Sector Alpha Week of 2026-09-16
Not SEBI Registered !! Not Investment advice !!
20-quarter listed-company comparison

Insurance - Property & Casualty Stocks

Insurance - Property & Casualty: The Progressive Corporation owns the largest revenue base; White Mountains Insurance Group, Ltd. has the fastest current growth.

01 · the industry itself · before any single company

How has Insurance - Property & Casualty 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 15% ahead of S&P 500. Earnings across its companies grew 34% on average over the last four reported quarters. It has been ahead of S&P 500 on a rolling three-month view for 13 weeks running.

BREAKING OUT · ahead 13wPrice and the fundamentals both up27 of 44 companies ahead of S&P 500 by 5% or more over three months4 are 20% or more behind over a year while earnings grew 20% or more

RS ↑13w · 34/44 >200d (−2) · 27/44 lead (+1) · EPS 39/44↑

20020262025202420232022 406347 TRAILING 12-MONTH EPS · 100 AT THE START0100143Mar 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 · 25 reportingJun 2022 · trailing 12-month earnings per share at 73, against 100 at the start · no comparable year yet · 25 reportingSep 2022 · trailing 12-month earnings per share at 60, against 100 at the start · no comparable year yet · 25 reportingDec 2022 · trailing 12-month earnings per share at 48, against 100 at the start · no comparable year yet · 25 reportingMar 2023 · trailing 12-month earnings per share at 44, against 100 at the start · down 70.6% on a year ago · 25 reportingJun 2023 · trailing 12-month earnings per share at 60, against 100 at the start · down 17.7% on a year ago · 25 reportingSep 2023 · trailing 12-month earnings per share at 84, against 100 at the start · up 6.9% on a year ago · 25 reportingDec 2023 · trailing 12-month earnings per share at 99, against 100 at the start · up 8.9% on a year ago · 27 reportingMar 2024 · trailing 12-month earnings per share at 105, against 100 at the start · up 82.5% on a year ago · 27 reportingJun 2024 · trailing 12-month earnings per share at 101, against 100 at the start · up 48.8% on a year ago · 27 reportingSep 2024 · trailing 12-month earnings per share at 118, against 100 at the start · up 50.2% on a year ago · 27 reportingDec 2024 · trailing 12-month earnings per share at 115, against 100 at the start · up 29.0% on a year ago · 29 reportingMar 2025 · trailing 12-month earnings per share at 101, against 100 at the start · up 14.7% on a year ago · 29 reportingJun 2025 · trailing 12-month earnings per share at 121, against 100 at the start · up 40.0% on a year ago · 29 reportingSep 2025 · trailing 12-month earnings per share at 128, against 100 at the start · up 19.6% on a year ago · 29 reportingDec 2025 · trailing 12-month earnings per share at 133, against 100 at the start · up 35.7% on a year ago · 29 reportingMar 2026 · trailing 12-month earnings per share at 143, against 100 at the start · up 40.9% on a year ago · 29 reportingNot reported yet — earnings trail price by a quarter or twoNOT REPORTED YET143 · Mar 26No earnings on file this far back — the price series reaches further than the filings do
20020262025202420232022 406347 TRAILING 12-MONTH EPS · 100 AT THE START0100143Mar 22Mar 23Mar 24Mar 25Mar 26Mar 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 25 reportingJun 2022 · trailing 12-month earnings per share at 73, against 100 at the start · no comparable year yet · 25 reportingSep 2022 · trailing 12-month earnings per share at 60, against 100 at the start · no comparable year yet · 25 reportingDec 2022 · trailing 12-month earnings per share at 48, against 100 at the start · no comparable year yet · 25 reportingMar 2023 · trailing 12-month earnings per share at 44, against 100 at the start · down 70.6% on a year ago · 25 reportingJun 2023 · trailing 12-month earnings per share at 60, against 100 at the start · down 17.7% on a year ago · 25 reportingSep 2023 · trailing 12-month earnings per share at 84, against 100 at the start · up 6.9% on a year ago · 25 reportingDec 2023 · trailing 12-month earnings per share at 99, against 100 at the start · up 8.9% on a year ago · 27 reportingMar 2024 · trailing 12-month earnings per share at 105, against 100 at the start · up 82.5% on a year ago · 27 reportingJun 2024 · trailing 12-month earnings per share at 101, against 100 at the start · up 48.8% on a year ago · 27 reportingSep 2024 · trailing 12-month earnings per share at 118, against 100 at the start · up 50.2% on a year ago · 27 reportingDec 2024 · trailing 12-month earnings per share at 115, against 100 at the start · up 29.0% on a year ago · 29 reportingMar 2025 · trailing 12-month earnings per share at 101, against 100 at the start · up 14.7% on a year ago · 29 reportingJun 2025 · trailing 12-month earnings per share at 121, against 100 at the start · up 40.0% on a year ago · 29 reportingSep 2025 · trailing 12-month earnings per share at 128, against 100 at the start · up 19.6% on a year ago · 29 reportingDec 2025 · trailing 12-month earnings per share at 133, against 100 at the start · up 35.7% on a year ago · 29 reportingMar 2026 · trailing 12-month earnings per share at 143, against 100 at the start · up 40.9% on a year ago · 29 reportingNot reported yet — earnings trail price by a quarter or two143No earnings on file this far back — the price series reaches further than the filings do
Insurance - Property & Casualty, 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 44 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 - Property & Casualty outperforming S&P 500?

Insurance - Property & Casualty has underperformed S&P 500 by 0.2% over the last 52 weeks. Over 13 weeks the gap is a lead of 10.5%. 13 of 30 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Porch Group, Inc. is the strongest against the sector itself at +28.3%.

+10.5%Sector vs S&P 500 · 13 weeks
-0.2%Sector vs S&P 500 · 52 weeks
13/30Stocks leading S&P 500
11/30Stocks 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 - Property & Casualty has underperformed S&P 500 by 0.2% over 52 weeks and 10.5% over 13 weeks. 13 of 30 covered companies beat the S&P 500 on Mansfield relative strength, while 11 of 30 beat the sector itself. The Progressive Corporation leads with income of $91,055 million, based on 21 of 30 comparable companies through Jun 2026.

