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

Insurance - Reinsurance Stocks

Insurance - Reinsurance: Reinsurance Group of America, Incorporated owns the largest revenue base; Hamilton Insurance Group, Ltd. has the fastest current growth.

01 · the industry itself · before any single company

How has Insurance - Reinsurance 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 2% behind S&P 500. Earnings across its companies grew 25% on average over the last four reported quarters. It has been ahead of S&P 500 on a rolling three-month view for 4 weeks running.

TURNING · ahead 4wMoving with the index2 of 6 companies ahead of S&P 500 by 5% or more over three months

RS ↑4w · 6/6 >200d (+0) · 2/6 lead (+2) · EPS 6/6↑

20020262025202420232022 452348 TRAILING 12-MONTH EPS · 100 AT THE START0100113Sep 24Mar 25Sep 25Mar 26Jun 2024 · trailing 12-month earnings per share at 100, against 100 at the start · up 125.7% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 84, against 100 at the start · up 18.6% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 72, against 100 at the start · down 47.4% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 56, against 100 at the start · down 40.7% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 67, against 100 at the start · down 33.2% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 78, against 100 at the start · down 27.1% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 103, against 100 at the start · up 63.5% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 113, against 100 at the start · up 96.4% on a year ago · 3 reportingMar 2022 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingJun 2022 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingSep 2022 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingDec 2022 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingMar 2023 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingJun 2023 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingSep 2023 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingDec 2023 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingMar 2024 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two113 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20020262025202420232022 452348 TRAILING 12-MONTH EPS · 100 AT THE START0100113Mar 25Mar 26Jun 2024 · trailing 12-month earnings per share at 100, against 100 at the start · up 125.7% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 84, against 100 at the start · up 18.6% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 72, against 100 at the start · down 47.4% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 56, against 100 at the start · down 40.7% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 67, against 100 at the start · down 33.2% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 78, against 100 at the start · down 27.1% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 103, against 100 at the start · up 63.5% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 113, against 100 at the start · up 96.4% on a year ago · 3 reportingMar 2022 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingJun 2022 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingSep 2022 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingDec 2022 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingMar 2023 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingJun 2023 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingSep 2023 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingDec 2023 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingMar 2024 · too few reporting — 2 of the Insurance - Reinsurance filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two113No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Insurance - Reinsurance, 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 6 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 - Reinsurance outperforming S&P 500?

Insurance - Reinsurance has outperformed S&P 500 by 9.1% over the last 52 weeks. Over 13 weeks the gap is a lead of 0.7%. 4 of 6 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Hamilton Insurance Group, Ltd. is the strongest against the sector itself at +7.3%.

+0.7%Sector vs S&P 500 · 13 weeks
+9.1%Sector vs S&P 500 · 52 weeks
4/6Stocks leading S&P 500
2/6Stocks 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 - Reinsurance has outperformed S&P 500 by 9.1% over 52 weeks and 0.7% over 13 weeks. 4 of 6 covered companies beat the S&P 500 on Mansfield relative strength, while 2 of 6 beat the sector itself. Reinsurance Group of America, Incorporated leads with income of $24,932 million, based on 3 of 6 comparable companies through Mar 2026.

