Sector Alpha Week of 2026-08-04
20-quarter listed-company comparison

Insurance Brokers Stocks

Insurance Brokers: SelectQuote, Inc. owns the largest revenue base; Ethos Technologies Inc. has the fastest current growth.

01 · the industry itself · before any single company

How has Insurance Brokers moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 54% behind S&P 500. Earnings across its companies grew 6% on average over the last four reported quarters — close to flat. It has been ahead of S&P 500 on a rolling three-month view for 7 weeks running.

BREAKING OUT · ahead 7wPrice down, no fundamental support11 of 15 companies ahead of S&P 500 by 5% or more over three months1 is 20% or more behind over a year while earnings grew 20% or more

RS ↑7w · 10/14 >200d (+3) · 11/15 lead (+3) · EPS 3/14↑

20030020262025202420232022 287348 TRAILING 12-MONTH EPS · 100 AT THE START0100153Mar 22Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 9 reportingJun 2022 · trailing 12-month earnings per share at 101, against 100 at the start · down 90.0% on a year ago · 10 reportingSep 2022 · trailing 12-month earnings per share at 99, against 100 at the start · no comparable year yet · 9 reportingDec 2022 · trailing 12-month earnings per share at 101, against 100 at the start · down 60.9% on a year ago · 10 reportingMar 2023 · trailing 12-month earnings per share at 103, against 100 at the start · up 3.3% on a year ago · 9 reportingJun 2023 · trailing 12-month earnings per share at 117, against 100 at the start · up 13.8% on a year ago · 10 reportingSep 2023 · trailing 12-month earnings per share at 118, against 100 at the start · up 11.3% on a year ago · 9 reportingDec 2023 · trailing 12-month earnings per share at 131, against 100 at the start · up 24.9% on a year ago · 10 reportingMar 2024 · trailing 12-month earnings per share at 125, against 100 at the start · up 19.8% on a year ago · 9 reportingJun 2024 · trailing 12-month earnings per share at 144, against 100 at the start · up 13.6% on a year ago · 10 reportingSep 2024 · trailing 12-month earnings per share at 129, against 100 at the start · up 14.3% on a year ago · 9 reportingDec 2024 · trailing 12-month earnings per share at 142, against 100 at the start · up 15.6% on a year ago · 12 reportingMar 2025 · trailing 12-month earnings per share at 143, against 100 at the start · up 25.7% on a year ago · 11 reportingJun 2025 · trailing 12-month earnings per share at 153, against 100 at the start · up 23.1% on a year ago · 12 reportingSep 2025 · trailing 12-month earnings per share at 138, against 100 at the start · up 16.0% on a year ago · 11 reportingDec 2025 · trailing 12-month earnings per share at 139, against 100 at the start · down 8.5% on a year ago · 12 reportingMar 2026 · trailing 12-month earnings per share at 136, against 100 at the start · down 7.0% on a year ago · 11 reportingNot reported yet — earnings trail price by a quarter or two136 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
20030020262025202420232022 287348 TRAILING 12-MONTH EPS · 100 AT THE START0100153Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 9 reportingJun 2022 · trailing 12-month earnings per share at 101, against 100 at the start · down 90.0% on a year ago · 10 reportingSep 2022 · trailing 12-month earnings per share at 99, against 100 at the start · no comparable year yet · 9 reportingDec 2022 · trailing 12-month earnings per share at 101, against 100 at the start · down 60.9% on a year ago · 10 reportingMar 2023 · trailing 12-month earnings per share at 103, against 100 at the start · up 3.3% on a year ago · 9 reportingJun 2023 · trailing 12-month earnings per share at 117, against 100 at the start · up 13.8% on a year ago · 10 reportingSep 2023 · trailing 12-month earnings per share at 118, against 100 at the start · up 11.3% on a year ago · 9 reportingDec 2023 · trailing 12-month earnings per share at 131, against 100 at the start · up 24.9% on a year ago · 10 reportingMar 2024 · trailing 12-month earnings per share at 125, against 100 at the start · up 19.8% on a year ago · 9 reportingJun 2024 · trailing 12-month earnings per share at 144, against 100 at the start · up 13.6% on a year ago · 10 reportingSep 2024 · trailing 12-month earnings per share at 129, against 100 at the start · up 14.3% on a year ago · 9 reportingDec 2024 · trailing 12-month earnings per share at 142, against 100 at the start · up 15.6% on a year ago · 12 reportingMar 2025 · trailing 12-month earnings per share at 143, against 100 at the start · up 25.7% on a year ago · 11 reportingJun 2025 · trailing 12-month earnings per share at 153, against 100 at the start · up 23.1% on a year ago · 12 reportingSep 2025 · trailing 12-month earnings per share at 138, against 100 at the start · up 16.0% on a year ago · 11 reportingDec 2025 · trailing 12-month earnings per share at 139, against 100 at the start · down 8.5% on a year ago · 12 reportingMar 2026 · trailing 12-month earnings per share at 136, against 100 at the start · down 7.0% on a year ago · 11 reportingNot reported yet — earnings trail price by a quarter or two136No earnings on file this far back — the price series reaches further than the filings do
Insurance Brokers, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 15 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

02 · sector relative strength, before individual stocks

Is Insurance Brokers outperforming S&P 500?

Insurance Brokers has underperformed S&P 500 by 27.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 14.2%. 4 of 13 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. The Baldwin Insurance Group, Inc. is the strongest against the sector itself at +8.6%.

+14.2%Sector vs S&P 500 · 13 weeks
-27.6%Sector vs S&P 500 · 52 weeks
4/13Stocks leading S&P 500
5/13Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Insurance Brokers has underperformed S&P 500 by 27.6% over 52 weeks and 14.2% over 13 weeks. 4 of 13 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 13 beat the sector itself. SelectQuote, Inc. leads with income of $1,642 million, based on 6 of 15 comparable companies through Mar 2026.

Companies
15
complete canonical membership
Combined market value
$319.2B
Marsh & McLennan Companies, Inc.
Revenue growing
5/6
positive TTM year-on-year growth
Beating S&P 500
4/13
positive Mansfield relative strength
Comparing 5 of 15
03 · research priority, made explicit