Companies
30
complete canonical membership
Combined market value
$615.9B
Chubb Limited
Revenue growing
20/21
positive TTM year-on-year growth
Beating S&P 500
13/30
positive Mansfield relative strength
Comparing 5 of 30
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%
Slide Insurance Holdings, Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 60.2% evidence confidence.
W. R. Berkley Corporation looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Hagerty, Inc. 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
1Slide Insurance Holdings, Inc.SLDE 73.5/100Favorable setup60% evidence BREAKING OUT 20.7/35 Income — · PAT — 26% evidence 19.8/25 ROA 4.2% · ROE 13.1% · GNPA — 68% evidence 13.3/20 P/BV 1.87× · P/BV÷ROE 0.14 70% evidence 19.7/20 RS sector 27% · RS bench 30.6% · 1Y 74.4%9 of 12 weeks ahead 100% evidence
Exact sum: 20.7 + 19.8 + 13.3 + 19.7 = 73.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2The Allstate CorporationALL 69.8/100Favorable setup80% evidence LEADER 24.8/35 Income 5.9% · PAT 100% 81% evidence 17.3/25 ROA 2.8% · ROE 11.3% · GNPA — 68% evidence 12.7/20 P/BV 1.79× · P/BV÷ROE 0.16 70% evidence 15.0/20 RS sector 5.7% · RS bench 8.7% · 1Y 23.7%12 of 12 weeks ahead 100% evidence
Exact sum: 24.8 + 17.3 + 12.7 + 15 = 69.8 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
3The Travelers Companies, Inc.TRV 61.2/100Mixed-positive evidence80% evidence BREAKING OUT 21.1/35 Income 2.4% · PAT 58.3% 81% evidence 14.8/25 ROA 1.6% · ROE 7% · GNPA — 68% evidence 7.5/20 P/BV 2.08× · P/BV÷ROE 0.3 70% evidence 17.8/20 RS sector 11.8% · RS bench 15% · 1Y 36.8%10 of 12 weeks ahead 100% evidence
Exact sum: 21.1 + 14.8 + 7.5 + 17.8 = 61.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4HCI Group, Inc.HCI 59.2/100Mixed-positive evidence62% evidence BREAKING OUT 22.9/35 Income 22.1% · PAT 100% 55% evidence 13.6/25 ROA — · ROE 9.9% · GNPA — 34% evidence 11.5/20 P/BV 1.83× · P/BV÷ROE 0.18 70% evidence 11.2/20 RS sector -2.2% · RS bench 0.5% · 1Y 2.7%12 of 12 weeks ahead 100% evidence
Exact sum: 22.9 + 13.6 + 11.5 + 11.2 = 59.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5United Fire Group, Inc.UFCS 57.4/100Mixed-positive evidence70% evidence LEADER 23.8/35 Income 10.6% · PAT 97% 71% evidence 9.3/25 ROA 0.9% · ROE 3.4% · GNPA — 68% evidence 7.9/20 P/BV 1× · P/BV÷ROE 0.29 70% evidence 16.4/20 RS sector 20.2% · RS bench 23.8% · 1Y 75.2%12 of 12 weeks ahead 70% evidence
Exact sum: 23.8 + 9.3 + 7.9 + 16.4 = 57.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Cincinnati Financial CorporationCINF 57.0/100Mixed-positive evidence80% evidence ASLEEP 29.1/35 Income 19.6% · PAT 82.8% 81% evidence 14.9/25 ROA 2.1% · ROE 6.9% · GNPA — 68% evidence 8.6/20 P/BV 1.72× · P/BV÷ROE 0.25 70% evidence 4.4/20 RS sector -6.5% · RS bench -3.8% · 1Y 9.4%4 of 12 weeks ahead 100% evidence
Exact sum: 29.1 + 14.9 + 8.6 + 4.4 = 57 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -6.5% and the one-year return is 9.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
7Mercury General CorporationMCY 55.1/100Mixed-positive evidence67% evidence ASLEEP 22.4/35 Income 9.7% · PAT 100% 45% evidence 15.1/25 ROA 2.1% · ROE 8.6% · GNPA — 68% evidence 9.8/20 P/BV 1.89× · P/BV÷ROE 0.22 70% evidence 7.8/20 RS sector -1.9% · RS bench 1% · 1Y 28.2%6 of 12 weeks ahead 100% evidence
Exact sum: 22.4 + 15.1 + 9.8 + 7.8 = 55.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
8The Hanover Insurance Group, Inc.THG 54.3/100Mixed-positive evidence60% evidence LEADER 18.1/35 Income — · PAT — 26% evidence 13.5/25 ROA 1.6% · ROE 5.6% · GNPA — 68% evidence 5.9/20 P/BV 2.03× · P/BV÷ROE 0.36 70% evidence 16.8/20 RS sector 10.8% · RS bench 13.9% · 1Y 32.5%12 of 12 weeks ahead 100% evidence
Exact sum: 18.1 + 13.5 + 5.9 + 16.8 = 54.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
9Skyward Specialty Insurance Group, Inc.SKWD 53.6/100Mixed-positive evidence76% evidence LEADER 20.4/35 Income 28.9% · PAT 43.5% 71% evidence 11.6/25 ROA 1.1% · ROE 4.8% · GNPA — 68% evidence 6.6/20 P/BV 1.59× · P/BV÷ROE 0.33 70% evidence 15.0/20 RS sector 5.1% · RS bench 7.9% · 1Y 20.9%12 of 12 weeks ahead 100% evidence
Exact sum: 20.4 + 11.6 + 6.6 + 15 = 53.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
10Palomar Holdings, Inc.PLMR 53.0/100Mixed-positive evidence62% evidence BREAKING OUT 22.0/35 Income 60.4% · PAT 47% 55% evidence 11.8/25 ROA — · ROE 4.9% · GNPA — 34% evidence 3.3/20 P/BV 3.3× · P/BV÷ROE 0.67 70% evidence 15.9/20 RS sector 2.9% · RS bench 5.7% · 1Y 21.5%9 of 12 weeks ahead 100% evidence
Exact sum: 22 + 11.8 + 3.3 + 15.9 = 53 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
11Assurant, Inc.AIZ 52.7/100Mixed-positive evidence76% evidence LEADER 22.6/35 Income 9% · PAT 49% 71% evidence 10.8/25 ROA 0.8% · ROE 4.9% · GNPA — 68% evidence 5.7/20 P/BV 1.84× · P/BV÷ROE 0.38 70% evidence 13.6/20 RS sector 6.5% · RS bench 9.6% · 1Y 35.3%12 of 12 weeks ahead 100% evidence
Exact sum: 22.6 + 10.8 + 5.7 + 13.6 = 52.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
12RLI Corp.RLI 52.6/100Mixed-positive evidence60% evidence BREAKING OUT 21.0/35 Income — · PAT — 26% evidence 17.1/25 ROA 2.7% · ROE 9.6% · GNPA — 68% evidence 6.5/20 P/BV 3.09× · P/BV÷ROE 0.32 70% evidence 8.0/20 RS sector -7.9% · RS bench -5.5% · 1Y -6.3%9 of 12 weeks ahead 100% evidence
Exact sum: 21 + 17.1 + 6.5 + 8 = 52.6 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
13W. R. Berkley CorporationWRB 51.6/100Mixed-positive evidence80% evidence TURNING 12.8/35 Income 4.3% · PAT 9.5% 81% evidence 20.8/25 ROA 3.6% · ROE 21.2% · GNPA — 68% evidence 13.5/20 P/BV 2.79× · P/BV÷ROE 0.13 70% evidence 4.5/20 RS sector -9.4% · RS bench -6.9% · 1Y -4.7%3 of 12 weeks ahead 100% evidence
Exact sum: 12.8 + 20.8 + 13.5 + 4.5 = 51.6 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
14Kinsale Capital Group, Inc.KNSL 48.6/100Mixed-negative evidence60% evidence BREAKING OUT 19.0/35 Income — · PAT — 26% evidence 18.0/25 ROA 3% · ROE 9.4% · GNPA — 68% evidence 4.9/20 P/BV 3.69× · P/BV÷ROE 0.39 70% evidence 6.7/20 RS sector -11.3% · RS bench -9% · 1Y -15.9%8 of 12 weeks ahead 100% evidence
Exact sum: 19 + 18 + 4.9 + 6.7 = 48.6 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
15Markel Group Inc.MKL 45.7/100Mixed-negative evidence60% evidence BASING 20.8/35 Income — · PAT — 26% evidence 14.6/25 ROA 1.8% · ROE 6.3% · GNPA — 68% evidence 8.6/20 P/BV 1.28× · P/BV÷ROE 0.2 70% evidence 1.7/20 RS sector -16.8% · RS bench -14.5% · 1Y -7.6%0 of 12 weeks ahead 100% evidence
Exact sum: 20.8 + 14.6 + 8.6 + 1.7 = 45.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
16Hagerty, Inc.HGTY 44.9/100Mixed-negative evidence64% evidence BREAKING OUT 13.5/35 Income 15.4% · PAT 12.4% 71% evidence 4.9/25 ROA -0.6% · ROE -2.2% · GNPA — 68% evidence 9.1/20 P/BV 4.87× · P/BV÷ROE — 10% evidence 17.4/20 RS sector 6% · RS bench 8.8% · 1Y 9.3%10 of 12 weeks ahead 100% evidence
Exact sum: 13.5 + 4.9 + 9.1 + 17.4 = 44.9 · Decision use: Price leads the evidence: RS versus the benchmark is 8.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
17The Progressive CorporationPGR 43.5/100Mixed-negative evidence80% evidence FADING 13.1/35 Income 10.5% · PAT 12.1% 81% evidence 17.9/25 ROA 2.8% · ROE 9.9% · GNPA — 68% evidence 5.2/20 P/BV 3.7× · P/BV÷ROE 0.37 70% evidence 7.3/20 RS sector -7.6% · RS bench -5% · 1Y -10.5%5 of 12 weeks ahead 100% evidence
Exact sum: 13.1 + 17.9 + 5.2 + 7.3 = 43.5 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
18Old Republic International CorporationORI 43.1/100Mixed-negative evidence60% evidence BREAKING OUT 20.5/35 Income — · PAT — 26% evidence 11.8/25 ROA 1.1% · ROE 5.3% · GNPA — 68% evidence 7.3/20 P/BV 1.64× · P/BV÷ROE 0.31 70% evidence 3.5/20 RS sector -10.5% · RS bench -8% · 1Y 2.7%2 of 12 weeks ahead 100% evidence
Exact sum: 20.5 + 11.8 + 7.3 + 3.5 = 43.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
19Safety Insurance Group, Inc.SAFT 41.8/100Thin evidence · provisional58% evidence BREAKING OUT 10.1/35 Income 10.8% · PAT -13.7% 71% evidence 5.8/25 ROA -0.6% · ROE -1.7% · GNPA — 68% evidence 9.8/20 P/BV 1.25× · P/BV÷ROE — 10% evidence 16.1/20 RS sector 19.2% · RS bench 22.4% · 1Y 44.6%9 of 12 weeks ahead 70% evidence
Exact sum: 10.1 + 5.8 + 9.8 + 16.1 = 41.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
20White Mountains Insurance Group, Ltd.WTM 39.9/100Mixed-negative evidence64% evidence TURNING 21.5/35 Income 69.3% · PAT 100% 71% evidence 5.8/25 ROA 0% · ROE -0.5% · GNPA — 68% evidence 9.8/20 P/BV 1.01× · P/BV÷ROE — 10% evidence 2.8/20 RS sector -10.2% · RS bench -7.5% · 1Y 16.5%0 of 12 weeks ahead 100% evidence
Exact sum: 21.5 + 5.8 + 9.8 + 2.8 = 39.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
21Selective Insurance Group, Inc.SIGI 39.5/100Mixed-negative evidence80% evidence ASLEEP 19.1/35 Income 7% · PAT 29.4% 81% evidence 10.5/25 ROA 0.9% · ROE 3.7% · GNPA — 68% evidence 5.1/20 P/BV 1.58× · P/BV÷ROE 0.43 70% evidence 4.8/20 RS sector -5.4% · RS bench -2.7% · 1Y 14.3%7 of 12 weeks ahead 100% evidence
Exact sum: 19.1 + 10.5 + 5.1 + 4.8 = 39.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
22Chubb LimitedCB 38.8/100Mixed-negative evidence80% evidence BREAKING OUT 14.6/35 Income 8% · PAT 21.5% 81% evidence 11.7/25 ROA 1.1% · ROE 3.7% · GNPA — 68% evidence 4.6/20 P/BV 1.74× · P/BV÷ROE 0.47 70% evidence 7.9/20 RS sector -2.8% · RS bench 0% · 1Y 24.7%2 of 12 weeks ahead 100% evidence
Exact sum: 14.6 + 11.7 + 4.6 + 7.9 = 38.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
23Horace Mann Educators CorporationHMN 37.1/100Mixed-negative evidence76% evidence FADING 17.5/35 Income 5.5% · PAT 43.9% 71% evidence 7.5/25 ROA 0.3% · ROE 2.9% · GNPA — 68% evidence 5.3/20 P/BV 1.17× · P/BV÷ROE 0.4 70% evidence 6.8/20 RS sector -3.2% · RS bench -0.4% · 1Y 7.7%9 of 12 weeks ahead 100% evidence
Exact sum: 17.5 + 7.5 + 5.3 + 6.8 = 37.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
24Stewart Information Services CorporationSTC 36.9/100Mixed-negative evidence60% evidence ASLEEP 17.5/35 Income — · PAT — 26% evidence 12.5/25 ROA 1.6% · ROE 2.7% · GNPA — 68% evidence 4.8/20 P/BV 1.21× · P/BV÷ROE 0.45 70% evidence 2.1/20 RS sector -13.1% · RS bench -10.7% · 1Y -12.9%1 of 12 weeks ahead 100% evidence
Exact sum: 17.5 + 12.5 + 4.8 + 2.1 = 36.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
25American Financial Group, Inc.AFG 33.8/100Adverse evidence76% evidence BREAKING OUT 12.0/35 Income -1.2% · PAT 10% 71% evidence 9.8/25 ROA 0.6% · ROE 4.2% · GNPA — 68% evidence 4.1/20 P/BV 2.27× · P/BV÷ROE 0.54 70% evidence 7.9/20 RS sector -4.2% · RS bench -1.5% · 1Y 1.2%4 of 12 weeks ahead 100% evidence
Exact sum: 12 + 9.8 + 4.1 + 7.9 = 33.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
26CNA Financial CorporationCNA 32.7/100Adverse evidence76% evidence BREAKING OUT 14.4/35 Income 4% · PAT 35.8% 71% evidence 7.7/25 ROA 0.3% · ROE 2% · GNPA — 68% evidence 4.2/20 P/BV 1.14× · P/BV÷ROE 0.57 70% evidence 6.4/20 RS sector -7.5% · RS bench -4.9% · 1Y 5.6%8 of 12 weeks ahead 100% evidence
Exact sum: 14.4 + 7.7 + 4.2 + 6.4 = 32.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
27Loews CorporationL 29.8/100Adverse evidence76% evidence TURNING 14.8/35 Income 4.2% · PAT 23.8% 71% evidence 7.8/25 ROA 0.5% · ROE 1.9% · GNPA — 68% evidence 4.0/20 P/BV 1.17× · P/BV÷ROE 0.62 70% evidence 3.2/20 RS sector -8% · RS bench -5.3% · 1Y 12.5%1 of 12 weeks ahead 100% evidence
Exact sum: 14.8 + 7.8 + 4 + 3.2 = 29.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
28Kemper CorporationKMPR 25.0/100Thin evidence · provisional58% evidence TURNING 6.2/35 Income 0.3% · PAT -90.6% 71% evidence 5.7/25 ROA 0% · ROE -0.2% · GNPA — 68% evidence 9.8/20 P/BV 0.68× · P/BV÷ROE — 10% evidence 3.3/20 RS sector -27.3% · RS bench -25.4% · 1Y -47.1%4 of 12 weeks ahead 70% evidence
Exact sum: 6.2 + 5.7 + 9.8 + 3.3 = 25 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
29Porch Group, Inc.PRCH 47.5/100Thin evidence · provisional48% evidence BREAKING OUT 13.2/35 Income — · PAT — 26% evidence 4.6/25 ROA -0.5% · ROE -164.7% · GNPA — 68% evidence 9.8/20 P/BV -143.74× · P/BV÷ROE — 10% evidence 19.9/20 RS sector 28.3% · RS bench 31.6% · 1Y -15.7%12 of 12 weeks ahead 100% evidence
Exact sum: 13.2 + 4.6 + 9.8 + 19.9 = 47.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
30Lemonade, Inc.LMND 30.5/100Thin evidence · provisional48% evidence ASLEEP 17.4/35 Income — · PAT — 26% evidence 4.1/25 ROA -2.2% · ROE -8.5% · GNPA — 68% evidence 9.0/20 P/BV 10× · P/BV÷ROE — 10% evidence 0.0/20 RS sector -29.6% · RS bench -27.7% · 1Y -20.3%1 of 12 weeks ahead 100% evidence
Exact sum: 17.4 + 4.1 + 9 + 0 = 30.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
Showing 10 of 30 companies
04 · what price has already done