Companies
6
complete canonical membership
Combined market value
$49.8B
Reinsurance Group of America, Incorporated
Revenue growing
2/3
positive TTM year-on-year growth
Beating S&P 500
4/6
positive Mansfield relative strength
Comparing 3 of 6
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%
Hamilton Insurance Group, Ltd. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 76% evidence confidence.
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
1Hamilton Insurance Group, Ltd.HG 78.2/100Favorable setup76% evidence BREAKING OUT 27.3/35 Income 18.7% · PAT 69.8% 71% evidence 19.2/25 ROA 2.4% · ROE 8.4% · GNPA — 68% evidence 14.0/20 P/BV 1.09× · P/BV÷ROE 0.13 70% evidence 17.7/20 RS sector 7.3% · RS bench 10.4% · 1Y 57.8%3 of 12 weeks ahead 100% evidence
Exact sum: 27.3 + 19.2 + 14 + 17.7 = 78.2 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Reinsurance Group of America, IncorporatedRGA 51.8/100Mixed-positive evidence76% evidence BREAKING OUT 26.1/35 Income 18.6% · PAT 54% 71% evidence 5.4/25 ROA 0.2% · ROE 2.7% · GNPA — 68% evidence 3.8/20 P/BV 1.01× · P/BV÷ROE 0.37 70% evidence 16.5/20 RS sector 0.4% · RS bench 3.6% · 1Y 26.7%4 of 12 weeks ahead 100% evidence
Exact sum: 26.1 + 5.4 + 3.8 + 16.5 = 51.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3Greenlight Capital Re, Ltd.GLRE 47.6/100Mixed-negative evidence70% evidence ASLEEP 19.9/35 Income -1.7% · PAT 75.5% 71% evidence 13.1/25 ROA 1.6% · ROE 5.1% · GNPA — 68% evidence 8.6/20 P/BV 0.79× · P/BV÷ROE 0.15 70% evidence 6.0/20 RS sector -3.5% · RS bench -0.8% · 1Y 26.3%1 of 12 weeks ahead 70% evidence
Exact sum: 19.9 + 13.1 + 8.6 + 6 = 47.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
4RenaissanceRe Holdings Ltd.RNR 46.8/100Mixed-negative evidence60% evidence TURNING 13.2/35 Income — · PAT — 26% evidence 15.0/25 ROA 1.8% · ROE 5.3% · GNPA — 68% evidence 8.2/20 P/BV 1.12× · P/BV÷ROE 0.21 70% evidence 10.4/20 RS sector -0.7% · RS bench 2.3% · 1Y 33.9%0 of 12 weeks ahead 100% evidence
Exact sum: 13.2 + 15 + 8.2 + 10.4 = 46.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5SiriusPoint Ltd.SPNT 36.1/100Mixed-negative evidence60% evidence ASLEEP 17.6/35 Income — · PAT — 26% evidence 7.7/25 ROA 0.8% · ROE 3.8% · GNPA — 68% evidence 4.4/20 P/BV 1.22× · P/BV÷ROE 0.32 70% evidence 6.4/20 RS sector -1.4% · RS bench 1.6% · 1Y 31.5%0 of 12 weeks ahead 100% evidence
Exact sum: 17.6 + 7.7 + 4.4 + 6.4 = 36.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Everest Group, Ltd.EG 36.0/100Mixed-negative evidence60% evidence BREAKING OUT 14.5/35 Income — · PAT — 26% evidence 9.1/25 ROA 0.9% · ROE 3.7% · GNPA — 68% evidence 7.2/20 P/BV 0.92× · P/BV÷ROE 0.25 70% evidence 5.2/20 RS sector -5.6% · RS bench -2.4% · 1Y 11.9%1 of 12 weeks ahead 100% evidence
Exact sum: 14.5 + 9.1 + 7.2 + 5.2 = 36 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
04 · what price has already done

Market action

Hamilton Insurance Group, Ltd. has the strongest one-year price move in Insurance - Reinsurance at +57.8%. It also leads on Mansfield relative strength against the S&P 500 at +10.4%. 4 of 6 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

Reinsurance Group of America, Incorporated has the highest Income among the 6 Insurance - Reinsurance companies compared here, at $24,932 million. Hamilton Insurance Group, Ltd. is next at $2,896 million. Hamilton Insurance Group, Ltd. has the highest Income growth at 18.7%, so level and change sit with different companies. Its Income series carries 19 reported observations across the 20-quarter window.

What the numbers say: Reinsurance Group of America, Incorporated is the scale leader at $24,932 million, 760.9% ahead of Hamilton Insurance Group, Ltd.. Hamilton Insurance Group, Ltd.'s growth is 18.7% from a $2,896 million base, with 11 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderReinsurance Group of America, Incorporated · $24,932 million
Gap760.9% versus #2 · Hamilton Insurance Group, Ltd.
Persistence7/8 recent comparable periods
Coverage3/6 companies · 106 observations