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.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
TWFG, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 70% evidence confidence.
Willis Towers Watson Public Limited Company has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1TWFG, Inc.TWFG 61.8/100Mixed-positive evidence70% evidence BREAKING OUT 25.6/35 Income 25.9% · PAT 65.5% 71% evidence 15.4/25 ROA 3.2% · ROE 4.6% · GNPA — 68% evidence 5.8/20 P/BV 3.77× · P/BV÷ROE 0.82 70% evidence 15.0/20 RS sector 6.1% · RS bench 2.3% · 1Y 6%7 of 12 weeks ahead 70% evidence
Exact sum: 25.6 + 15.4 + 5.8 + 15 = 61.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2SelectQuote, Inc.SLQT 51.1/100Mixed-positive evidence70% evidence ASLEEP 25.4/35 Income 10.3% · PAT 100% 71% evidence 14.1/25 ROA 2.5% · ROE 6.6% · GNPA — 68% evidence 8.6/20 P/BV 0.17× · P/BV÷ROE 0.03 70% evidence 3.0/20 RS sector -44.6% · RS bench -48.6% · 1Y -61.9%7 of 12 weeks ahead 70% evidence
Exact sum: 25.4 + 14.1 + 8.6 + 3 = 51.1 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -44.6% and the one-year return is -61.9%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
3Marsh & McLennan Companies, Inc.MRSH 48.0/100Mixed-negative evidence60% evidence TURNING 17.1/35 Income — · PAT — 26% evidence 16.3/25 ROA 2.4% · ROE 8.2% · GNPA — 68% evidence 7.6/20 P/BV 5.25× · P/BV÷ROE 0.64 70% evidence 7.0/20 RS sector -3.4% · RS bench -6% · 1Y -6%2 of 12 weeks ahead 100% evidence
Exact sum: 17.1 + 16.3 + 7.6 + 7 = 48 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4Brown & Brown, Inc.BRO 44.2/100Mixed-negative evidence60% evidence TURNING 17.8/35 Income — · PAT — 26% evidence 11.3/25 ROA 1.1% · ROE 2.4% · GNPA — 68% evidence 7.0/20 P/BV 1.68× · P/BV÷ROE 0.7 70% evidence 8.1/20 RS sector -12% · RS bench -15.5% · 1Y -24%2 of 12 weeks ahead 100% evidence
Exact sum: 17.8 + 11.3 + 7 + 8.1 = 44.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5Willis Towers Watson Public Limited CompanyWTW 44.2/100Mixed-negative evidence60% evidence TURNING 15.3/35 Income — · PAT — 26% evidence 10.4/25 ROA 1% · ROE 2.9% · GNPA — 68% evidence 4.9/20 P/BV 3.16× · P/BV÷ROE 1.09 70% evidence 13.6/20 RS sector 2.1% · RS bench -0.8% · 1Y 3.6%2 of 12 weeks ahead 100% evidence
Exact sum: 15.3 + 10.4 + 4.9 + 13.6 = 44.2 · Decision use: Price leads the evidence: RS versus the benchmark is -0.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
6CorVel CorporationCRVL 43.4/100Mixed-negative evidence76% evidence ASLEEP 16.2/35 Income 7.1% · PAT 9.1% 71% evidence 18.6/25 ROA 5.2% · ROE 8.7% · GNPA — 68% evidence 5.8/20 P/BV 7.06× · P/BV÷ROE 0.81 70% evidence 2.8/20 RS sector -16.6% · RS bench -19.9% · 1Y -31.4%4 of 12 weeks ahead 100% evidence
Exact sum: 16.2 + 18.6 + 5.8 + 2.8 = 43.4 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
7Erie Indemnity CompanyERIE 42.7/100Mixed-negative evidence60% evidence TURNING 14.9/35 Income — · PAT — 26% evidence 17.1/25 ROA 4.8% · ROE 7.8% · GNPA — 68% evidence 7.2/20 P/BV 5.08× · P/BV÷ROE 0.65 70% evidence 3.5/20 RS sector -17.2% · RS bench -20.2% · 1Y -31.6%2 of 12 weeks ahead 100% evidence
Exact sum: 14.9 + 17.1 + 7.2 + 3.5 = 42.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8Crawford & CompanyCRD-A 39.7/100Mixed-negative evidence70% evidence TURNING 9.5/35 Income -3.2% · PAT -41.9% 71% evidence 9.8/25 ROA 1% · ROE 2.9% · GNPA — 68% evidence 5.4/20 P/BV 2.75× · P/BV÷ROE 0.95 70% evidence 15.0/20 RS sector 5.8% · RS bench 3.7% · 1Y 37.9%3 of 12 weeks ahead 70% evidence
Exact sum: 9.5 + 9.8 + 5.4 + 15 = 39.7 · Decision use: Price leads the evidence: RS versus the benchmark is 3.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
9Arthur J. Gallagher & Co.AJG 37.8/100Mixed-negative evidence60% evidence BREAKING OUT 18.2/35 Income — · PAT — 26% evidence 8.1/25 ROA 0.6% · ROE 1.4% · GNPA — 68% evidence 3.8/20 P/BV 2.49× · P/BV÷ROE 1.78 70% evidence 7.7/20 RS sector -6.9% · RS bench -10.2% · 1Y -14.3%5 of 12 weeks ahead 100% evidence
Exact sum: 18.2 + 8.1 + 3.8 + 7.7 = 37.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Aon plcAON 37.7/100Mixed-negative evidence60% evidence BREAKING OUT 16.6/35 Income — · PAT — 26% evidence 12.9/25 ROA 1.3% · ROE 6.3% · GNPA — 68% evidence 3.5/20 P/BV 7.39× · P/BV÷ROE 1.17 70% evidence 4.7/20 RS sector -4.4% · RS bench -6.7% · 1Y -2.7%4 of 12 weeks ahead 100% evidence
Exact sum: 16.6 + 12.9 + 3.5 + 4.7 = 37.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Accelerant HoldingsARX 32.3/100Thin evidence · provisional58% evidence ASLEEP 12.7/35 Income 54.2% · PAT -4779.3% 71% evidence 6.2/25 ROA -0.1% · ROE -0.7% · GNPA — 68% evidence 9.6/20 P/BV 4.27× · P/BV÷ROE — 10% evidence 3.8/20 RS sector -22.5% · RS bench -25.5% · 1Y -55.8%4 of 12 weeks ahead 70% evidence
Exact sum: 12.7 + 6.2 + 9.6 + 3.8 = 32.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
12Goosehead Insurance, Inc.GSHD 62.2/100Thin evidence · provisional48% evidence BREAKING OUT 21.0/35 Income — · PAT — 26% evidence 13.3/25 ROA 5.1% · ROE -10.7% · GNPA — 68% evidence 9.8/20 P/BV -10.27× · P/BV÷ROE — 10% evidence 18.1/20 RS sector 6.9% · RS bench 1.4% · 1Y -20.3%6 of 12 weeks ahead 100% evidence
Exact sum: 21 + 13.3 + 9.8 + 18.1 = 62.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
13Neptune Insurance Holdings Inc.NP 50.5/100Thin evidence · provisional28% evidence FADING 16.2/35 Income — · PAT — 26% evidence 14.5/25 ROA 35.4% · ROE -14.2% · GNPA — 68% evidence 9.8/20 P/BV -19.45× · P/BV÷ROE — 10% evidence 10.0/20 RS sector — · RS bench — · 1Y —11 of 12 weeks ahead 0% evidence
Exact sum: 16.2 + 14.5 + 9.8 + 10 = 50.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
14The Baldwin Insurance Group, Inc.BWIN 48.1/100Thin evidence · provisional48% evidence BREAKING OUT 13.6/35 Income — · PAT — 26% evidence 5.3/25 ROA -0.2% · ROE -4.5% · GNPA — 68% evidence 9.8/20 P/BV 2.9× · P/BV÷ROE — 10% evidence 19.4/20 RS sector 8.6% · RS bench 4.5% · 1Y -10.6%6 of 12 weeks ahead 100% evidence
Exact sum: 13.6 + 5.3 + 9.8 + 19.4 = 48.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
15Ethos Technologies Inc.LIFE 37.7/100Thin evidence · provisional44% evidence ASLEEP 13.1/35 Income 67% · PAT -305.8% 71% evidence 4.8/25 ROA -30.8% · ROE -42.6% · GNPA — 68% evidence 9.8/20 P/BV 1.59× · P/BV÷ROE — 10% evidence 10.0/20 RS sector — · RS bench — · 1Y —11 of 12 weeks ahead 0% evidence
Exact sum: 13.1 + 4.8 + 9.8 + 10 = 37.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
Showing 10 of 15 companies
04 · what price has already done

Market action

Crawford & Company has the strongest one-year price move in Insurance Brokers at +37.9%. The Baldwin Insurance Group, Inc. leads on Mansfield relative strength against the S&P 500 at +4.5%. 4 of 13 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · compare level, then change

Income Scale & Growth Durability

SelectQuote, Inc. has the highest Income among the 15 Insurance Brokers companies compared here, at $1,642 million. Crawford & Company is next at $1,308 million. Ethos Technologies Inc. has the highest Income growth at 67%, so level and change sit with different companies. 6 of 15 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: SelectQuote, Inc. is the scale leader at $1,642 million, 25.5% ahead of Crawford & Company. Ethos Technologies Inc.'s growth is 67% from a $486 million base, with 9 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderSelectQuote, Inc. · $1,642 million
Gap25.5% versus #2 · Crawford & Company
Persistence8/8 recent comparable periods
Coverage6/15 companies · 249 observations

Investor read: SelectQuote, Inc. is the scale benchmark; Ethos Technologies Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: SelectQuote, Inc.'s growth falls below Ethos Technologies Inc.'s for two consecutive comparable reports while operating margin also compresses.