Market action

United Fire Group, Inc. has the strongest one-year price move in Insurance - Property & Casualty at +75.2%. Porch Group, Inc. leads on Mansfield relative strength against the S&P 500 at +31.6%. 13 of 30 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-09-16.

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

The Progressive Corporation has the highest Income among the 30 Insurance - Property & Casualty companies compared here, at $91,055 million. The Allstate Corporation is next at $70,137 million. White Mountains Insurance Group, Ltd. has the highest Income growth at 69.3%, so level and change sit with different companies. Its Income series carries 20 reported observations across the 20-quarter window.

What the numbers say: The Progressive Corporation is the scale leader at $91,055 million, 29.8% ahead of The Allstate 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.

LeaderThe Progressive Corporation · $91,055 million
Gap29.8% versus #2 · The Allstate Corporation
Persistence8/8 recent comparable periods
Coverage21/30 companies · 571 observations

Investor read: The Progressive 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 Progressive Corporation's growth falls below White Mountains Insurance Group, Ltd.'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.
Income · company comparison
21/30 level · 21/30 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
The Progressive Corporation PGR$23.6B7.3%Jun 2026
The Allstate Corporation ALL$18.6B12%Jun 2026
Chubb Limited CB$15.8B6.6%Jun 2026
The Travelers Companies, Inc. TRV$12.2B0.3%Jun 2026
Loews Corporation L$4.6B1.4%Mar 2026
Cincinnati Financial Corporation CINF$4.3B32%Jun 2026
W. R. Berkley Corporation WRB$3.7B1.2%Jun 2026
CNA Financial Corporation CNA$3.7B1.4%Mar 2026
Markel Group Inc. MKL$3.6B0.1%Jun 2026
Assurant, Inc. AIZ$3.4B11%Mar 2026
Old Republic International Corporation ORI$2.4B13%Jun 2026
American Financial Group, Inc. AFG$1.9B-0.1%Mar 2026
The Hanover Insurance Group, Inc. THG$1.7B6.1%Jun 2026
Mercury General Corporation MCY$1.5B10%Mar 2026
Selective Insurance Group, Inc. SIGI$1.4B4.5%Jun 2026
Kemper Corporation KMPR$1.1B-7.2%Mar 2026
Stewart Information Services Corporation STC$781M28%Jun 2026
White Mountains Insurance Group, Ltd. WTM$518M-10%Mar 2026
Skyward Specialty Insurance Group, Inc. SKWD$476M45%Mar 2026
Kinsale Capital Group, Inc. KNSL$467M10%Jun 2026
Horace Mann Educators Corporation HMN$429M3.1%Mar 2026
RLI Corp. RLI$424M3.9%Jun 2026
Slide Insurance Holdings, Inc. SLDE$389M38%Jun 2026
United Fire Group, Inc. UFCS$369M11%Mar 2026
Safety Insurance Group, Inc. SAFT$315M4.7%Mar 2026
Hagerty, Inc. HGTY$312M-4.9%Mar 2026
Palomar Holdings, Inc. PLMR$279M59%Mar 2026
Lemonade, Inc. LMND$258M71%Jun 2026
HCI Group, Inc. HCI$243M13%Mar 2026
Porch Group, Inc. PRCH$121M15%Jun 2026
Full 20-quarter history · every available company

Income · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Financial Group, Inc. · AFG

$1.8B
$1.8B
$1.6B
$1.5B
$2.0B
$1.9B
$1.7B
$1.8B
$2.2B
$2.1B
$1.9B
$1.9B
$2.4B
$2.1B
$1.9B
$1.9B
$2.3B
$2.1B
$1.9B

Assurant, Inc. · AIZ

$2.6B
$2.6B
$2.5B
$2.5B
$2.5B
$2.7B
$2.6B
$2.7B
$2.8B
$3.0B
$2.9B
$2.9B
$3.0B
$3.1B
$3.1B
$3.2B
$3.2B
$3.4B
$3.4B

Chubb Limited · CB

$10.8B
$10.5B
$9.6B
$9.9B
$12.1B
$11.4B
$11.1B
$11.8B
$13.9B
$13.0B
$12.9B
$13.8B
$14.8B
$14.2B
$13.4B
$14.8B
$16.1B
$15.1B
$14.8B
$15.8B