Investor read: Reinsurance Group of America, Incorporated is the scale benchmark; Hamilton Insurance Group, Ltd. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Reinsurance Group of America, Incorporated's growth falls below Hamilton 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
3/6 level · 3/6 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
Reinsurance Group of America, Incorporated RGA$6.5B23%Mar 2026
Everest Group, Ltd. EG$4.1B-4.6%Jun 2026
RenaissanceRe Holdings Ltd. RNR$2.2B-37%Jun 2026
SiriusPoint Ltd. SPNT$775M6.6%Jun 2026
Hamilton Insurance Group, Ltd. HG$759M-1.3%Mar 2026
Greenlight Capital Re, Ltd. GLRE$190M-11%Mar 2026
Full 20-quarter history · every available company

Income · reported quarter history

Everest Group, Ltd. · EG

$2.9B
$3.1B
$2.9B
$2.8B
$3.1B
$3.3B
$3.3B
$3.7B
$4.0B
$3.7B
$4.1B
$4.2B
$4.3B
$4.6B
$4.3B
$4.5B
$4.3B
$4.4B
$4.1B

Greenlight Capital Re, Ltd. · GLRE

$139M
$163M
$133M
$121M
$127M
$144M
$155M
$190M
$167M
$161M
$191M
$175M
$188M
$142M
$213M
$160M
$146M
$210M
$190M

Hamilton Insurance Group, Ltd. · HG

$396M
$495M
$659M
$588M
$513M
$570M
$769M
$741M
$668M
$728M
$759M

Reinsurance Group of America, Incorporated · RGA

$4.0B
$4.4B
$3.9B
$3.9B
$4.1B
$4.4B
$4.3B
$4.2B
$5.2B
$5.0B
$6.3B
$4.9B
$5.7B
$5.2B
$5.3B
$5.6B
$6.2B
$6.6B
$6.5B

RenaissanceRe Holdings Ltd. · RNR

$1.5B
$1M
$876M
$867M
$1.3B
$2.0B
$2.2B
$1.9B
$1.8B
$3.2B
$2.6B
$2.8B
$4.0B
$2.3B
$3.5B
$3.2B
$3.2B
$3.0B
$2.2B

SiriusPoint Ltd. · SPNT

$733M
$398M
$361M
$473M
$598M
$674M
$678M
$711M
$703M
$646M
$686M
$743M
$562M
$613M
$727M
$748M
$756M
$974M
$775M

Income growth · reported quarter history

Everest Group, Ltd. · EG

-7.9%
5.1%
4.4%
13%
29%
30%
12%
26%
16%
7.4%
27%
3.2%
6.3%
0.8%
-4.6%
-4.6%

Greenlight Capital Re, Ltd. · GLRE

-10%
-8.6%
-12%
17%
57%
32%
12%
23%
-7.9%
13%
-12%
12%
-8.6%
-22%
48%
-11%

Hamilton Insurance Group, Ltd. · HG

30%
15%
17%
26%
30%
28%
-1.3%

Reinsurance Group of America, Incorporated · RGA

-5.7%
0.2%
-0.3%
8.5%
6.5%
27%
15%
49%
17%
9.7%
4.7%
-17%
15%
9.8%
27%
23%

RenaissanceRe Holdings Ltd. · RNR

-41%
-17%
152%
114%
43%
60%
18%
53%
116%
-29%
34%
13%
-20%
30%
-37%

SiriusPoint Ltd. · SPNT

-16%
-18%
69%
88%
50%
18%
-4.2%
1.2%
4.5%
-20%
-5.1%
6.0%
0.7%
35%
59%
6.6%
06 · compare level, then change

Profit Scale & Acceleration

Reinsurance Group of America, Incorporated has the highest Net profit among the 6 Insurance - Reinsurance companies compared here, at $1,232 million. Hamilton Insurance Group, Ltd. is next at $876 million. Greenlight Capital Re, Ltd. has the highest Profit growth at 75.5%, so level and change sit with different companies.