For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.
Incomelargest
2Crawford & Company CRD-A$1.3B
Income growthfastest growers
3TWFG, Inc. TWFG26%
Income · company comparison
6/15 level · 6/15 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyIncomeIncome growthReported
Marsh & McLennan Companies, Inc. MRSH$7.6B7.6%Jun 2026
Aon plc AON$5.0B6.5%Jun 2026
Arthur J. Gallagher & Co. AJG$4.8B28%Jun 2026
Willis Towers Watson Public Limited Company WTW$2.4B8.5%Jun 2026
Brown & Brown, Inc. BRO$1.9B36%Jun 2026
Erie Indemnity Company ERIE$1.0B2.3%Jun 2026
The Baldwin Insurance Group, Inc. BWIN$532M29%Jun 2026
SelectQuote, Inc. SLQT$431M5.6%Mar 2026
Crawford & Company CRD-A$320M-0.9%Mar 2026
Accelerant Holdings ARX$273M53%Mar 2026
CorVel Corporation CRVL$249M7.3%Mar 2026
Ethos Technologies Inc. LIFE$193M103%Mar 2026
Goosehead Insurance, Inc. GSHD$93M22%Jun 2026
TWFG, Inc. TWFG$73M35%Mar 2026
Neptune Insurance Holdings Inc. NP$38M31%Jun 2026
Full 20-quarter history · every available company

Income · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Accelerant Holdings · ARX

$70M
$101M
$128M
$130M
$154M
$191M
$178M
$219M
$267M
$248M
$273M

Aon plc · AON

$2.7B
$3.1B
$3.7B
$3.0B
$2.7B
$3.1B
$3.9B
$3.2B
$3.0B
$3.4B
$4.1B
$3.8B
$3.7B
$4.1B
$4.7B
$4.2B
$4.0B
$4.3B
$5.0B

Arthur J. Gallagher & Co. · AJG

$2.1B
$2.0B
$2.4B
$2.0B
$2.0B
$2.0B
$2.7B
$2.4B
$2.5B
$2.4B
$3.3B
$2.8B
$2.8B
$2.7B
$3.7B
$3.2B
$3.4B
$3.6B
$4.8B

Brown & Brown, Inc. · BRO

$770M
$738M
$904M
$839M
$925M
$895M
$1.1B
$1.0B
$1.0B
$1.0B
$1.2B
$1.2B
$1.2B
$1.2B
$1.4B
$1.2B
$1.6B
$1.6B
$1.9B

CorVel Corporation · CRVL

$158M
$165M
$171M
$176M
$177M
$179M
$185M
$190M
$196M
$202M
$207M
$212M
$224M
$228M
$232M
$235M
$240M
$236M
$249M

Erie Indemnity Company · ERIE

$688M
$636M
$672M
$726M
$741M
$701M
$752M
$840M
$859M
$818M
$881M
$990M
$1.0B
$924M
$989M
$1.1B
$1.1B
$951M
$1.0B

Ethos Technologies Inc. · LIFE

$59M
$59M
$70M
$67M
$95M
$89M
$94M
$110M
$193M

Goosehead Insurance, Inc. · GSHD

$42M
$40M
$41M
$53M
$58M
$57M
$58M
$69M
$71M
$63M
$64M
$78M
$78M
$94M
$76M
$94M
$90M
$105M
$93M

Marsh & McLennan Companies, Inc. · MRSH

$4.6B
$5.1B
$5.5B
$5.4B
$4.8B
$5.0B
$5.9B
$5.9B
$5.4B
$5.6B
$6.5B
$6.2B
$5.7B
$6.1B
$7.1B
$7.0B
$6.4B
$6.6B
$7.6B

Neptune Insurance Holdings Inc. · NP

$34M
$32M
$29M
$42M
$44M
$44M
$38M

The Baldwin Insurance Group, Inc. · BWIN

$136M
$159M
$243M
$232M
$259M
$246M
$330M
$297M
$306M
$285M
$380M
$340M
$339M
$330M
$413M
$379M
$365M
$347M
$532M

Willis Towers Watson Public Limited Company · WTW

$2.0B
$2.7B
$2.2B
$2.0B
$2.0B
$2.7B
$2.2B
$2.2B
$2.2B
$2.9B
$2.3B
$2.3B
$2.3B
$3.0B
$2.2B
$2.3B
$2.3B
$2.9B
$2.4B

Income growth · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Accelerant Holdings · ARX

44%
89%
39%
68%
73%
30%
53%

Aon plc · AON

3.4%
-0.2%
1.6%
5.5%
6.5%
9.5%
7.8%
5.1%
18%
26%
23%
16%
11%
7.4%
3.7%
6.5%

Arthur J. Gallagher & Co. · AJG

5.6%
-4.4%
2.8%
11%
20%
22%
20%
20%
14%
13%
12%
14%
16%
20%
34%
28%

Brown & Brown, Inc. · BRO

16%
20%
21%
23%
23%
13%
12%
12%
11%
10%
15%
12%
8.2%
34%
36%
36%

CorVel Corporation · CRVL

15%
12%
8.5%
8.2%
8.0%
11%
13%
12%
12%
14%
13%
12%
11%
7.1%
3.5%
7.3%

Erie Indemnity Company · ERIE

6.8%
7.7%
10%
12%
16%
16%
17%
17%
18%
16%
13%
12%
7.1%
6.7%
2.9%
2.3%

Ethos Technologies Inc. · LIFE

61%
51%
34%
64%
103%

Goosehead Insurance, Inc. · GSHD

39%
38%
43%
41%
30%
22%
11%
10%
13%
9.9%
49%
19%
21%
15%
12%
22%

Marsh & McLennan Companies, Inc. · MRSH

7.2%
4.1%
-2.2%
6.8%
9.2%
13%
11%
9.3%
5.9%
5.9%
9.2%
9.1%
12%
11%
8.7%
7.6%

Neptune Insurance Holdings Inc. · NP

29%
38%
31%

The Baldwin Insurance Group, Inc. · BWIN

93%
90%
55%
36%
28%
18%
16%
15%
14%
11%
16%
8.7%
11%
7.7%
5.2%
29%

Willis Towers Watson Public Limited Company · WTW

-2.9%
-1.0%
0.6%
3.9%
6.3%
11%
7.1%
4.3%
4.9%
5.7%
4.2%
-5.0%
-0.2%
-0.0%
-3.3%
8.5%
06 · compare level, then change

Profit Scale & Acceleration

CorVel Corporation has the highest Net profit among the 15 Insurance Brokers companies compared here, at $530 million. SelectQuote, Inc. is next at $92 million. SelectQuote, Inc. has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies. Its Net profit series carries 19 reported observations across the 20-quarter window.

What the numbers say: CorVel Corporation leads with $530 million of TTM profit, 476.1% above SelectQuote, Inc.. SelectQuote, Inc. shows ≥100% on the scoring scale (2966.7% uncapped) growth from a $92 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderCorVel Corporation · $530 million
Gap476.1% versus #2 · SelectQuote, Inc.
Persistence5/8 recent comparable periods
Coverage6/15 companies · 249 observations

Investor read: CorVel 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.