Cincinnati Financial Corporation · CINF

$1.8B
$3.3B
$1.2B
$820M
$1.4B
$3.1B
$2.2B
$2.6B
$1.8B
$3.4B
$2.9B
$2.5B
$3.3B
$2.5B
$2.6B
$3.2B
$3.7B
$3.1B
$2.9B
$4.3B

CNA Financial Corporation · CNA

$3.0B
$3.1B
$2.9B
$2.9B
$3.0B
$3.1B
$3.2B
$3.3B
$3.3B
$3.5B
$3.4B
$3.5B
$3.6B
$3.7B
$3.6B
$3.7B
$3.8B
$3.8B
$3.7B

Loews Corporation · L

$3.4B
$3.7B
$3.4B
$3.4B
$3.5B
$3.8B
$3.8B
$3.9B
$3.9B
$4.3B
$4.2B
$4.3B
$4.5B
$4.5B
$4.5B
$4.6B
$4.7B
$4.7B
$4.6B

Markel Group Inc. · MKL

$2.7B
$3.8B
$2.6B
$1.8B
$3.1B
$4.2B
$3.6B
$4.1B
$3.4B
$4.6B
$4.5B
$3.7B
$3.7B
$3.7B
$3.5B
$4.6B
$3.9B
$4.0B
$3.6B

Old Republic International Corporation · ORI

$2.0B
$2.7B
$2.2B
$1.8B
$1.7B
$2.3B
$1.8B
$1.8B
$1.8B
$1.9B
$2.0B
$1.9B
$2.3B
$2.0B
$2.1B
$2.2B
$2.4B
$2.4B
$2.4B

The Allstate Corporation · ALL

$12.5B
$13.0B
$12.3B
$12.2B
$13.2B
$13.6B
$13.8B
$14.0B
$14.5B
$14.8B
$15.3B
$15.7B
$16.6B
$16.5B
$16.5B
$16.6B
$17.3B
$17.3B
$16.9B
$18.6B

The Progressive Corporation · PGR

$11.9B
$12.5B
$11.8B
$11.5B
$12.8B
$13.5B
$14.3B
$15.4B
$15.6B
$16.9B
$17.2B
$18.1B
$19.7B
$20.3B
$20.4B
$22.0B
$22.5B
$22.7B
$22.2B
$23.6B

The Travelers Companies, Inc. · TRV

$8.8B
$9.0B
$8.8B
$9.1B
$9.3B
$9.6B
$9.7B
$10.1B
$10.6B
$10.9B
$11.2B
$11.3B
$11.9B
$12.0B
$11.8B
$12.1B
$12.5B
$12.4B
$11.9B
$12.2B

W. R. Berkley Corporation · WRB

$2.4B
$2.6B
$2.9B
$2.5B
$2.7B
$3.0B
$2.9B
$3.0B
$3.0B
$3.2B
$3.3B
$3.3B
$3.4B
$3.7B
$3.5B
$3.7B
$3.8B
$3.7B
$3.7B
$3.7B

Income growth · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Financial Group, Inc. · AFG

0.5%
13%
9.7%
9.6%
20%
9.1%
8.0%
9.5%
3.3%
9.5%
3.2%
-2.6%
1.3%
-1.6%
-4.0%
-0.1%

Assurant, Inc. · AIZ

-1.3%
-3.4%
3.0%
6.4%
8.8%
8.9%
12%
9.0%
7.1%
7.0%
4.1%
6.7%
8.0%
8.9%
7.9%
11%

Chubb Limited · CB

2.5%
12%
9.2%
15%
20%
14%
14%
17%
17%
7.2%
9.1%
3.6%
7.2%
8.8%
6.3%
11%
6.6%

Cincinnati Financial Corporation · CINF

-64%
-21%
-6.3%
84%
218%
28%
7.7%
31%
-2.3%
83%
-24%
-13%
28%
12%
22%
12%
32%

CNA Financial Corporation · CNA

-3.4%
-0.1%
1.9%
9.3%
13%
13%
13%
9.3%
6.5%
8.5%
5.2%
5.3%
5.6%
5.5%
3.8%
1.4%

Loews Corporation · L

-15%
2.7%
3.6%
11%
16%
13%
12%
12%
8.5%
14%
6.8%
6.2%
6.8%
4.6%
4.1%
1.4%

Markel Group Inc. · MKL

-49%
14%
12%
40%
131%
10%
10%
23%
-11%
9.5%
-20%
-21%
24%
6.5%
7.6%
0.1%

Old Republic International Corporation · ORI

-20%
-14%
-14%
-20%
-0.7%
2.3%
-17%
15%
4.1%
33%
3.1%
4.9%
18%
3.5%
19%
13%

The Allstate Corporation · ALL

-3.4%
5.8%
4.8%
12%
14%
9.8%
8.7%
11%
12%
15%
11%
7.8%
5.9%
3.8%
5.1%
3.0%
12%

The Progressive Corporation · PGR

-3.3%
7.8%
7.8%
21%
33%
22%
25%
21%
18%
27%
20%
18%
21%
14%
12%
8.7%
7.3%

The Travelers Companies, Inc. · TRV

5.2%
5.7%
6.9%
10%
11%
14%
13%
16%
12%
12%
9.9%
5.2%
7.4%
4.8%
3.5%
1.0%
0.3%

W. R. Berkley Corporation · WRB

9.5%
12%
17%
-0.7%
19%
11%
6.9%
13%
11%
12%
14%
8.9%
11%
11%
1.4%
4.0%
1.2%
06 · compare level, then change

Profit Scale & Acceleration

The Allstate Corporation has the highest Net profit among the 30 Insurance - Property & Casualty companies compared here, at $13,300 million. The Progressive Corporation is next at $11,695 million. The same company also holds the highest Profit growth, at the 100% top of the scoring scale. 21 of 30 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: The Allstate Corporation leads with $13,300 million of TTM profit, 13.7% above The Progressive Corporation. The Allstate Corporation shows ≥100% on the scoring scale (131.3% uncapped) growth from a $13,300 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderThe Allstate Corporation · $13,300 million
Gap13.7% versus #2 · The Progressive Corporation
Persistence6/8 recent comparable periods
Coverage21/30 companies · 571 observations

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.

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 · company comparison
21/30 level · 20/30 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
The Progressive Corporation PGR$3.3B4.3%Jun 2026
The Allstate Corporation ALL$3.3B56%Jun 2026
Chubb Limited CB$2.9B-3.9%Jun 2026
The Travelers Companies, Inc. TRV$2.2B46%Jun 2026
Cincinnati Financial Corporation CINF$1.3B83%Jun 2026
W. R. Berkley Corporation WRB$452M13%Jun 2026
Loews Corporation L$354M-9.7%Mar 2026
Old Republic International Corporation ORI$330M34%Jun 2026
Assurant, Inc. AIZ$274M86%Mar 2026
CNA Financial Corporation CNA$211M-23%Mar 2026
American Financial Group, Inc. AFG$191M24%Mar 2026
Mercury General Corporation MCY$190M101%Mar 2026
The Hanover Insurance Group, Inc. THG$187M46%Jun 2026
Slide Insurance Holdings, Inc. SLDE$140M51%Jun 2026
Selective Insurance Group, Inc. SIGI$129M50%Jun 2026
Kinsale Capital Group, Inc. KNSL$113M27%Jun 2026
HCI Group, Inc. HCI$85M15%Mar 2026
RLI Corp. RLI$55M-13%Jun 2026
Skyward Specialty Insurance Group, Inc. SKWD$50M19%Mar 2026
Palomar Holdings, Inc. PLMR$43M0.0%Mar 2026
Horace Mann Educators Corporation HMN$41M7.9%Mar 2026
United Fire Group, Inc. UFCS$30M67%Mar 2026
Stewart Information Services Corporation STC$19M280%Jun 2026
Porch Group, Inc. PRCH$2M-50%Jun 2026
Kemper Corporation KMPR$-4M-104%Mar 2026
Hagerty, Inc. HGTY$-13M-148%Mar 2026
Safety Insurance Group, Inc. SAFT$-14M-164%Mar 2026
White Mountains Insurance Group, Ltd. WTM$-26M-141%Mar 2026
Lemonade, Inc. LMND$-36MJun 2026
Markel Group Inc. MKL$-204M-258%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Financial Group, Inc. · AFG

$219M
$355M
$290M
$167M
$165M
$276M
$212M
$200M
$177M
$263M
$242M
$209M
$181M
$255M
$154M
$174M
$215M
$299M
$191M

Assurant, Inc. · AIZ

$880M
$121M
$149M
$52M
$7M
$68M
$114M
$156M
$190M
$183M
$236M
$189M
$134M
$201M
$147M
$235M
$266M
$225M
$274M

Chubb Limited · CB

$1.8B
$2.1B
$2.0B
$1.2B
$792M
$1.3B
$1.9B
$1.8B
$2.0B
$3.3B
$2.3B
$2.2B
$2.5B
$2.6B
$1.3B
$3.0B
$3.1B
$3.2B
$2.3B
$2.9B

Cincinnati Financial Corporation · CINF

$153M
$1.5B
$-266M
$-818M
$-416M
$1.0B
$225M
$534M
$-99M
$1.2B
$755M
$312M
$820M
$405M
$-90M
$685M
$1.1B
$676M
$274M
$1.3B

CNA Financial Corporation · CNA

$256M
$248M
$295M
$190M
$-42M
$239M
$297M
$283M
$258M
$367M
$338M
$317M
$283M
$21M
$274M
$299M
$403M
$302M
$211M

Loews Corporation · L

$246M
$353M
$352M
$187M
$-27M
$379M
$404M
$388M
$276M
$477M
$485M
$395M
$425M
$189M
$392M
$416M
$536M
$428M
$354M

Markel Group Inc. · MKL

$190M
$873M
$-49M
$-883M
$117M
$712M
$538M
$716M
$53M
$794M
$1.0B
$290M
$947M
$561M
$129M
$677M
$764M
$582M
$-204M

Old Republic International Corporation · ORI

$89M
$627M
$306M
$-40M
$-92M
$512M
$200M
$156M
$53M
$191M
$317M
$92M
$339M
$105M
$246M
$208M
$280M
$207M
$330M

The Allstate Corporation · ALL

$531M
$806M
$650M
$-1.0B
$-674M
$-296M
$-321M
$-1.4B
$-4M
$1.5B
$1.2B
$347M
$1.2B
$1.9B
$596M
$2.1B
$3.7B
$3.8B
$2.5B
$3.3B

