Property and casualty insurers cheapest against their own PE history

Ranked

34

of 51 property and casualty insurers we cover

Median

20th pct

Lowest

2nd pct

AMSF

Range

2nd pct to 96th pct

#	Company	PE vs its 10 years	PE	Its 10y median PE	Market cap
1	AMSFAmerisafe	2nd pct	10.6×	15.7×	$487.7M
2	ALLAllstate	3rd pct	5.1×	11.5×	$64B
3	AXSAxis Capital	3rd pct	7.3×	12.5×	$7.5B
4	GBLIGlobal Indemnity Group, LLC	5th pct	10.3×	14.6×	$372.1M
5	MCYMercury General	6th pct	6.1×	12.8×	$5.7B
6	TRVTravelers Companies	8th pct	10.4×	13.8×	$81.6B
7	UVEUniversal Insurance	8th pct	6.4×	9.5×	$1.4B
8	SIGISelective Insurance	10th pct	11.6×	18.3×	$5.7B
9	HCIHCI	11th pct	8.8×	15.6×	$2.5B
10	ACICAMERICAN COASTAL INSURANCE	12th pct	5.5×	8.0×	$537M
11	RLIRLI	17th pct	15.1×	21.6×	$5.9B
12	PGRProgressive	18th pct	11.5×	18.1×	$132.6B
13	HRTGHeritage Insurance	18th pct	5.2×	10.1×	$1.1B
14	KINSKingstone Companies	19th pct	8.1×	13.7×	$290.1M
15	WTMWhite Mountains Insurance	19th pct	5.1×	8.3×	$5.3B
16	UFCSUnited Fire	20th pct	10.7×	18.2×	$1.5B
17	HMNHorace Mann Educators	20th pct	10.8×	14.1×	$1.9B
18	THGHanover Insurance	20th pct	11.4×	14.4×	$8.3B
19	CINFCincinnati Financial	21st pct	8.3×	12.7×	$27.1B
20	RNRRenaissancere	23rd pct	6.0×	11.5×	$14.7B
21	SPNTSiriusPoint	25th pct	6.5×	9.0×	$3B
22	EGEverest	26th pct	8.4×	12.4×	$15.3B
23	CNACNA Financial	28th pct	10.6×	12.4×	$13.1B
24	MKLMarkel	34th pct	10.4×	13.6×	$23.2B
25	CBChubb	34th pct	12.4×	13.8×	$137B
26	DGICADonegal	39th pct	9.8×	12.7×	$698.6M
27	WRBW. R. Berkley	40th pct	15.1×	15.5×	$27.2B
28	GLREGreenlight Capital RE	49th pct	10.3×	10.5×	$492.9M
29	LLoews	49th pct	13.7×	13.7×	$22.9B
30	JRVRJames River	61st pct	26.5×	21.2×	$183.6M
31	AFGAmerican Financial	61st pct	13.2×	12.8×	$12.5B
32	SAFTSafety Insurance	79th pct	22.4×	16.8×	$1.5B
33	OXBROXBRIDGE RE HOLDINGS	83rd pct	47.5×	9.6×	$7.7M
34	EIGEmployers	96th pct	76.6×	11.2×	$935.4M

Not ranked: 9 with no PE (losses over the last year), 7 with under ten years of history. 1 company whose data behind this number has a caveat is left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.