What the numbers say: Reinsurance Group of America, Incorporated leads with $1,232 million of TTM profit, 40.6% above Hamilton Insurance Group, Ltd.. Greenlight Capital Re, Ltd. shows 75.5% growth from a $86 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderReinsurance Group of America, Incorporated · $1,232 million
Gap40.6% versus #2 · Hamilton Insurance Group, Ltd.
Persistence4/8 recent comparable periods
Coverage3/6 companies · 106 observations

Investor read: Reinsurance Group of America, Incorporated 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
3/6 level · 3/6 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Everest Group, Ltd. EG$653M211%Jun 2026
RenaissanceRe Holdings Ltd. RNR$516M-18%Jun 2026
Reinsurance Group of America, Incorporated RGA$331M15%Mar 2026
Hamilton Insurance Group, Ltd. HG$217M20%Mar 2026
SiriusPoint Ltd. SPNT$122M63%Jun 2026
Greenlight Capital Re, Ltd. GLRE$36M13%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Everest Group, Ltd. · EG

$-73M
$431M
$298M
$123M
$-319M
$496M
$365M
$670M
$678M
$804M
$733M
$724M
$509M
$-593M
$210M
$680M
$255M
$446M
$653M

Greenlight Capital Re, Ltd. · GLRE

$-14M
$24M
$-6M
$15M
$-20M
$35M
$6M
$50M
$14M
$18M
$28M
$9M
$37M
$-29M
$32M
$1M
$-3M
$52M
$36M

Hamilton Insurance Group, Ltd. · HG

$53M
$133M
$277M
$200M
$61M
$74M
$181M
$268M
$176M
$215M
$217M

Reinsurance Group of America, Incorporated · RGA

$-22M
$156M
$197M
$106M
$-75M
$293M
$253M
$207M
$289M
$160M
$212M
$204M
$158M
$150M
$288M
$181M
$255M
$465M
$331M

RenaissanceRe Holdings Ltd. · RNR

$-639M
$0M
$-397M
$-267M
$-1.2B
$693M
$840M
$375M
$417M
$2.0B
$618M
$729M
$1.6B
$-19M
$-25M
$1.2B
$1.3B
$1.1B
$516M

SiriusPoint Ltd. · SPNT

$-47M
$-137M
$-213M
$-56M
$-94M
$-23M
$138M
$62M
$64M
$100M
$96M
$115M
$9M
$-17M
$75M
$63M
$91M
$280M
$122M

Profit growth · reported quarter history

Everest Group, Ltd. · EG

-82%
15%
22%
445%
62%
101%
8.1%
-25%
-174%
-71%
-6.1%
-50%
211%

Greenlight Capital Re, Ltd. · GLRE

1,400%
46%
233%
-49%
367%
-82%
164%
-261%
14%
-89%
-108%
13%

Hamilton Insurance Group, Ltd. · HG

15%
-44%
-35%
34%
189%
191%
20%

Reinsurance Group of America, Incorporated · RGA

-69%
88%
28%
95%
-45%
-16%
-1.5%
-45%
-6.3%
36%
-11%
61%
210%
15%

RenaissanceRe Holdings Ltd. · RNR

-146%
187%
-26%
94%
292%
-101%
-104%
60%
-18%

SiriusPoint Ltd. · SPNT

-180%
-30%
85%
-86%
-117%
-22%
-45%
911%
63%
07 · compare level, then change

Funding Base & Its Composition

No company in this Insurance - Reinsurance comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, Everest Group, Ltd. is highest at $3,589 million, across 1 of 6 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
Coverage0/6 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
0/6 level · 1/6 change
All-company data · latest reported quarter
CompanyDepositsBorrowingsReported
Everest Group, Ltd. EG$3.6BJun 2026
Full 20-quarter history · every available company

No consistent historical series is available for deposits.

Borrowings · reported quarter history

Everest Group, Ltd. · EG

$1.9B
$3.1B
$3.1B
$3.1B
$3.1B
$3.1B
$3.1B
$3.1B
$3.1B
$3.4B
$3.4B
$3.4B
$3.4B
$3.6B
$3.6B
$3.6B
$3.6B
$3.6B
$3.6B
$3.6B
08 · compare level, then change

Return On Assets

Hamilton Insurance Group, Ltd. has the highest ROA among the 6 Insurance - Reinsurance companies compared here, at 2.4%. RenaissanceRe Holdings Ltd. is next at 1.8%. Greenlight Capital Re, Ltd. has the highest ROA change at 0 percentage points, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Hamilton Insurance Group, Ltd. leads roa at 2.4%; Greenlight Capital Re, Ltd. leads roa change at 0 percentage points.