The Progressive Corporation · PGR

$119M
$962M
$314M
$-543M
$124M
$827M
$448M
$345M
$1.1B
$2.0B
$2.3B
$1.5B
$2.3B
$2.4B
$2.6B
$3.2B
$2.6B
$3.0B
$2.8B
$3.3B

The Travelers Companies, Inc. · TRV

$662M
$1.3B
$1.0B
$551M
$454M
$819M
$975M
$-14M
$404M
$1.6B
$1.1B
$534M
$1.3B
$2.1B
$395M
$1.5B
$1.9B
$2.5B
$1.7B
$2.2B

W. R. Berkley Corporation · WRB

$261M
$294M
$591M
$179M
$229M
$382M
$294M
$356M
$334M
$397M
$442M
$372M
$366M
$576M
$418M
$401M
$511M
$450M
$515M
$452M

Profit growth · reported quarter history

Showing the 12 largest of 29 companies with a series here. The remaining 17 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Financial Group, Inc. · AFG

-30%
-25%
-22%
-27%
20%
7.3%
-4.7%
14%
4.5%
2.3%
-3.0%
-36%
-17%
19%
17%
24%

Assurant, Inc. · AIZ

-75%
-99%
-44%
-23%
200%
2,614%
169%
107%
21%
-29%
9.8%
-38%
24%
99%
12%
86%

Chubb Limited · CB

-47%
-57%
-39%
-3.1%
51%
158%
151%
21%
24%
22%
-20%
-41%
35%
25%
20%
75%
-3.9%

Cincinnati Financial Corporation · CINF

-216%
-372%
-31%
17%
236%
-42%
-66%
-112%
120%
37%
67%
83%

CNA Financial Corporation · CNA

-48%
-116%
-3.6%
0.7%
49%
54%
14%
12%
9.7%
-94%
-19%
-5.7%
42%
1,338%
-23%

Loews Corporation · L

-76%
-111%
7.4%
15%
107%
26%
20%
1.8%
54%
-60%
-19%
5.3%
26%
126%
-9.7%

Markel Group Inc. · MKL

-210%
-38%
-18%
-55%
12%
95%
-60%
1,687%
-29%
-88%
133%
-19%
3.7%
-258%

Old Republic International Corporation · ORI

-113%
-203%
-18%
-35%
-63%
59%
-41%
540%
-45%
-22%
126%
-17%
97%
34%

The Allstate Corporation · ALL

-163%
-227%
-137%
-149%
27%
-50%
505%
222%
102%
312%
56%

The Progressive Corporation · PGR

-169%
4.2%
-14%
43%
804%
140%
420%
323%
108%
19%
10%
118%
12%
25%
9.8%
4.3%

The Travelers Companies, Inc. · TRV

-41%
-31%
-39%
-4.2%
-103%
-11%
99%
15%
212%
28%
-65%
183%
50%
20%
333%
46%

W. R. Berkley Corporation · WRB

-25%
-12%
30%
-50%
99%
46%
3.9%
50%
4.5%
9.6%
45%
-5.4%
7.8%
40%
-22%
23%
13%
07 · compare level, then change

Funding Base & Its Composition

No company in this Insurance - Property & Casualty comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, Loews Corporation is highest at $8,934 million, across 11 of 30 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
Coverage0/30 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
Borrowingslargest borrowings
Funding base · company comparison
0/30 level · 11/30 change
All-company data · latest reported quarter
CompanyDepositsBorrowingsReported
W. R. Berkley Corporation WRB$3.1BJun 2026
Cincinnati Financial Corporation CINF$876MJun 2026
Loews Corporation L$8.9BMar 2026
Mercury General Corporation MCY$13MMar 2026
Hagerty, Inc. HGTY$0MMar 2026
Palomar Holdings, Inc. PLMR$297MMar 2026
Slide Insurance Holdings, Inc. SLDE$9MJun 2026
HCI Group, Inc. HCI$32MMar 2026
Stewart Information Services Corporation STC$124MJun 2026
Porch Group, Inc. PRCH$397MJun 2026
Safety Insurance Group, Inc. SAFT$11MMar 2026
Full 20-quarter history · every available company

No consistent historical series is available for deposits.

Borrowings · reported quarter history

Cincinnati Financial Corporation · CINF

$904M
$897M
$890M
$885M
$887M
$891M
$895M
$867M
$869M
$874M
$873M
$874M
$874M
$875M
$878M
$884M
$883M
$886M
$884M
$876M

Hagerty, Inc. · HGTY

$0M
$0M
$0M
$0M
$0M
$81M
$79M
$77M
$52M
$50M
$49M
$47M
$45M
$0M
$42M
$41M
$41M
$0M
$0M

HCI Group, Inc. · HCI

$78M
$46M
$45M
$212M
$212M
$212M
$196M
$208M
$208M
$208M
$185M
$185M
$185M
$185M
$185M
$16M
$32M
$32M
$32M

Loews Corporation · L

$9.1B
$9.1B
$9.3B
$9.3B
$9.3B
$9.0B
$9.1B
$9.1B
$9.2B
$1.1B
$10.1B
$8.6B
$9.5B
$8.9B
$8.9B
$8.9B
$9.4B
$9.5B
$8.9B

Mercury General Corporation · MCY

$37M
$35M
$32M
$166M
$26M
$22M
$19M
$20M
$19M
$14M
$14M
$14M
$14M
$14M
$18M
$16M
$14M
$12M
$13M

Palomar Holdings, Inc. · PLMR

$0M
$0M
$15M
$23M
$26M
$36M
$71M
$71M
$53M
$53M
$43M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$297M

Porch Group, Inc. · PRCH

$418M
$417M
$417M
$420M
$434M
$442M
$438M
$435M
$435M
$436M
$432M
$437M
$399M
$404M
$409M
$394M
$387M
$385M
$391M
$397M

Safety Insurance Group, Inc. · SAFT

$27M
$27M
$27M
$25M
$24M
$23M
$22M
$22M
$21M
$20M
$19M
$18M
$17M
$16M
$15M
$14M
$13M
$12M
$11M

Slide Insurance Holdings, Inc. · SLDE

$8M
$8M
$7M
$7M
$7M
$7M
$7M
$9M
$9M
$8M
$10M
$10M
$9M
$9M

Stewart Information Services Corporation · STC

$129M
$149M
$155M
$150M
$146M
$148M
$148M
$147M
$142M
$136M
$133M
$127M
$123M
$119M
$114M
$130M
$125M
$122M
$124M
$124M

W. R. Berkley Corporation · WRB

$3.5B
$3.5B
$3.1B
$3.0B
$3.0B
$3.0B
$3.0B
$3.0B
$3.0B
$3.1B
$3.1B
$3.1B
$3.1B
$3.1B
$3.1B
$3.1B
$3.1B
$3.1B
$3.1B
$3.1B
08 · compare level, then change

Return On Assets

Slide Insurance Holdings, Inc. has the highest ROA among the 30 Insurance - Property & Casualty companies compared here, at 4.2%. W. R. Berkley Corporation is next at 3.6%. Mercury General Corporation has the highest ROA change at +3.4 percentage points, so level and change sit with different companies. Its ROA series carries 14 reported observations across the 20-quarter window.

What the numbers say: Slide Insurance Holdings, Inc. leads roa at 4.2%; Mercury General Corporation leads roa change at +3.4 percentage points.

LeaderSlide Insurance Holdings, Inc. · 4.2%
Gap16.7% versus #2 · W. R. Berkley Corporation
Persistence5/8 recent comparable periods
Coverage28/30 companies · 540 observations

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.

ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.
Return on assets · company comparison
28/30 level · 28/30 change
All-company data · latest reported quarter
CompanyROAROA changeReported
Slide Insurance Holdings, Inc. SLDE4.2%+1.0 ppJun 2026
W. R. Berkley Corporation WRB3.6%0.0 ppJun 2026
Kinsale Capital Group, Inc. KNSL3.0%+0.3 ppJun 2026
The Progressive Corporation PGR2.8%−0.2 ppJun 2026
The Allstate Corporation ALL2.8%+1.5 ppJun 2026
RLI Corp. RLI2.7%+0.6 ppJun 2026
Cincinnati Financial Corporation CINF2.1%+2.9 ppJun 2026
Mercury General Corporation MCY2.1%+3.4 ppMar 2026
Markel Group Inc. MKL1.8%+0.4 ppJun 2026
The Travelers Companies, Inc. TRV1.6%+0.4 ppJun 2026
The Hanover Insurance Group, Inc. THG1.6%+0.2 ppJun 2026
Stewart Information Services Corporation STC1.6%+0.1 ppJun 2026
Chubb Limited CB1.1%−0.2 ppJun 2026
Old Republic International Corporation ORI1.1%+0.4 ppJun 2026
Skyward Specialty Insurance Group, Inc. SKWD1.1%−0.1 ppMar 2026
Selective Insurance Group, Inc. SIGI0.9%+0.2 ppJun 2026
United Fire Group, Inc. UFCS0.9%+0.3 ppMar 2026
Assurant, Inc. AIZ0.8%+0.3 ppMar 2026
American Financial Group, Inc. AFG0.6%+0.1 ppMar 2026
Loews Corporation L0.5%−0.1 ppMar 2026
CNA Financial Corporation CNA0.3%−0.2 ppMar 2026
Horace Mann Educators Corporation HMN0.3%0.0 ppMar 2026
White Mountains Insurance Group, Ltd. WTM0.0%−1.0 ppMar 2026
Kemper Corporation KMPR0.0%−0.8 ppMar 2026
Porch Group, Inc. PRCH-0.5%−1.2 ppJun 2026
Hagerty, Inc. HGTY-0.6%−2.3 ppMar 2026
Safety Insurance Group, Inc. SAFT-0.6%−1.6 ppMar 2026
Lemonade, Inc. LMND-2.2%+0.2 ppJun 2026
Full 20-quarter history · every available company

