Cr; latest fundamentals Jun 2026 - The Hanover Insurance Group, Inc. (THG) — market value ₹7.8K Cr; latest fundamentals Mar 2026 - Mercury General Corporation (MCY) — market value ₹6.1K Cr; latest fundamentals Mar 2026 - RLI Corp. (RLI) — market value ₹6.0K Cr; latest fundamentals Jun 2026 - Selective Insurance Group, Inc. (SIGI) — market value ₹5.6K Cr; latest fundamentals Jun 2026 - White Mountains Insurance Group, Ltd. (WTM) — market value ₹5.4K Cr; latest fundamentals Mar 2026 - Lemonade, Inc. (LMND) — market value ₹4.8K Cr; latest fundamentals Mar 2026 - Hagerty, Inc. (HGTY) — market value ₹4.2K Cr; latest fundamentals Mar 2026 - Palomar Holdings, Inc. (PLMR) — market value ₹3.8K Cr; latest fundamentals Mar 2026 - Skyward Specialty Insurance Group, Inc. (SKWD) — market value ₹2.5K Cr; latest fundamentals Mar 2026 - Slide Insurance Holdings, Inc. (SLDE) — market value ₹2.5K Cr; latest fundamentals Mar 2026 - HCI Group, Inc. (HCI) — market value ₹2.3K Cr; latest fundamentals Mar 2026 - Horace Mann Educators Corporation (HMN) — market value ₹2.1K Cr; latest fundamentals Mar 2026 - Stewart Information Services Corporation (STC) — market value ₹2.1K Cr; latest fundamentals Jun 2026 - Kemper Corporation (KMPR) — market value ₹1.8K Cr; latest fundamentals Mar 2026 - Safety Insurance Group, Inc. (SAFT) — market value ₹1.5K Cr; latest fundamentals Mar 2026 - Porch Group, Inc. (PRCH) — market value ₹1.4K Cr; latest fundamentals Mar 2026 - United Fire Group, Inc. (UFCS) — market value ₹1.4K Cr; latest fundamentals Mar 2026 ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-07-28. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Which Insurance - Property & Casualty company is the biggest? The Allstate Corporation is the largest, with trailing-twelve-month income of $68,174 million, ahead of Loews Corporation at $18,515 million. That covers 21 of 30 companies with comparable reporting through Mar 2026. ### Which Insurance - Property & Casualty company is growing fastest? White Mountains Insurance Group, Ltd. has the fastest income growth at 69.3% year on year, across 21 of 30 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend. ### Which Insurance - Property & Casualty company makes the most profit? The Allstate Corporation earns the most, at $12,128 million of trailing-twelve-month net profit, from 21 of 30 comparable companies. The Allstate Corporation has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed. ### Which Insurance - Property & Casualty company earns the highest return on capital? Slide Insurance Holdings, Inc. leads on return on assets at 5.8%, across 28 of 30 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year. ### Which Insurance - Property & Casualty stock is the cheapest? On price-to-book divided by return on equity — where a LOWER number is cheaper — Slide Insurance Holdings, Inc. screens cheapest at 0.11×. Only 23 of 30 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own. ### Is the Insurance - Property & Casualty sector beating the market? Insurance - Property & Casualty has outperformed S&P 500 by 6.4% over the last 52 weeks and 14.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 20 of 30 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Insurance - Property & Casualty stock has the strongest price momentum? United Fire Group, Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all. ### Which Insurance - Property & Casualty company scores highest for research priority? Slide Insurance Holdings, Inc. scores 75.4 out of 100 with 70% evidence confidence, from 24.7 points on growth and earnings, 20.8 on capital efficiency, 14.5 on valuation and 15.4 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research. ### How many Insurance - Property & Casualty companies does this comparison cover, and over what period? It compares 30 listed companies over up to 20 reported quarters of fundamentals and 6 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data. ### What is the total market cap of the Insurance - Property & Casualty sector? The 30 Insurance - Property & Casualty companies on this page carry $650,022 million of combined market value. Chubb Limited is the largest at $140,178 million, about 22% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-28. ### What is the Insurance - Property & Casualty sector's P/B ratio? The median price-to-book ratio across the 30 Insurance - Property & Casualty companies on this page is 1.7×, measured on the 29 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-07-28. ### How is the Insurance - Property & Casualty sector performing? 20 of the 30 covered Insurance - Property & Casualty companies are beating S&P 500 on Mansfield relative strength. The sector itself is 6.4% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-28. ### How many Insurance - Property & Casualty stocks are listed in the US? This comparison covers 30 listed Insurance - Property & Casualty companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad. ### Is this investment advice? No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser. Narrative sector analysis: https://www.sectoralpha.in/sectors/insurance-property-casualty