LeaderHamilton Insurance Group, Ltd. · 2.4%
Gap33.3% versus #2 · RenaissanceRe Holdings Ltd.
Persistence2/7 recent comparable periods
Coverage6/6 companies · 109 observations

Investor read: Hamilton Insurance Group, Ltd. 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
6/6 level · 6/6 change
All-company data · latest reported quarter
CompanyROAROA changeReported
Hamilton Insurance Group, Ltd. HG2.4%0.0 ppMar 2026
RenaissanceRe Holdings Ltd. RNR1.8%−0.4 ppJun 2026
Greenlight Capital Re, Ltd. GLRE1.6%0.0 ppMar 2026
Everest Group, Ltd. EG0.9%−0.3 ppJun 2026
SiriusPoint Ltd. SPNT0.8%−0.1 ppJun 2026
Reinsurance Group of America, Incorporated RGA0.2%0.0 ppMar 2026
Full 20-quarter history · every available company

ROA · reported quarter history

Everest Group, Ltd. · EG

-0.2%
1.2%
0.8%
0.3%
-0.9%
1.3%
0.9%
1.6%
1.6%
1.8%
1.6%
1.5%
1.0%
-1.1%
0.4%
1.2%
0.4%
0.8%
1.1%
0.9%

Greenlight Capital Re, Ltd. · GLRE

-1.0%
1.9%
-0.4%
1.0%
-1.4%
2.8%
0.4%
3.1%
0.8%
2.3%
1.6%
0.5%
2.0%
-1.6%
1.6%
0.0%
-0.2%
2.5%
1.6%

Hamilton Insurance Group, Ltd. · HG

1.8%
8.2%
7.7%
5.4%
0.9%
1.1%
2.4%
3.3%
2.1%
2.5%
2.4%

Reinsurance Group of America, Incorporated · RGA

0.0%
0.2%
0.2%
0.1%
-0.1%
0.3%
0.3%
0.2%
0.3%
0.2%
0.2%
0.2%
0.2%
0.1%
0.2%
0.1%
0.2%
0.3%
0.2%

RenaissanceRe Holdings Ltd. · RNR

-4.0%
0.0%
-1,152%
-1.5%
-6.5%
2.0%
4.4%
1.0%
1.1%
4.7%
1.4%
1.6%
3.5%
0.0%
0.0%
2.2%
2.5%
2.3%
1.0%
1.8%

SiriusPoint Ltd. · SPNT

-0.7%
-2.2%
-2.0%
-0.8%
-1.3%
0.1%
1.6%
0.9%
0.8%
0.3%
1.0%
1.2%
0.2%
0.0%
0.7%
0.9%
1.1%
2.5%
1.1%
0.8%

ROA change · reported quarter history

Everest Group, Ltd. · EG

−0.7 pp
+0.1 pp
+0.1 pp
+1.3 pp
+2.5 pp
+0.5 pp
+0.7 pp
−0.1 pp
−0.6 pp
−2.9 pp
−1.2 pp
−0.3 pp
−0.6 pp
+1.9 pp
+0.7 pp
−0.3 pp

Greenlight Capital Re, Ltd. · GLRE

−0.4 pp
+0.9 pp
+0.8 pp
+2.1 pp
+2.2 pp
−0.5 pp
+1.2 pp
−2.6 pp
+1.2 pp
−3.9 pp
0.0 pp
−0.5 pp
−2.2 pp
+4.1 pp
0.0 pp

Hamilton Insurance Group, Ltd. · HG

−0.9 pp
−7.1 pp
−5.3 pp
−2.1 pp
+1.2 pp
+1.4 pp
0.0 pp

Reinsurance Group of America, Incorporated · RGA

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

RenaissanceRe Holdings Ltd. · RNR

−2.5 pp
+2.0 pp
+1,156.8 pp
+2.5 pp
+7.6 pp
+2.7 pp
−3.0 pp
+0.6 pp
+2.4 pp
−4.7 pp
−1.4 pp
+0.6 pp
−1.0 pp
+2.3 pp
+1.0 pp
−0.4 pp

SiriusPoint Ltd. · SPNT

−0.6 pp
+2.3 pp
+3.6 pp
+1.7 pp
+2.1 pp
+0.2 pp
−0.6 pp
+0.3 pp
−0.6 pp
−0.3 pp
−0.3 pp
−0.3 pp
+0.9 pp
+2.5 pp
+0.4 pp
−0.1 pp
09 · compare level, then change

ROE — Leaders & Improvers

Hamilton Insurance Group, Ltd. has the highest ROE among the 6 Insurance - Reinsurance companies compared here, at 8.4%. RenaissanceRe Holdings Ltd. is next at 5.3%. The same company also holds the highest ROE change, at +0.7 percentage points. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Hamilton Insurance Group, Ltd. leads both roe at 8.4% and roe change at +0.7 percentage points.