ROA · reported quarter history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Financial Group, Inc. · AFG

0.4%
0.7%
0.6%
0.6%
0.6%
1.0%
0.7%
0.7%
0.6%
0.9%
0.8%
0.7%
0.6%
0.8%
0.5%
0.6%
0.6%
0.9%
0.6%

Assurant, Inc. · AIZ

0.5%
0.4%
0.4%
0.2%
0.1%
0.3%
0.4%
0.5%
0.6%
0.6%
0.8%
0.6%
0.5%
0.6%
0.5%
0.7%
0.8%
0.7%
0.8%

Chubb Limited · CB

0.7%
0.8%
1.1%
0.7%
0.5%
0.8%
1.0%
1.0%
1.0%
1.4%
1.1%
1.1%
1.1%
0.8%
0.6%
1.3%
1.3%
0.9%
0.9%
1.1%

Cincinnati Financial Corporation · CINF

1.7%
15%
-2.7%
-8.7%
-4.9%
11%
2.3%
5.5%
-1.1%
12%
7.3%
2.9%
7.3%
3.3%
-0.8%
5.7%
9.0%
5.2%
2.1%

CNA Financial Corporation · CNA

0.4%
0.4%
0.5%
0.3%
0.0%
0.4%
0.5%
0.5%
0.5%
0.6%
0.6%
0.5%
0.5%
0.1%
0.5%
0.5%
0.6%
0.5%
0.3%

Loews Corporation · L

0.4%
0.5%
0.5%
0.3%
0.0%
0.6%
0.6%
0.6%
0.4%
0.7%
0.7%
0.6%
0.6%
0.4%
0.6%
0.6%
0.7%
0.6%
0.5%

Markel Group Inc. · MKL

0.4%
2.0%
-0.1%
-2.0%
0.1%
1.7%
1.2%
1.5%
0.1%
1.7%
1.9%
0.6%
1.9%
0.8%
0.4%
1.4%
1.2%
1.0%
-0.3%
1.8%

Old Republic International Corporation · ORI

0.4%
2.6%
1.3%
-0.2%
-0.4%
2.0%
0.8%
0.6%
0.2%
0.7%
1.2%
0.3%
1.2%
0.4%
0.9%
0.7%
0.9%
0.7%
1.1%
1.1%

The Allstate Corporation · ALL

0.2%
1.1%
0.6%
-0.8%
-0.5%
-0.2%
-0.3%
-1.3%
0.0%
1.6%
1.2%
0.4%
1.2%
1.8%
0.6%
1.3%
2.8%
3.4%
2.1%
2.8%

The Progressive Corporation · PGR

0.2%
1.5%
0.5%
-0.7%
0.2%
1.2%
0.6%
0.5%
1.5%
2.5%
2.7%
1.7%
2.5%
2.5%
2.6%
3.0%
2.4%
2.6%
2.5%
2.8%

The Travelers Companies, Inc. · TRV

0.6%
1.2%
0.9%
0.5%
0.5%
0.8%
0.9%
0.0%
0.4%
1.4%
1.0%
0.5%
1.0%
1.7%
0.4%
1.2%
1.4%
1.9%
1.3%
1.6%

W. R. Berkley Corporation · WRB

2.9%
3.0%
5.9%
1.7%
2.1%
4.1%
3.1%
3.6%
3.0%
3.9%
3.9%
3.3%
3.3%
4.4%
3.6%
3.6%
3.9%
3.5%
3.6%

ROA change · reported quarter history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Financial Group, Inc. · AFG

+0.2 pp
+0.3 pp
+0.1 pp
+0.1 pp
0.0 pp
−0.1 pp
+0.1 pp
0.0 pp
0.0 pp
−0.1 pp
−0.3 pp
−0.1 pp
0.0 pp
+0.1 pp
+0.1 pp

Assurant, Inc. · AIZ

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

Chubb Limited · CB

−0.2 pp
0.0 pp
−0.1 pp
+0.3 pp
+0.5 pp
+0.6 pp
+0.1 pp
+0.1 pp
+0.1 pp
−0.6 pp
−0.5 pp
+0.2 pp
+0.2 pp
+0.1 pp
+0.3 pp
−0.2 pp

Cincinnati Financial Corporation · CINF

−6.6 pp
−4.0 pp
+5.0 pp
+14.2 pp
+3.8 pp
+0.6 pp
+5.0 pp
−2.6 pp
+8.4 pp
−8.5 pp
−8.1 pp
+2.8 pp
+1.7 pp
+1.9 pp
+2.9 pp

CNA Financial Corporation · CNA

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

Loews Corporation · L

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

Markel Group Inc. · MKL

−0.3 pp
−0.3 pp
+1.3 pp
+3.5 pp
0.0 pp
0.0 pp
+0.7 pp
−0.9 pp
+1.8 pp
−0.9 pp
−1.5 pp
+0.8 pp
−0.7 pp
+0.2 pp
−0.7 pp
+0.4 pp

Old Republic International Corporation · ORI

−0.8 pp
−0.6 pp
−0.5 pp
+0.8 pp
+0.6 pp
−1.3 pp
+0.4 pp
−0.3 pp
+1.0 pp
−0.3 pp
−0.3 pp
+0.4 pp
−0.3 pp
+0.3 pp
+0.2 pp
+0.4 pp

The Allstate Corporation · ALL

−0.7 pp
−1.3 pp
−0.9 pp
−0.5 pp
+0.5 pp
+1.8 pp
+1.5 pp
+1.7 pp
+1.2 pp
+0.2 pp
−0.6 pp
+0.9 pp
+1.6 pp
+1.6 pp
+1.5 pp
+1.5 pp

The Progressive Corporation · PGR

0.0 pp
−0.3 pp
+0.1 pp
+1.2 pp
+1.3 pp
+1.3 pp
+2.1 pp
+1.2 pp
+1.0 pp
0.0 pp
−0.1 pp
+1.3 pp
−0.1 pp
+0.1 pp
−0.1 pp
−0.2 pp

The Travelers Companies, Inc. · TRV

−0.1 pp
−0.4 pp
0.0 pp
−0.5 pp
−0.1 pp
+0.6 pp
+0.1 pp
+0.5 pp
+0.6 pp
+0.3 pp
−0.6 pp
+0.7 pp
+0.4 pp
+0.2 pp
+0.9 pp
+0.4 pp

W. R. Berkley Corporation · WRB

−0.8 pp
+1.1 pp
−2.8 pp
+1.9 pp
+0.9 pp
−0.2 pp
+0.8 pp
−0.3 pp
+0.3 pp
+0.5 pp
−0.3 pp
+0.3 pp
+0.6 pp
−0.9 pp
0.0 pp
09 · compare level, then change

ROE — Leaders & Improvers

W. R. Berkley Corporation has the highest ROE among the 30 Insurance - Property & Casualty companies compared here, at 21.2%. Slide Insurance Holdings, Inc. is next at 13.1%. Mercury General Corporation has the highest ROE change at +14.9 percentage points, so level and change sit with different companies. Its ROE series carries 19 reported observations across the 20-quarter window.

What the numbers say: W. R. Berkley Corporation leads roe at 21.2%; Mercury General Corporation leads roe change at +14.9 percentage points.

LeaderW. R. Berkley Corporation · 21.2%
Gap61.8% versus #2 · Slide Insurance Holdings, Inc.
Persistence3/8 recent comparable periods
Coverage30/30 companies · 578 observations

Investor read: W. R. Berkley 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.
Return on equity · company comparison
30/30 level · 30/30 change
All-company data · latest reported quarter
CompanyROEROE changeReported
W. R. Berkley Corporation WRB21%+1.9 ppJun 2026
Slide Insurance Holdings, Inc. SLDE13%+1.5 ppJun 2026
The Allstate Corporation ALL11%+1.4 ppJun 2026
The Progressive Corporation PGR9.9%−1.5 ppJun 2026
HCI Group, Inc. HCI9.9%−5.9 ppMar 2026
RLI Corp. RLI9.6%+2.1 ppJun 2026
Kinsale Capital Group, Inc. KNSL9.4%+0.4 ppJun 2026
Mercury General Corporation MCY8.6%+14.9 ppMar 2026
The Travelers Companies, Inc. TRV7.0%+1.5 ppJun 2026
Cincinnati Financial Corporation CINF6.9%+9.5 ppJun 2026
Markel Group Inc. MKL6.3%+2.4 ppJun 2026
The Hanover Insurance Group, Inc. THG5.6%+0.2 ppJun 2026
Old Republic International Corporation ORI5.3%+1.9 ppJun 2026
Assurant, Inc. AIZ4.9%+2.0 ppMar 2026
Palomar Holdings, Inc. PLMR4.9%−1.7 ppMar 2026
Skyward Specialty Insurance Group, Inc. SKWD4.8%−0.7 ppMar 2026
American Financial Group, Inc. AFG4.2%+0.6 ppMar 2026
Chubb Limited CB3.7%−0.6 ppJun 2026
Selective Insurance Group, Inc. SIGI3.7%+1.0 ppJun 2026
United Fire Group, Inc. UFCS3.4%+1.1 ppMar 2026
Horace Mann Educators Corporation HMN2.9%−0.1 ppMar 2026
Stewart Information Services Corporation STC2.7%+0.2 ppJun 2026
CNA Financial Corporation CNA2.0%−0.7 ppMar 2026
Loews Corporation L1.9%−0.3 ppMar 2026
Kemper Corporation KMPR-0.2%−3.7 ppMar 2026
White Mountains Insurance Group, Ltd. WTM-0.5%−1.8 ppMar 2026
Safety Insurance Group, Inc. SAFT-1.7%−4.3 ppMar 2026
Hagerty, Inc. HGTY-2.2%−7.9 ppMar 2026
Lemonade, Inc. LMND-8.5%−0.9 ppJun 2026
Porch Group, Inc. PRCH-165%−148.9 ppJun 2026
Full 20-quarter history · every available company