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 profitlargest
3TWFG, Inc. TWFG$48M
Profit growthfastest growers
2TWFG, Inc. TWFG66%
Net profit · company comparison
6/15 level · 6/15 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Aon plc AON$1.2B26%Jun 2026
Marsh & McLennan Companies, Inc. MRSH$1.2B-16%Jun 2026
Arthur J. Gallagher & Co. AJG$823M16%Jun 2026
Brown & Brown, Inc. BRO$427M28%Jun 2026
Willis Towers Watson Public Limited Company WTW$303M27%Jun 2026
Erie Indemnity Company ERIE$150M8.7%Jun 2026
SelectQuote, Inc. SLQT$40M54%Mar 2026
CorVel Corporation CRVL$31M19%Mar 2026
TWFG, Inc. TWFG$13M86%Mar 2026
Goosehead Insurance, Inc. GSHD$8M167%Jun 2026
Neptune Insurance Holdings Inc. NP$7M-30%Jun 2026
Crawford & Company CRD-A$5M-29%Mar 2026
The Baldwin Insurance Group, Inc. BWIN$-2M-108%Jun 2026
Accelerant Holdings ARX$-4M-150%Mar 2026
Ethos Technologies Inc. LIFE$-166M-1,483%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Accelerant Holdings · ARX

$-26M
$-21M
$2M
$-9M
$9M
$21M
$8M
$13M
$-1.4B
$1M
$-4M

Aon plc · AON

$-891M
$873M
$1.0B
$514M
$418M
$666M
$1.1B
$575M
$467M
$507M
$1.1B
$538M
$355M
$734M
$982M
$594M
$470M
$1.7B
$1.2B

Arthur J. Gallagher & Co. · AJG

$239M
$121M
$439M
$285M
$256M
$136M
$487M
$236M
$283M
$-40M
$613M
$285M
$314M
$259M
$709M
$366M
$274M
$154M
$823M

Brown & Brown, Inc. · BRO

$146M
$102M
$220M
$145M
$161M
$145M
$236M
$190M
$176M
$269M
$293M
$259M
$239M
$211M
$334M
$234M
$229M
$268M
$427M

CorVel Corporation · CRVL

$158M
$165M
$171M
$176M
$177M
$179M
$185M
$190M
$196M
$202M
$207M
$212M
$224M
$24M
$26M
$235M
$240M
$24M
$31M

Erie Indemnity Company · ERIE

$90M
$55M
$69M
$80M
$84M
$65M
$86M
$118M
$131M
$111M
$125M
$164M
$160M
$152M
$138M
$175M
$183M
$63M
$150M

Ethos Technologies Inc. · LIFE

$9M
$9M
$21M
$10M
$12M
$18M
$16M
$25M
$-166M

Goosehead Insurance, Inc. · GSHD

$5M
$1M
$-5M
$2M
$3M
$3M
$0M
$7M
$11M
$5M
$2M
$11M
$13M
$24M
$3M
$8M
$13M
$21M
$8M

Marsh & McLennan Companies, Inc. · MRSH

$542M
$807M
$1.1B
$978M
$552M
$471M
$1.3B
$1.0B
$738M
$765M
$1.4B
$1.1B
$752M
$801M
$1.4B
$1.2B
$757M
$834M
$1.2B

Neptune Insurance Holdings Inc. · NP

$12M
$12M
$10M
$12M
$12M
$4M
$7M

The Baldwin Insurance Group, Inc. · BWIN

$-25M
$-44M
$45M
$17M
$-47M
$-91M
$-26M
$-44M
$-32M
$-62M
$39M
$-31M
$-14M
$-35M
$25M
$-5M
$-30M
$-44M
$-2M

Willis Towers Watson Public Limited Company · WTW

$907M
$2.4B
$125M
$114M
$192M
$593M
$206M
$96M
$139M
$623M
$194M
$142M
$-1.7B
$1.2B
$239M
$332M
$306M
$736M
$303M

Profit growth · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Accelerant Holdings · ARX

300%
-15,289%
-95%
-150%

Aon plc · AON

31%
-24%
3.0%
12%
12%
-24%
1.3%
-6.4%
-24%
45%
-10%
10%
32%
132%
26%

Arthur J. Gallagher & Co. · AJG

41%
7.1%
12%
11%
-17%
11%
-129%
26%
21%
11%
16%
28%
-13%
-41%
16%

Brown & Brown, Inc. · BRO

4.3%
10%
42%
7.3%
31%
9.3%
86%
24%
36%
36%
-22%
14%
-9.7%
-4.2%
27%
28%

CorVel Corporation · CRVL

15%
12%
8.5%
8.2%
8.0%
11%
13%
12%
12%
14%
-88%
-87%
11%
7.1%
0.0%
19%

Erie Indemnity Company · ERIE

1.3%
-6.7%
18%
25%
48%
56%
71%
45%
39%
22%
37%
10%
6.7%
14%
-59%
8.7%

Ethos Technologies Inc. · LIFE

33%
100%
-24%
150%
-1,483%

Goosehead Insurance, Inc. · GSHD

-33%
-40%
200%
250%
267%
67%
57%
18%
380%
50%
-27%
0.0%
-13%
167%

Marsh & McLennan Companies, Inc. · MRSH

18%
1.9%
-42%
15%
7.1%
34%
62%
14%
8.9%
1.9%
4.7%
-0.8%
8.0%
0.7%
4.1%
-16%

Neptune Insurance Holdings Inc. · NP

0.0%
-67%
-30%

The Baldwin Insurance Group, Inc. · BWIN

-158%
-359%
-36%
-108%

Willis Towers Watson Public Limited Company · WTW

-39%
-79%
-75%
65%
-16%
-28%
5.1%
-5.8%
48%
-1,303%
100%
23%
134%
-41%
27%
07 · compare level, then change

Funding Base & Its Composition

No company in this Insurance Brokers comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, Marsh & McLennan Companies, Inc. is highest at $22,382 million, across 14 of 15 companies with a usable reading.

What the numbers say: There is not enough comparable evidence to name a reliable deposits leader.

LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/15 companies · 0 observations

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.

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.
Depositslargest deposit bases
Not enough comparable data
Funding base · company comparison
0/15 level · 14/15 change
All-company data · latest reported quarter
CompanyDepositsBorrowingsReported
Marsh & McLennan Companies, Inc. MRSH$22.4BJun 2026
Aon plc AON$15.7BJun 2026
Arthur J. Gallagher & Co. AJG$14.1BJun 2026
Willis Towers Watson Public Limited Company WTW$7.1BJun 2026
Brown & Brown, Inc. BRO$8.0BJun 2026
Erie Indemnity Company ERIE$0MJun 2026
The Baldwin Insurance Group, Inc. BWIN$75MJun 2026
CorVel Corporation CRVL$21MMar 2026
Accelerant Holdings ARX$121MMar 2026
Goosehead Insurance, Inc. GSHD$373MJun 2026
Ethos Technologies Inc. LIFE$2MMar 2026
TWFG, Inc. TWFG$8MMar 2026
Crawford & Company CRD-A$271MMar 2026
SelectQuote, Inc. SLQT$403MMar 2026
Full 20-quarter history · every available company

No consistent historical series is available for deposits.