LeaderHamilton Insurance Group, Ltd. · 8.4%
Gap58.5% versus #2 · RenaissanceRe Holdings Ltd.
Persistence3/7 recent comparable periods
Coverage6/6 companies · 109 observations

Investor read: Hamilton Insurance Group, Ltd. 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
6/6 level · 6/6 change
All-company data · latest reported quarter
CompanyROEROE changeReported
Hamilton Insurance Group, Ltd. HG8.4%+0.7 ppMar 2026
RenaissanceRe Holdings Ltd. RNR5.3%−1.5 ppJun 2026
Greenlight Capital Re, Ltd. GLRE5.1%+0.1 ppMar 2026
SiriusPoint Ltd. SPNT3.8%+0.7 ppJun 2026
Everest Group, Ltd. EG3.7%−1.0 ppJun 2026
Reinsurance Group of America, Incorporated RGA2.7%0.0 ppMar 2026
Full 20-quarter history · every available company

ROE · reported quarter history

Everest Group, Ltd. · EG

-0.7%
4.3%
3.1%
1.3%
-3.6%
5.3%
3.9%
6.8%
7.2%
7.4%
6.5%
5.8%
3.8%
-4.4%
1.5%
4.7%
1.7%
3.0%
4.4%
3.7%

Greenlight Capital Re, Ltd. · GLRE

-3.2%
5.2%
-1.2%
3.1%
-4.4%
7.1%
1.2%
9.5%
2.6%
3.2%
4.9%
1.5%
5.9%
-4.8%
5.0%
0.2%
-0.5%
7.7%
5.1%

Hamilton Insurance Group, Ltd. · HG

5.9%
13%
25%
17%
2.9%
3.4%
7.7%
11%
6.9%
8.3%
8.4%

Reinsurance Group of America, Incorporated · RGA

-0.2%
1.1%
1.8%
1.1%
-0.9%
2.9%
3.0%
3.0%
4.9%
2.0%
2.5%
2.3%
1.6%
1.5%
2.7%
1.6%
2.1%
3.8%
2.7%

RenaissanceRe Holdings Ltd. · RNR

-12%
0.0%
-3,865%
-5.3%
-26%
6.9%
15%
3.2%
3.7%
16%
4.5%
4.9%
10%
-0.1%
-0.2%
6.8%
7.2%
6.2%
2.9%
5.3%

SiriusPoint Ltd. · SPNT

-2.3%
-6.7%
-8.7%
-2.3%
-4.0%
-1.0%
6.1%
2.8%
2.9%
4.3%
3.9%
4.6%
0.4%
-0.8%
3.2%
3.1%
3.7%
11%
5.6%
3.8%

ROE change · reported quarter history

Everest Group, Ltd. · EG

−2.9 pp
+1.0 pp
+0.8 pp
+5.5 pp
+10.8 pp
+2.1 pp
+2.6 pp
−1.0 pp
−3.4 pp
−11.8 pp
−5.0 pp
−1.1 pp
−2.1 pp
+7.4 pp
+2.9 pp
−1.0 pp

Greenlight Capital Re, Ltd. · GLRE

−1.2 pp
+1.9 pp
+2.4 pp
+6.4 pp
+7.0 pp
−3.9 pp
+3.7 pp
−8.0 pp
+3.3 pp
−8.0 pp
+0.1 pp
−1.3 pp
−6.4 pp
+12.5 pp
+0.1 pp

Hamilton Insurance Group, Ltd. · HG

−3.0 pp
−9.6 pp
−16.8 pp
−6.5 pp
+4.0 pp
+4.9 pp
+0.7 pp

Reinsurance Group of America, Incorporated · RGA

−0.7 pp
+1.8 pp
+1.2 pp
+1.9 pp
+5.8 pp
−0.9 pp
−0.5 pp
−0.7 pp
−3.3 pp
−0.5 pp
+0.2 pp
−0.7 pp
+0.5 pp
+2.3 pp
0.0 pp