ROE · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Financial Group, Inc. · AFG

3.8%
6.0%
5.0%
3.5%
3.6%
6.1%
4.8%
5.0%
4.5%
6.3%
5.9%
5.0%
4.2%
5.8%
3.6%
3.9%
4.6%
6.4%
4.2%

Assurant, Inc. · AIZ

15%
2.1%
2.7%
1.0%
0.1%
1.4%
2.4%
3.5%
4.4%
4.0%
5.1%
4.0%
2.7%
4.1%
2.9%
4.5%
4.8%
4.1%
4.9%

Chubb Limited · CB

3.2%
3.6%
3.4%
2.1%
1.5%
2.4%
3.4%
3.4%
3.9%
5.8%
3.9%
3.8%
3.9%
4.0%
2.0%
4.3%
4.2%
4.3%
3.1%
3.7%

Cincinnati Financial Corporation · CINF

5.2%
47%
-8.4%
-29%
-17%
41%
8.4%
20%
-3.7%
42%
24%
9.8%
25%
12%
-2.6%
20%
30%
17%
6.9%

CNA Financial Corporation · CNA

2.1%
1.9%
2.6%
1.7%
-0.4%
2.2%
3.0%
3.1%
3.1%
4.0%
3.7%
3.4%
2.9%
0.2%
2.7%
2.9%
3.7%
2.7%
2.0%

Loews Corporation · L

1.3%
1.8%
1.9%
1.1%
-0.2%
2.2%
2.4%
2.4%
1.9%
3.0%
3.0%
2.4%
2.5%
1.1%
2.2%
2.3%
2.9%
2.3%
1.9%

Markel Group Inc. · MKL

1.4%
6.2%
-0.3%
-6.4%
0.9%
4.9%
3.7%
5.1%
0.4%
5.4%
6.9%
1.9%
5.9%
3.4%
0.8%
3.9%
4.2%
3.2%
-1.1%
6.3%

Old Republic International Corporation · ORI

1.4%
9.6%
4.6%
-0.6%
-1.5%
7.8%
3.1%
2.5%
0.9%
3.0%
5.0%
1.5%
5.5%
1.7%
4.0%
3.4%
4.3%
3.6%
5.6%
5.3%

The Allstate Corporation · ALL

2.0%
2.9%
2.6%
-4.2%
-3.0%
-1.4%
-1.6%
-7.8%
0.0%
8.5%
6.7%
2.0%
6.6%
9.7%
2.9%
9.9%
16%
15%
9.2%
11%

The Progressive Corporation · PGR

0.6%
5.5%
1.8%
-3.2%
0.7%
4.8%
2.6%
2.1%
7.0%
11%
12%
7.3%
11%
10%
10%
11%
8.4%
11%
9.2%
9.9%

The Travelers Companies, Inc. · TRV

2.4%
4.6%
3.8%
2.1%
1.9%
3.2%
4.0%
-0.1%
2.0%
7.0%
4.7%
2.3%
5.3%
7.9%
1.5%
5.5%
6.4%
8.2%
5.7%
7.0%

W. R. Berkley Corporation · WRB

16%
18%
35%
11%
14%
23%
17%
21%
19%
22%
23%
19%
18%
27%
19%
18%
21%
19%
21%

ROE change · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Financial Group, Inc. · AFG

−0.2 pp
+0.1 pp
−0.2 pp
+1.5 pp
+0.9 pp
+0.2 pp
+1.1 pp
0.0 pp
−0.3 pp
−0.5 pp
−2.3 pp
−1.1 pp
+0.4 pp
+0.6 pp
+0.6 pp

Assurant, Inc. · AIZ

−15.0 pp
−0.7 pp
−0.3 pp
+2.5 pp
+4.3 pp
+2.6 pp
+2.7 pp
+0.5 pp
−1.7 pp
+0.1 pp
−2.2 pp
+0.5 pp
+2.1 pp
0.0 pp
+2.0 pp

Chubb Limited · CB

−1.7 pp
−1.2 pp
0.0 pp
+1.3 pp
+2.4 pp
+3.4 pp
+0.5 pp
+0.4 pp
0.0 pp
−1.8 pp
−1.9 pp
+0.5 pp
+0.3 pp
+0.3 pp
+1.1 pp
−0.6 pp

Cincinnati Financial Corporation · CINF

−21.9 pp
−6.6 pp
+16.8 pp
+48.5 pp
+13.0 pp
+1.2 pp
+16.0 pp
−9.8 pp
+28.4 pp
−30.0 pp
−27.0 pp
+9.8 pp
+5.5 pp
+5.6 pp
+9.5 pp

CNA Financial Corporation · CNA

−2.5 pp
+0.3 pp
+0.4 pp
+1.4 pp
+3.5 pp
+1.8 pp
+0.7 pp
+0.3 pp
−0.2 pp
−3.8 pp
−1.0 pp
−0.5 pp
+0.8 pp
+2.5 pp
−0.7 pp

Loews Corporation · L

−1.5 pp
+0.4 pp
+0.5 pp
+1.3 pp
+2.1 pp
+0.8 pp
+0.6 pp
0.0 pp
+0.6 pp
−1.9 pp
−0.8 pp
−0.1 pp
+0.4 pp
+1.2 pp
−0.3 pp

Markel Group Inc. · MKL

−0.5 pp
−1.3 pp
+4.0 pp
+11.5 pp
−0.5 pp
+0.5 pp
+3.2 pp
−3.2 pp
+5.5 pp
−2.0 pp
−6.1 pp
+2.0 pp
−1.7 pp
−0.2 pp
−1.9 pp
+2.4 pp

Old Republic International Corporation · ORI

−2.9 pp
−1.8 pp
−1.5 pp
+3.1 pp
+2.4 pp
−4.8 pp
+1.9 pp
−1.0 pp
+4.6 pp
−1.3 pp
−1.0 pp
+1.9 pp
−1.2 pp
+1.9 pp
+1.6 pp
+1.9 pp

The Allstate Corporation · ALL

−5.0 pp
−4.3 pp
−4.2 pp
−3.6 pp
+3.0 pp
+9.9 pp
+8.3 pp
+9.8 pp
+6.6 pp
+1.2 pp
−3.8 pp
+7.9 pp
+8.9 pp
+5.0 pp
+6.3 pp
+1.4 pp

The Progressive Corporation · PGR

+0.1 pp
−0.7 pp
+0.8 pp
+5.3 pp
+6.3 pp
+6.2 pp
+9.5 pp
+5.2 pp
+3.5 pp
−0.7 pp
−2.0 pp
+4.1 pp
−2.1 pp
+0.3 pp
−0.9 pp
−1.5 pp

The Travelers Companies, Inc. · TRV

−0.5 pp
−1.4 pp
+0.2 pp
−2.2 pp
+0.1 pp
+3.8 pp
+0.7 pp
+2.4 pp
+3.3 pp
+0.9 pp
−3.2 pp
+3.2 pp
+1.1 pp
+0.3 pp
+4.2 pp
+1.5 pp

W. R. Berkley Corporation · WRB

−1.8 pp
+5.6 pp
−17.8 pp
+9.8 pp
+5.0 pp
−1.1 pp
+6.0 pp
−1.4 pp
−1.3 pp
+5.1 pp
−3.9 pp
−1.5 pp
+3.4 pp
−8.7 pp
+1.9 pp
10 · not available

Gross NPA — Leaders & Improvers

No company in this Insurance - Property & Casualty comparison reports gross NPA on a comparable basis, so there is nothing to rank here — 0 of 30 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.

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

W. R. Berkley Corporation has the lowest P/BV ÷ ROE among the 30 Insurance - Property & Casualty companies compared here, at 0.13×. Slide Insurance Holdings, Inc. is next at 0.14×. Porch Group, Inc. has the lowest P/BV at -143.7×, so level and change sit with different companies.

What the numbers say: W. R. Berkley Corporation has the lowest comparable P/BV ÷ ROE at 0.13×, 7.1% below Slide Insurance Holdings, Inc.. Only 24 of 30 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.