Borrowings · reported quarter history

Showing the 12 largest of 14 companies with a series here. The remaining 2 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Accelerant Holdings · ARX

$50M
$50M
$101M
$101M
$119M
$120M
$121M
$121M
$127M
$127M
$122M
$121M
$121M

Aon plc · AON

$9.2B
$10.2B
$11.0B
$11.1B
$11.5B
$11.5B
$12.0B
$12.0B
$11.9B
$11.8B
$17.1B
$18.3B
$17.8B
$17.7B
$18.3B
$18.0B
$17.4B
$15.9B
$15.3B
$15.7B

Arthur J. Gallagher & Co. · AJG

$5.8B
$6.6B
$6.5B
$6.8B
$6.6B
$6.4B
$7.2B
$7.5B
$7.0B
$8.3B
$8.6B
$8.6B
$8.6B
$6.8B
$13.4B
$13.3B
$13.7B
$13.5B
$13.4B
$14.1B

Brown & Brown, Inc. · BRO

$2.2B
$2.2B
$3.7B
$4.4B
$4.3B
$4.1B
$4.1B
$4.0B
$3.9B
$4.0B
$4.1B
$4.3B
$3.8B
$4.0B
$4.0B
$7.7B
$8.0B
$7.9B
$8.1B
$8.0B

CorVel Corporation · CRVL

$38M
$38M
$30M
$27M
$25M
$26M
$24M
$23M
$25M
$23M
$23M
$22M
$23M
$21M
$20M
$20M
$19M
$19M
$21M

Erie Indemnity Company · ERIE

$94M
$94M
$93M
$40M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M

Ethos Technologies Inc. · LIFE

$1M
$1M
$3M
$3M
$2M
$2M
$3M
$2M
$2M

Goosehead Insurance, Inc. · GSHD

$175M
$175M
$180M
$184M
$191M
$165M
$163M
$151M
$147M
$143M
$140M
$159M
$154M
$153M
$352M
$351M
$351M
$352M
$376M
$373M

Marsh & McLennan Companies, Inc. · MRSH

$13.0B
$13.2B
$13.9B
$13.9B
$13.3B
$13.5B
$15.0B
$14.6B
$15.6B
$15.4B
$15.4B
$15.4B
$14.8B
$21.9B
$22.4B
$21.6B
$21.4B
$21.4B
$22.5B
$22.4B

The Baldwin Insurance Group, Inc. · BWIN

$0M
$71M
$73M
$77M
$89M
$88M
$87M
$85M
$82M
$79M
$78M
$74M
$69M
$69M
$68M
$64M
$61M
$58M
$75M
$75M

TWFG, Inc. · TWFG

$13M
$13M
$0M
$52M
$52M
$51M
$9M
$10M
$10M
$9M
$9M
$8M
$8M

Willis Towers Watson Public Limited Company · WTW

$5.6B
$5.5B
$5.4B
$5.5B
$5.5B
$5.5B
$5.5B
$6.2B
$5.9B
$5.9B
$6.7B
$6.0B
$6.0B
$5.9B
$5.9B
$5.9B
$5.9B
$6.9B
$6.9B
$7.1B
08 · compare level, then change

Return On Assets

Neptune Insurance Holdings Inc. has the highest ROA among the 15 Insurance Brokers companies compared here, at 35.4%. CorVel Corporation is next at 5.2%. Goosehead Insurance, Inc. has the highest ROA change at +1.8 percentage points, so level and change sit with different companies. 15 of 15 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Neptune Insurance Holdings Inc. leads roa at 35.4%; Goosehead Insurance, Inc. leads roa change at +1.8 percentage points.

LeaderNeptune Insurance Holdings Inc. · 35.4%
Gap580.8% versus #2 · CorVel Corporation
Persistence0/2 recent comparable periods
Coverage15/15 companies · 258 observations

Investor read: Neptune 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.

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.
ROA changefastest improvers
2SelectQuote, Inc. SLQT+1.2 pp
3TWFG, Inc. TWFG+1.0 pp
5Aon plc AON−0.1 pp
Return on assets · company comparison
15/15 level · 15/15 change
All-company data · latest reported quarter
CompanyROAROA changeReported
Neptune Insurance Holdings Inc. NP35%−46.1 ppJun 2026
CorVel Corporation CRVL5.2%−0.1 ppMar 2026
Goosehead Insurance, Inc. GSHD5.1%+1.8 ppJun 2026
Erie Indemnity Company ERIE4.8%−0.6 ppJun 2026
TWFG, Inc. TWFG3.2%+1.0 ppMar 2026
SelectQuote, Inc. SLQT2.5%+1.2 ppMar 2026
Marsh & McLennan Companies, Inc. MRSH2.4%−0.2 ppJun 2026
Aon plc AON1.3%−0.1 ppJun 2026
Brown & Brown, Inc. BRO1.1%−0.1 ppJun 2026
Willis Towers Watson Public Limited Company WTW1.0%−0.4 ppJun 2026
Crawford & Company CRD-A1.0%−0.4 ppMar 2026
Arthur J. Gallagher & Co. AJG0.6%0.0 ppJun 2026
Accelerant Holdings ARX-0.1%−0.3 ppMar 2026
The Baldwin Insurance Group, Inc. BWIN-0.2%−1.1 ppJun 2026
Ethos Technologies Inc. LIFE-31%−35.8 ppMar 2026
Full 20-quarter history · every available company

ROA · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Accelerant Holdings · ARX

0.0%
0.0%
0.0%
-1.5%
0.0%
-0.5%
0.7%
0.5%
0.2%
0.4%
-20%
0.0%
-0.1%

Aon plc · AON

-2.6%
2.6%
3.3%
1.6%
1.5%
2.9%
3.5%
2.1%
1.8%
1.9%
3.0%
1.2%
1.2%
2.2%
2.5%
1.4%
1.3%
1.9%
2.7%
1.3%

Arthur J. Gallagher & Co. · AJG

1.3%
0.8%
1.4%
0.8%
0.8%
0.8%
1.2%
0.6%
0.7%
0.3%
1.2%
0.6%
0.7%
1.3%
1.3%
0.6%
0.6%
0.8%
1.3%
0.6%

Brown & Brown, Inc. · BRO

1.9%
1.3%
2.3%
1.6%
1.5%
1.4%
2.1%
1.7%
1.6%
1.3%
2.2%
1.7%
1.6%
1.5%
2.2%
1.2%
1.2%
1.2%
1.9%
1.1%

CorVel Corporation · CRVL

36%
37%
41%
42%
43%
43%
46%
46%
47%
48%
49%
47%
47%
4.8%
5.3%
43%
42%
4.1%
5.2%

Erie Indemnity Company · ERIE

3.4%
2.2%
3.1%
3.8%
3.8%
2.9%
3.9%
4.7%
5.1%
4.3%
4.6%
6.0%
5.4%
4.9%
4.3%
5.4%
5.3%
3.9%
4.2%
4.8%

Ethos Technologies Inc. · LIFE

0.0%
0.0%
5.7%
2.6%
5.0%
7.6%
3.5%
5.3%
-31%

Goosehead Insurance, Inc. · GSHD

3.7%
0.7%
-2.0%
1.1%
1.7%
1.1%
0.3%
2.8%
3.8%
2.1%
-0.1%
3.7%
4.0%
7.1%
4.7%
3.3%
4.7%
6.4%
3.1%
5.1%

Marsh & McLennan Companies, Inc. · MRSH

1.7%
2.5%
3.3%
3.1%
1.8%
1.3%
3.8%
2.8%
2.0%
1.7%
3.6%
2.5%
1.6%
1.7%
3.0%
2.6%
1.6%
1.7%
2.3%
2.4%

Neptune Insurance Holdings Inc. · NP

61%
57%
22%
11%
23%
35%

The Baldwin Insurance Group, Inc. · BWIN

-1.2%
-1.7%
1.8%
1.0%
-1.1%
-2.1%
0.1%
-0.5%
0.0%
-0.9%
1.0%
0.5%
0.4%
-0.2%
1.6%
0.9%
0.1%
-0.4%
0.0%
-0.2%

Willis Towers Watson Public Limited Company · WTW

2.3%
1.5%
0.4%
0.3%
0.4%
1.7%
0.7%
0.4%
0.5%
2.2%
0.7%
0.6%
-2.3%
2.3%
1.2%
1.4%
1.2%
2.8%
1.3%
1.0%