RenaissanceRe Holdings Ltd. · RNR

−14.4 pp
+6.9 pp
+3,879.9 pp
+8.5 pp
+29.9 pp
+8.7 pp
−10.5 pp
+1.7 pp
+6.7 pp
−15.7 pp
−4.7 pp
+1.9 pp
−3.2 pp
+6.3 pp
+3.1 pp
−1.5 pp

SiriusPoint Ltd. · SPNT

−1.7 pp
+5.7 pp
+14.8 pp
+5.1 pp
+6.9 pp
+5.3 pp
−2.2 pp
+1.8 pp
−2.5 pp
−5.1 pp
−0.7 pp
−1.5 pp
+3.3 pp
+11.9 pp
+2.4 pp
+0.7 pp
10 · not available

Gross NPA — Leaders & Improvers

No company in this Insurance - Reinsurance comparison reports gross NPA on a comparable basis, so there is nothing to rank here — 0 of 6 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

Hamilton Insurance Group, Ltd. has the lowest P/BV ÷ ROE among the 6 Insurance - Reinsurance companies compared here, at 0.13×. Greenlight Capital Re, Ltd. is next at 0.15×. Greenlight Capital Re, Ltd. has the lowest P/BV at 0.79×, so level and change sit with different companies. 6 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Hamilton Insurance Group, Ltd. has the lowest comparable P/BV ÷ ROE at 0.13×, 13.3% below Greenlight Capital Re, Ltd.. Only 6 of 6 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.

LeaderHamilton Insurance Group, Ltd. · 0.13×
Gap13.3% versus #2 · Greenlight Capital Re, Ltd.
Persistence0/8 recent comparable periods
Coverage6/6 companies · 84 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
6/6 level · 6/6 change
All-company data · latest reported quarter
CompanyP/BV ÷ ROEP/BVReported
Reinsurance Group of America, Incorporated RGA0.41.0Mar 2026
SiriusPoint Ltd. SPNT0.31.2Jun 2026
Everest Group, Ltd. EG0.30.9Jun 2026
RenaissanceRe Holdings Ltd. RNR0.21.1Jun 2026
Greenlight Capital Re, Ltd. GLRE0.20.8Mar 2026
Hamilton Insurance Group, Ltd. HG0.11.1Mar 2026
Full 20-quarter history · every available company

P/BV ÷ ROE · reported quarter history

Everest Group, Ltd. · EG

0.2
0.4
1.0
0.3
0.4
0.2
0.2
0.2
0.2
0.2
0.3
0.7
0.2
0.6
0.3
0.2
0.3

Greenlight Capital Re, Ltd. · GLRE

0.1
0.2
0.1
0.5
0.1
0.3
0.2
0.1
0.5
0.1
0.1
3.7
0.1
0.2

Hamilton Insurance Group, Ltd. · HG

0.0
0.0
0.0
0.3
0.2
0.1
0.1
0.1
0.1
0.1

Reinsurance Group of America, Incorporated · RGA

0.5
0.4
1.2
0.5
0.4
0.4
0.2
0.6
0.5
0.6
0.8
0.9
0.4
0.7
0.5
0.3
0.4

RenaissanceRe Holdings Ltd. · RNR

0.2
0.1
0.4
0.4
0.1
0.3
0.2
0.1
0.2
0.1
0.2
0.4
0.2

SiriusPoint Ltd. · SPNT

0.1
0.2
0.3
0.2
0.2
0.2
2.2
0.4
0.4
0.3
0.1
0.2
0.3

P/BV · reported quarter history

Everest Group, Ltd. · EG

1.0
1.1
1.2
1.3
1.3
1.5
1.6
1.4
1.4
1.2
1.3
1.2
1.1
1.1
1.1
1.0
1.0
0.9
0.9
0.9

Greenlight Capital Re, Ltd. · GLRE

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

Hamilton Insurance Group, Ltd. · HG

0.4
0.4
0.8
0.9
0.5
0.9
0.9
0.9
1.0
1.1

Reinsurance Group of America, Incorporated · RGA

0.6
0.6
0.8
1.4
2.3
1.3
1.2
1.2
1.2
1.2
1.3
1.4
1.3
1.3
1.1
1.1
1.0
1.0
1.0

RenaissanceRe Holdings Ltd. · RNR

961.2
1.1
1,145.2
1.2
1.3
1.5
1.5
1.3
1.3
1.1
1.3
1.2
1.3
1.2
1.1
1.1
1.0
1.1
1.1
1.1