LeaderW. R. Berkley Corporation · 0.13×
Gap7.1% versus #2 · Slide Insurance Holdings, Inc.
Persistence0/8 recent comparable periods
Coverage24/30 companies · 451 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
24/30 level · 30/30 change
All-company data · latest reported quarter
CompanyP/BV ÷ ROEP/BVReported
Palomar Holdings, Inc. PLMR0.73.3Mar 2026
Hagerty, Inc. HGTY0.64.9Mar 2026
Loews Corporation L0.61.2Mar 2026
CNA Financial Corporation CNA0.61.1Mar 2026
Kemper Corporation KMPR0.60.7Mar 2026
Safety Insurance Group, Inc. SAFT0.61.3Mar 2026
American Financial Group, Inc. AFG0.52.3Mar 2026
Chubb Limited CB0.51.7Jun 2026
Stewart Information Services Corporation STC0.51.2Jun 2026
Selective Insurance Group, Inc. SIGI0.41.6Jun 2026
Horace Mann Educators Corporation HMN0.41.2Mar 2026
Kinsale Capital Group, Inc. KNSL0.43.7Jun 2026
Assurant, Inc. AIZ0.41.8Mar 2026
The Progressive Corporation PGR0.43.7Jun 2026
The Hanover Insurance Group, Inc. THG0.42.0Jun 2026
Skyward Specialty Insurance Group, Inc. SKWD0.31.6Mar 2026
RLI Corp. RLI0.33.1Jun 2026
Old Republic International Corporation ORI0.31.6Jun 2026
The Travelers Companies, Inc. TRV0.32.1Jun 2026
United Fire Group, Inc. UFCS0.31.0Mar 2026
Cincinnati Financial Corporation CINF0.31.7Jun 2026
Mercury General Corporation MCY0.21.9Mar 2026
Markel Group Inc. MKL0.21.3Jun 2026
HCI Group, Inc. HCI0.21.8Mar 2026
The Allstate Corporation ALL0.21.8Jun 2026
Slide Insurance Holdings, Inc. SLDE0.11.9Jun 2026
W. R. Berkley Corporation WRB0.12.8Jun 2026
White Mountains Insurance Group, Ltd. WTM0.11.0Mar 2026
Lemonade, Inc. LMND10.0Jun 2026
Porch Group, Inc. PRCH-143.7Jun 2026
Full 20-quarter history · every available company

P/BV ÷ ROE · reported quarter history

Showing the 12 largest of 28 companies with a series here. The remaining 16 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Financial Group, Inc. · AFG

0.5
0.4
0.5
0.8
0.7
0.5
0.6
0.5
0.5
0.4
0.5
0.5
0.6
0.4
0.7
0.6
0.6
0.4
0.5

Assurant, Inc. · AIZ

0.1
0.8
0.7
2.1
18.7
1.1
0.6
0.4
0.4
0.5
0.4
0.4
0.7
0.5
0.7
0.4
0.4
0.5
0.4

Chubb Limited · CB

0.4
0.4
0.5
0.8
1.1
0.8
0.5
0.4
0.4
0.3
0.5
0.5
0.5
0.4
0.9
0.4
0.4
0.4
0.6
0.5

Cincinnati Financial Corporation · CINF

0.3
0.0
0.0
0.2
0.1
0.0
0.1
0.2
0.1
0.1
0.1
0.1
0.1
0.3

CNA Financial Corporation · CNA

0.4
0.5
0.5
0.8
0.6
0.4
0.4
0.4
0.3
0.4
0.4
0.4
6.3
0.5
0.4
0.3
0.4
0.6

Loews Corporation · L

0.6
0.4
0.5
0.9
0.4
0.4
0.4
0.5
0.3
0.4
0.4
0.4
1.0
0.5
0.5
0.4
0.5
0.6

Markel Group Inc. · MKL

0.8
0.2
1.3
0.3
0.3
0.3
3.5
0.2
0.2
0.7
0.2
0.4
1.7
0.4
0.3
0.5
0.2

Old Republic International Corporation · ORI

0.8
0.1
0.3
0.2
0.4
0.5
1.4
0.4
0.3
0.9
0.3
0.9
0.4
0.5
0.4
0.5
0.3
0.3

The Allstate Corporation · ALL

0.7
0.5
0.6
0.2
0.4
1.1
0.4
0.2
0.9
0.2
0.1
0.1
0.2
0.2

The Progressive Corporation · PGR

4.8
0.6
2.2
6.6
1.0
1.9
2.2
0.7
0.4
0.5
0.7
0.5
0.5
0.6
0.4
0.5
0.4
0.4
0.4

The Travelers Companies, Inc. · TRV

0.6
0.3
0.5
0.8
1.0
0.6
0.4
0.9
0.3
0.5
0.8
0.4
0.3
1.4
0.4
0.3
0.2
0.3
0.3

W. R. Berkley Corporation · WRB

0.1
0.2
0.1
0.3
0.2
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.2
0.1
0.2
0.2
0.1
0.1
0.1

P/BV · reported quarter history

Showing the 12 largest of 30 companies with a series here. The remaining 18 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.

American Financial Group, Inc. · AFG

2.0
2.3
2.6
2.9
2.7
2.9
2.6
2.5
2.4
2.3
2.7
2.4
2.4
2.6
2.5
2.3
2.6
2.4
2.3

Assurant, Inc. · AIZ

1.6
1.6
2.0
2.1
1.9
1.6
1.5
1.5
1.7
1.8
2.0
1.7
1.9
2.1
2.0
1.8
1.9
2.0
1.8

Chubb Limited · CB

1.3
1.4
1.6
1.6
1.6
1.8
1.5
1.5
1.6
1.5
1.7
1.7
1.8
1.7
1.8
1.7
1.6
1.7
1.7
1.7

Cincinnati Financial Corporation · CINF

1.6
1.4
1.8
1.8
1.5
1.5
1.6
1.4
1.5
1.3
1.5
1.5
1.5
1.6
1.7
1.6
1.6
1.6
1.6
1.7

CNA Financial Corporation · CNA

0.9
0.9
1.2
1.3
1.2
1.3
1.2
1.2
1.2
1.2
1.3
1.3
1.2
1.3
1.3
1.2
1.1
1.1
1.1

Loews Corporation · L

0.8
0.8
1.0
0.9
0.9
1.0
0.9
0.9
1.0
1.0
1.1
1.0
1.0
1.1
1.1
1.1
1.1
1.2
1.2

Markel Group Inc. · MKL

1.2
1.1
1.4
1.4
1.2
1.3
1.2
1.3
1.4
1.2
1.3
1.3
1.2
1.3
1.4
1.5
1.3
1.5
1.3
1.3

Old Republic International Corporation · ORI

1.1
1.1
1.2
1.1
1.1
1.2
1.2
1.2
1.3
1.3
1.3
1.3
1.4
1.6
1.6
1.5
1.6
1.9
1.6
1.6

The Allstate Corporation · ALL

1.4
1.3
1.7
1.7
1.9
2.0
1.7
1.8
2.0
2.1
2.5
2.3
2.4
2.4
2.5
2.2
2.0
1.8
1.7
1.8

The Progressive Corporation · PGR

2.9
3.3
3.9
4.3
4.6
4.8
5.0
4.6
4.7
4.6
5.6
5.2
5.5
5.5
5.7
4.8
4.1
4.4
3.6
3.7

The Travelers Companies, Inc. · TRV

1.3
1.3
1.7
1.8
1.8
2.0
1.7
1.8
1.9
1.7
2.1
1.9
1.9
2.0
2.1
2.0
2.0
1.9
1.9
2.1

W. R. Berkley Corporation · WRB

2.0
2.3
2.7
2.9
2.8
3.0
2.5
2.4
2.5
2.6
3.0
2.7
2.7
2.8
3.2
3.1
3.1
2.9
2.7
2.8
12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Insurance - Property & Casualty comparison names 6 specific ways its own evidence can mislead, all listed below. All 30 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 30 Insurance - Property & Casualty 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 2026-09-16.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-09-16 · 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 - Property & Casualty company comparison FAQs

These 21 answers restate the Insurance - Property & Casualty comparison above in question form. Every one is computed from the same 30 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-09-16. Nothing here is estimated, and none of it is a recommendation.

Is the Insurance - Property & Casualty sector outperforming S&P 500?

Insurance - Property & Casualty has underperformed S&P 500 by 0.2% over 52 weeks and 10.5% over 13 weeks. 13 of 30 covered companies beat the S&P 500 on Mansfield relative strength, while 11 of 30 beat the sector itself.

Which Insurance - Property & Casualty company is largest by income?

The Progressive Corporation leads with income of $91,055 million, based on 21 of 30 comparable companies through Jun 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 73.5/100 with 60.2% 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?

W. R. Berkley Corporation has the lowest comparable P/BV ÷ ROE at 0.13, among 24 of 30 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Insurance - Property & Casualty 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 - Property & Casualty company is the biggest?

The Progressive Corporation is the largest, with trailing-twelve-month income of $91,055 million, ahead of The Allstate Corporation at $70,137 million. That covers 21 of 30 companies with comparable reporting through Jun 2026.

Which Insurance - Property & Casualty company makes the most profit?

The Allstate Corporation earns the most, at $13,300 million of trailing-twelve-month net profit, from 21 of 30 comparable companies. The Allstate Corporation has the fastest profit growth at the ≥100% scoring cap, 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 4.2%, 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 — W. R. Berkley Corporation screens cheapest at 0.13×. Only 24 of 30 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 - Property & Casualty sector beating the market?

Insurance - Property & Casualty has underperformed S&P 500 by 0.2% over the last 52 weeks and 10.5% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 13 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?

Porch 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 73.5 out of 100 with 60.2% evidence confidence, from 20.7 points on growth and earnings, 19.8 on capital efficiency, 13.3 on valuation and 19.7 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, 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 $615,902 million of combined market value. Chubb Limited is the largest at $131,762 million, about 21% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-09-16.

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 1.8×, 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 2026-09-16.

How is the Insurance - Property & Casualty sector performing?

13 of the 30 covered Insurance - Property & Casualty companies are beating S&P 500 on Mansfield relative strength. The sector itself is 0.2% behind S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-09-16.

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.

Not SEBI Registered !! Not Investment advice !!

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