ROA change · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Accelerant Holdings · ARX

0.0 pp
−1.5 pp
0.0 pp
+1.0 pp
+0.7 pp
+1.0 pp
−21.1 pp
−0.5 pp
−0.3 pp

Aon plc · AON

+4.1 pp
+0.3 pp
+0.2 pp
+0.5 pp
+0.3 pp
−1.0 pp
−0.5 pp
−0.9 pp
−0.6 pp
+0.3 pp
−0.5 pp
+0.2 pp
+0.1 pp
−0.3 pp
+0.2 pp
−0.1 pp

Arthur J. Gallagher & Co. · AJG

−0.5 pp
0.0 pp
−0.2 pp
−0.2 pp
−0.1 pp
−0.5 pp
0.0 pp
0.0 pp
0.0 pp
+1.0 pp
+0.1 pp
0.0 pp
−0.1 pp
−0.5 pp
0.0 pp
0.0 pp

Brown & Brown, Inc. · BRO

−0.4 pp
+0.1 pp
−0.2 pp
+0.1 pp
+0.1 pp
−0.1 pp
+0.1 pp
0.0 pp
0.0 pp
+0.2 pp
0.0 pp
−0.5 pp
−0.4 pp
−0.3 pp
−0.3 pp
−0.1 pp

CorVel Corporation · CRVL

+6.6 pp
+5.9 pp
+5.0 pp
+3.6 pp
+3.9 pp
+4.3 pp
+3.0 pp
+1.2 pp
+0.2 pp
−42.7 pp
−43.5 pp
−3.6 pp
−4.7 pp
−0.7 pp
−0.1 pp

Erie Indemnity Company · ERIE

+0.4 pp
+0.7 pp
+0.8 pp
+0.9 pp
+1.3 pp
+1.4 pp
+0.7 pp
+1.3 pp
+0.3 pp
+0.6 pp
−0.3 pp
−0.6 pp
−0.1 pp
−1.0 pp
−0.1 pp
−0.6 pp

Ethos Technologies Inc. · LIFE

+5.7 pp
+2.6 pp
−2.2 pp
+2.7 pp
−35.8 pp

Goosehead Insurance, Inc. · GSHD

−2.0 pp
+0.4 pp
+2.3 pp
+1.7 pp
+2.1 pp
+1.0 pp
−0.4 pp
+0.9 pp
+0.2 pp
+5.0 pp
+4.8 pp
−0.4 pp
+0.7 pp
−0.7 pp
−1.6 pp
+1.8 pp

Marsh & McLennan Companies, Inc. · MRSH

+0.1 pp
−1.2 pp
+0.5 pp
−0.3 pp
+0.2 pp
+0.4 pp
−0.2 pp
−0.3 pp
−0.4 pp
0.0 pp
−0.6 pp
+0.1 pp
0.0 pp
0.0 pp
−0.7 pp
−0.2 pp

Neptune Insurance Holdings Inc. · NP

−38.7 pp
−46.1 pp

The Baldwin Insurance Group, Inc. · BWIN

+0.1 pp
−0.4 pp
−1.7 pp
−1.5 pp
+1.1 pp
+1.2 pp
+0.9 pp
+1.0 pp
+0.4 pp
+0.7 pp
+0.6 pp
+0.4 pp
−0.3 pp
−0.2 pp
−1.6 pp
−1.1 pp

Willis Towers Watson Public Limited Company · WTW

−1.9 pp
+0.2 pp
+0.3 pp
+0.1 pp
+0.1 pp
+0.5 pp
0.0 pp
+0.2 pp
−2.8 pp
+0.1 pp
+0.5 pp
+0.8 pp
+3.5 pp
+0.5 pp
+0.1 pp
−0.4 pp
09 · compare level, then change

ROE — Leaders & Improvers

CorVel Corporation has the highest ROE among the 15 Insurance Brokers companies compared here, at 8.7%. Marsh & McLennan Companies, Inc. is next at 8.2%. Neptune Insurance Holdings Inc. has the highest ROE change at +16 percentage points, so level and change sit with different companies. 15 of 15 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: CorVel Corporation leads roe at 8.7%; Neptune Insurance Holdings Inc. leads roe change at +16 percentage points.

LeaderCorVel Corporation · 8.7%
Gap6.1% versus #2 · Marsh & McLennan Companies, Inc.
Persistence0/8 recent comparable periods
Coverage15/15 companies · 258 observations

Investor read: CorVel 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 roe change signal.

ROE shows the return to shareholders, but should be read with asset quality and leverage.
ROE changefastest improvers
2SelectQuote, Inc. SLQT+0.8 pp
3TWFG, Inc. TWFG+0.6 pp
Return on equity · company comparison
15/15 level · 15/15 change
All-company data · latest reported quarter
CompanyROEROE changeReported
CorVel Corporation CRVL8.7%−0.6 ppMar 2026
Marsh & McLennan Companies, Inc. MRSH8.2%−0.1 ppJun 2026
Erie Indemnity Company ERIE7.8%−0.9 ppJun 2026
SelectQuote, Inc. SLQT6.6%+0.8 ppMar 2026
Aon plc AON6.3%−2.0 ppJun 2026
TWFG, Inc. TWFG4.6%+0.6 ppMar 2026
Willis Towers Watson Public Limited Company WTW2.9%−0.9 ppJun 2026
Crawford & Company CRD-A2.9%−1.6 ppMar 2026
Brown & Brown, Inc. BRO2.4%−0.3 ppJun 2026
Arthur J. Gallagher & Co. AJG1.4%−0.7 ppJun 2026
Accelerant Holdings ARX-0.7%−3.9 ppMar 2026
The Baldwin Insurance Group, Inc. BWIN-4.5%−4.0 ppJun 2026
Goosehead Insurance, Inc. GSHD-11%+0.3 ppJun 2026
Neptune Insurance Holdings Inc. NP-14%+16.0 ppJun 2026
Ethos Technologies Inc. LIFE-43%−49.8 ppMar 2026
Full 20-quarter history · every available company

ROE · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Accelerant Holdings · ARX

0.0%
0.0%
0.0%
-8.7%
0.0%
-6.6%
3.2%
5.8%
3.2%
5.4%
-274%
0.2%
-0.7%

Aon plc · AON

-30%
37%
37%
19%
51%
183%
160%
121%
-81%
-87%
7,287%
17%
12%
26%
27%
8.3%
6.4%
21%
14%
6.3%

Arthur J. Gallagher & Co. · AJG

3.3%
1.6%
5.6%
3.3%
3.0%
1.5%
5.1%
2.4%
3.0%
-0.4%
5.8%
2.6%
2.8%
3.9%
4.2%
2.1%
1.5%
1.2%
3.6%
1.4%

Brown & Brown, Inc. · BRO

3.7%
2.6%
5.4%
3.5%
3.8%
3.3%
5.1%
4.1%
3.7%
5.3%
5.5%
4.7%
4.1%
3.5%
5.3%
2.7%
2.4%
2.8%
4.4%
2.4%

CorVel Corporation · CRVL

74%
78%
79%
81%
84%
88%
90%
92%
93%
95%
92%
90%
89%
8.9%
9.3%
77%
74%
7.1%
8.7%

Erie Indemnity Company · ERIE

7.1%
4.4%
5.4%
6.2%
6.4%
4.7%
6.1%
8.2%
8.7%
7.1%
7.8%
9.7%
8.9%
8.3%
7.3%
8.7%
8.6%
3.0%
6.8%
7.8%