SiriusPoint Ltd. · SPNT

0.6
0.5
0.5
0.4
0.4
0.5
0.6
0.7
0.8
0.8
0.8
0.8
0.9
1.0
1.4
1.1
1.0
1.0
1.1
1.2
12 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Insurance - Reinsurance comparison names 6 specific ways its own evidence can mislead, all listed below. All 6 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 6 Insurance - Reinsurance 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 - Reinsurance company comparison FAQs

These 21 answers restate the Insurance - Reinsurance comparison above in question form. Every one is computed from the same 6 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 - Reinsurance sector outperforming S&P 500?

Insurance - Reinsurance has outperformed S&P 500 by 9.1% over 52 weeks and 0.7% over 13 weeks. 4 of 6 covered companies beat the S&P 500 on Mansfield relative strength, while 2 of 6 beat the sector itself.

Which Insurance - Reinsurance company is largest by income?

Reinsurance Group of America, Incorporated leads with income of $24,932 million, based on 3 of 6 comparable companies through Mar 2026.

Which Insurance - Reinsurance company is growing fastest?

Hamilton Insurance Group, Ltd. has the fastest current income growth at 18.7%, across 3 of 6 comparable companies.

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

Hamilton Insurance Group, Ltd. ranks first at 78.2/100 with 76% evidence confidence. The score prioritizes research; it is not a buy recommendation.

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

Hamilton Insurance Group, Ltd. has the lowest comparable P/BV ÷ ROE at 0.13, among 6 of 6 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Insurance - Reinsurance 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 - Reinsurance company is the biggest?

Reinsurance Group of America, Incorporated is the largest, with trailing-twelve-month income of $24,932 million, ahead of Hamilton Insurance Group, Ltd. at $2,896 million. That covers 3 of 6 companies with comparable reporting through Mar 2026.

Which Insurance - Reinsurance company makes the most profit?

Reinsurance Group of America, Incorporated earns the most, at $1,232 million of trailing-twelve-month net profit, from 3 of 6 comparable companies. Greenlight Capital Re, Ltd. has the fastest profit growth at 75.5%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Insurance - Reinsurance company earns the highest return on capital?

Hamilton Insurance Group, Ltd. leads on return on assets at 2.4%, across 6 of 6 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 - Reinsurance stock is the cheapest?

On price-to-book divided by return on equity — where a LOWER number is cheaper — Hamilton Insurance Group, Ltd. screens cheapest at 0.13×. Only 6 of 6 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 - Reinsurance sector beating the market?

Insurance - Reinsurance has outperformed S&P 500 by 9.1% over the last 52 weeks and 0.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 4 of 6 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Insurance - Reinsurance stock has the strongest price momentum?

Hamilton Insurance Group, Ltd. 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 - Reinsurance company scores highest for research priority?

Hamilton Insurance Group, Ltd. scores 78.2 out of 100 with 76% evidence confidence, from 27.3 points on growth and earnings, 19.2 on capital efficiency, 14 on valuation and 17.7 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 - Reinsurance companies does this comparison cover, and over what period?

It compares 6 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 - Reinsurance sector?

The 6 Insurance - Reinsurance companies on this page carry $49,828 million of combined market value. Reinsurance Group of America, Incorporated is the largest at $15,474 million, about 31% 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 - Reinsurance sector's P/B ratio?

The median price-to-book ratio across the 6 Insurance - Reinsurance companies on this page is 1.1×, measured on the 6 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 - Reinsurance sector performing?

4 of the 6 covered Insurance - Reinsurance companies are beating S&P 500 on Mansfield relative strength. The sector itself is 9.1% ahead of 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 - Reinsurance stocks are listed in the US?

This comparison covers 6 listed Insurance - Reinsurance 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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