Ethos Technologies Inc. · LIFE

0.0%
0.0%
7.6%
3.5%
7.2%
11%
4.9%
7.3%
-43%

Goosehead Insurance, Inc. · GSHD

-8.6%
-1.6%
10%
-5.5%
-5.0%
-5.0%
0.4%
-20%
-57%
-64%
160%
-66%
315%
85%
-4.5%
-11%
-15%
-34%
-4.6%
-11%

Marsh & McLennan Companies, Inc. · MRSH

5.8%
7.9%
11%
9.2%
5.6%
4.3%
8.7%
9.1%
6.9%
6.6%
7.6%
8.9%
5.9%
6.2%
8.3%
8.3%
5.2%
5.8%
8.2%
8.2%

Neptune Insurance Holdings Inc. · NP

-19%
-19%
-6.0%
-2.5%
-6.9%
-14%

The Baldwin Insurance Group, Inc. · BWIN

-3.2%
-4.5%
4.4%
1.6%
-4.0%
-7.9%
-2.2%
-3.7%
-2.8%
-5.8%
3.6%
-2.9%
-1.4%
-3.4%
2.3%
-0.5%
-2.8%
-4.2%
-0.1%
-4.5%

Willis Towers Watson Public Limited Company · WTW

8.2%
20%
1.1%
1.0%
1.8%
5.1%
1.9%
0.9%
1.4%
6.3%
2.0%
1.5%
-20%
14%
2.7%
3.8%
4.0%
9.2%
3.7%
2.9%

ROE change · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Accelerant Holdings · ARX

0.0 pp
−8.7 pp
0.0 pp
+2.1 pp
+3.2 pp
+12.4 pp
−277.4 pp
−5.6 pp
−3.9 pp

Aon plc · AON

+81.4 pp
+145.9 pp
+122.9 pp
+101.9 pp
−132.1 pp
−269.3 pp
+7,126.7 pp
−104.1 pp
+92.5 pp
+112.4 pp
−7,259.6 pp
−8.7 pp
−5.3 pp
−4.5 pp
−12.7 pp
−2.0 pp

Arthur J. Gallagher & Co. · AJG

−0.3 pp
−0.1 pp
−0.5 pp
−0.9 pp
0.0 pp
−1.9 pp
+0.7 pp
+0.2 pp
−0.2 pp
+4.3 pp
−1.6 pp
−0.5 pp
−1.3 pp
−2.7 pp
−0.6 pp
−0.7 pp

Brown & Brown, Inc. · BRO

+0.1 pp
+0.7 pp
−0.3 pp
+0.6 pp
−0.1 pp
+2.0 pp
+0.4 pp
+0.6 pp
+0.4 pp
−1.8 pp
−0.2 pp
−2.0 pp
−1.7 pp
−0.7 pp
−0.9 pp
−0.3 pp

CorVel Corporation · CRVL

+10.2 pp
+10.1 pp
+10.3 pp
+11.2 pp
+8.8 pp
+6.9 pp
+2.6 pp
−2.3 pp
−4.2 pp
−85.6 pp
−82.8 pp
−12.5 pp
−14.6 pp
−1.8 pp
−0.6 pp

Erie Indemnity Company · ERIE

−0.7 pp
+0.3 pp
+0.7 pp
+2.0 pp
+2.3 pp
+2.4 pp
+1.7 pp
+1.5 pp
+0.2 pp
+1.2 pp
−0.5 pp
−1.0 pp
−0.3 pp
−5.3 pp
−0.5 pp
−0.9 pp

Ethos Technologies Inc. · LIFE

+7.6 pp
+3.5 pp
−2.7 pp
+3.8 pp
−49.8 pp

Goosehead Insurance, Inc. · GSHD

+3.6 pp
−3.4 pp
−9.9 pp
−14.4 pp
−51.5 pp
−59.4 pp
+160.0 pp
−45.6 pp
+371.4 pp
+149.7 pp
−164.9 pp
+54.5 pp
−330.0 pp
−119.0 pp
−0.1 pp
+0.3 pp

Marsh & McLennan Companies, Inc. · MRSH

−0.2 pp
−3.6 pp
−1.8 pp
−0.1 pp
+1.3 pp
+2.3 pp
−1.1 pp
−0.2 pp
−1.0 pp
−0.4 pp
+0.7 pp
−0.6 pp
−0.7 pp
−0.4 pp
−0.1 pp
−0.1 pp

Neptune Insurance Holdings Inc. · NP

+13.3 pp
+16.0 pp

The Baldwin Insurance Group, Inc. · BWIN

−0.8 pp
−3.4 pp
−6.6 pp
−5.3 pp
+1.2 pp
+2.1 pp
+5.8 pp
+0.8 pp
+1.4 pp
+2.4 pp
−1.3 pp
+2.4 pp
−1.4 pp
−0.8 pp
−2.4 pp
−4.0 pp

Willis Towers Watson Public Limited Company · WTW

−6.4 pp
−14.8 pp
+0.8 pp
−0.1 pp
−0.4 pp
+1.2 pp
+0.1 pp
+0.6 pp
−21.0 pp
+7.9 pp
+0.7 pp
+2.3 pp
+23.6 pp
−5.0 pp
+1.0 pp
−0.9 pp
10 · not available

Gross NPA — Leaders & Improvers

No company in this Insurance Brokers comparison reports gross NPA on a comparable basis, so there is nothing to rank here — 0 of 15 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Jun 2026.

Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.
11 · compare level, then change

Valuation Against Growth & Quality

SelectQuote, Inc. has the lowest P/BV ÷ ROE among the 15 Insurance Brokers companies compared here, at 0.03×. Marsh & McLennan Companies, Inc. is next at 0.64×. Neptune Insurance Holdings Inc. has the lowest P/BV at -19.4×, so level and change sit with different companies. 10 of 15 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: SelectQuote, Inc. has the lowest comparable P/BV ÷ ROE at 0.03×, 95.3% below Marsh & McLennan Companies, Inc.. Only 10 of 15 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderSelectQuote, Inc. · 0.03×
Gap95.3% versus #2 · Marsh & McLennan Companies, Inc.
Persistence0/8 recent comparable periods
Coverage10/15 companies · 167 observations

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.

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.
Valuation · company comparison
10/15 level · 15/15 change
All-company data · latest reported quarter
CompanyP/BV ÷ ROEP/BVReported
Accelerant Holdings ARX26.04.3Mar 2026
The Baldwin Insurance Group, Inc. BWIN2.22.9Jun 2026
Arthur J. Gallagher & Co. AJG1.82.5Jun 2026
Aon plc AON1.27.4Jun 2026
Willis Towers Watson Public Limited Company WTW1.13.2Jun 2026
Crawford & Company CRD-A1.02.8Mar 2026
TWFG, Inc. TWFG0.83.8Mar 2026
CorVel Corporation CRVL0.87.1Mar 2026
Goosehead Insurance, Inc. GSHD0.7-10.3Jun 2026
Brown & Brown, Inc. BRO0.71.7Jun 2026
Erie Indemnity Company ERIE0.75.1Jun 2026
Marsh & McLennan Companies, Inc. MRSH0.65.3Jun 2026
SelectQuote, Inc. SLQT0.00.2Mar 2026
Neptune Insurance Holdings Inc. NP-19.5Jun 2026
Ethos Technologies Inc. LIFE1.6Mar 2026
Full 20-quarter history · every available company

P/BV ÷ ROE · reported quarter history

Showing the 12 largest of 13 companies with a series here. The remaining 1 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Accelerant Holdings · ARX

26.0

Aon plc · AON

1.7
1.6
4.3
8.9
0.6
1.0
0.5
0.5
1.2
1.5
0.4
0.5
1.2

Arthur J. Gallagher & Co. · AJG

1.1
2.6
0.7
1.2
1.4
2.9
0.8
1.9
1.6
0.8
1.9
1.8
8.4
0.9
1.7
2.3
2.4
0.7
1.8

Brown & Brown, Inc. · BRO

1.0
1.8
0.9
1.1
1.0
1.1
0.7
0.9
1.0
0.7
0.8
0.9
1.1
1.3
1.0
1.2
1.1
0.8
0.4
0.7

CorVel Corporation · CRVL

0.2
0.2
0.2
0.2
0.1
0.2
0.2
0.2
0.2
0.2
0.2
0.2
0.2
2.1
1.9
0.2
0.2
1.3
0.8

Crawford & Company · CRD-A

0.4
2.3
0.7
0.7
0.5
0.7
0.4
1.7
0.5
0.6
0.9
0.8
0.6
0.4
1.0

Erie Indemnity Company · ERIE

1.0
1.7
1.3
1.2
1.3
1.9
1.3
0.9
1.1
1.5
1.6
1.1
1.6
1.3
1.5
1.0
0.8
2.2
0.8
0.7

Goosehead Insurance, Inc. · GSHD

177.5
0.2
0.1
0.7

Marsh & McLennan Companies, Inc. · MRSH

1.4
1.0
0.7
0.8
1.4
1.8
0.9
0.9
1.2
1.2
1.1
0.9
1.4
1.3
1.0
0.8
1.3
1.0
0.7
0.6

The Baldwin Insurance Group, Inc. · BWIN

2.2

TWFG, Inc. · TWFG

1.1
1.2
1.5
1.3
1.5
0.9
0.8

Willis Towers Watson Public Limited Company · WTW

0.3
0.1
2.2
2.1
1.2
0.5
1.3
2.8
1.6
0.4
1.5
1.9
0.3
1.5
1.0
1.1
0.4
0.9
1.1

P/BV · reported quarter history

Showing the 12 largest of 15 companies with a series here. The remaining 3 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

Accelerant Holdings · ARX

4.9
5.2
4.3

Aon plc · AON

28.6
60.9
58.9
83.4
-71.0
-116.5
-921.1
1,079.2
-111.1
-70.6
-498.3
10.9
12.0
12.4
12.3
9.8
9.7
8.2
7.0
7.4

Arthur J. Gallagher & Co. · AJG

3.7
4.2
4.1
3.9
4.2
4.4
4.2
4.6
4.7
4.5
4.8
4.9
5.1
32.6
4.0
3.6
3.4
2.9
2.3
2.5

Brown & Brown, Inc. · BRO

3.8
4.7
4.7
3.8
4.0
3.5
3.4
3.9
3.8
3.6
4.3
4.2
4.6
4.5
5.2
3.2
2.6
2.1
1.7
1.7

CorVel Corporation · CRVL

14.8
17.1
13.9
12.5
12.1
12.8
16.2
16.0
15.1
18.1
18.2
16.5
19.8
19.0
17.9
15.4
11.0
9.2
7.1

Erie Indemnity Company · ERIE

7.3
7.5
6.9
7.5
8.6
9.0
8.2
7.1
9.2
10.5
12.2
10.4
14.5
10.9
10.6
8.3
7.2
6.6
5.6
5.1

Ethos Technologies Inc. · LIFE

1.6

Goosehead Insurance, Inc. · GSHD

-159.8
-187.4
-152.8
-235.8
119.4
74.1
71.0
50.7
39.1
67.7
25.0
35.0
37.3
60.3
-33.4
-34.0
-17.7
-19.0
-8.3
-10.3

Marsh & McLennan Companies, Inc. · MRSH

7.9
7.9
7.8
7.3
7.8
7.8
7.5
7.8
8.2
7.7
8.2
7.8
8.0
7.8
8.6
6.8
6.5
6.0
5.7
5.3

Neptune Insurance Holdings Inc. · NP

-17.7
-15.7
-19.5

The Baldwin Insurance Group, Inc. · BWIN

4.0
5.7
4.5
5.0
4.8
3.3
2.9
2.2
2.9

Willis Towers Watson Public Limited Company · WTW

2.5
2.2
2.4
2.1
2.2
2.6
2.5
2.5
2.3
2.6
3.0
2.9
4.0
3.9
4.1
3.7
4.3
3.9
3.4
3.2
12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Insurance Brokers comparison names 6 specific ways its own evidence can mislead, all listed below. All 15 companies here report on comparable dates, so no rank carries a stale marker. 2 of the 7 ranked sections have fewer than three usable current readings. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • 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.
13 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 15 Insurance Brokers companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-04. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-08-04 · weekly price and relative-strength history
Derived metricsGrowth, changes and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
14 · questions investors ask, short speakable answers

Insurance Brokers company comparison FAQs

These 21 answers restate the Insurance Brokers comparison above in question form. Every one is computed from the same 15 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-04. Nothing here is estimated, and none of it is a recommendation.

Is the Insurance Brokers sector outperforming S&P 500?

Insurance Brokers has underperformed S&P 500 by 27.6% over 52 weeks and 14.2% over 13 weeks. 4 of 13 covered companies beat the S&P 500 on Mansfield relative strength, while 5 of 13 beat the sector itself.

Which Insurance Brokers company is largest by income?

SelectQuote, Inc. leads with income of $1,642 million, based on 6 of 15 comparable companies through Mar 2026.

Which Insurance Brokers company is growing fastest?

Ethos Technologies Inc. has the fastest current income growth at 67%, across 6 of 15 comparable companies.

Which Insurance Brokers company has the strongest 4-Factor Sector Score?

TWFG, Inc. ranks first at 61.8/100 with 70% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Insurance Brokers company has the lowest comparable P/BV-to-ROE?

SelectQuote, Inc. has the lowest comparable P/BV ÷ ROE at 0.03, among 10 of 15 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Insurance Brokers comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns 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.

Which Insurance Brokers company is the biggest?

SelectQuote, Inc. is the largest, with trailing-twelve-month income of $1,642 million, ahead of Crawford & Company at $1,308 million. That covers 6 of 15 companies with comparable reporting through Mar 2026.

Which Insurance Brokers company makes the most profit?

CorVel Corporation earns the most, at $530 million of trailing-twelve-month net profit, from 6 of 15 comparable companies. SelectQuote, Inc. has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Insurance Brokers company earns the highest return on capital?

Neptune Insurance Holdings Inc. leads on return on assets at 35.4%, across 15 of 15 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 Brokers stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — SelectQuote, Inc. screens cheapest at 0.03×. Only 10 of 15 companies have earnings and growth steady enough for the ratio to mean anything, 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 Brokers sector beating the market?

Insurance Brokers has underperformed S&P 500 by 27.6% over the last 52 weeks and 14.2% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 4 of 13 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Insurance Brokers stock has the strongest price momentum?

The Baldwin Insurance 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 Brokers company scores highest for research priority?

TWFG, Inc. scores 61.8 out of 100 with 70% evidence confidence, from 25.6 points on growth and earnings, 15.4 on capital efficiency, 5.8 on valuation and 15 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 Brokers companies does this comparison cover, and over what period?

It compares 15 listed companies over up to 20 reported quarters of fundamentals, 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 Brokers sector?

The 15 Insurance Brokers companies on this page carry $319,198 million of combined market value. Marsh & McLennan Companies, Inc. is the largest at $91,362 million, about 29% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

What is the Insurance Brokers sector's P/B ratio?

The median price-to-book ratio across the 15 Insurance Brokers companies on this page is 3.2×, measured on the 13 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 2026-08-04.

How is the Insurance Brokers sector performing?

4 of the 13 covered Insurance Brokers companies are beating S&P 500 on Mansfield relative strength. The sector itself is 27.6% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

How many Insurance Brokers stocks are listed in the US?

This comparison covers 15 listed Insurance Brokers 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.

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