Property and casualty insurers with the fastest revenue growth

Ranked

45

of 51 property and casualty insurers we cover

Median

+5.9%

Highest

+62.3%

LMND

Range

−14.2% to +62.3%

#	Company	Revenue growth	Net margin	Price to sales	Market cap
1	LMNDLemonade	+62.3%	−14.2%	3.6×	$3.5B
2	PLMRPalomar	+60.0%	18.6%	3.4×	$3.7B
3	WTMWhite Mountains Insurance	+55.4%	29.3%	1.4×	$5.3B
4	SLDESlide Insurance	+41.5%	40.0%	2.4×	$3.3B
5	SKWDSkyward Specialty Insurance	+38.3%	10.8%	1.5×	$2.7B
6	ASICAtegrity Specialty Insurance	+36.6%	20.7%	2.2×	$1.2B
7	KWYKINGSWAY	+32.8%	−4.5%	1.9×	$286.7M
8	AIIAmerican Integrity Insurance	+29.3%	26.2%	1.7×	$564.9M
9	KINSKingstone Companies	+28.0%	14.8%	1.2×	$290.1M
10	BOWBowhead Specialty	+25.0%	10.1%	1.8×	$1.1B
11	HCIHCI	+22.8%	32.6%	2.7×	$2.5B
12	SPNTSiriusPoint	+22.6%	15.6%	0.9×	$3B
13	CINFCincinnati Financial	+19.6%	23.8%	1.9×	$27.1B
14	HIPOHippo	+19.3%	23.9%	2.0×	$1B
15	KNSLKinsale Capital	+15.8%	28.5%	4.2×	$8.3B
16	HGHamilton Insurance	+15.5%	28.8%	0.8×	$2.4B
17	ROOTRoot	+14.9%	3.9%	0.5×	$819.3M
18	UFCSUnited Fire	+11.4%	9.6%	1.0×	$1.5B
19	MCYMercury General	+10.0%	14.8%	0.9×	$5.7B
20	AMSFAmerisafe	+9.5%	14.0%	1.5×	$487.7M
21	AXSAxis Capital	+9.1%	16.2%	1.1×	$7.5B
22	SAFTSafety Insurance	+7.2%	5.3%	1.2×	$1.5B
23	ALLAllstate	+5.9%	19.0%	0.9×	$64B
24	HMNHorace Mann Educators	+5.9%	10.2%	1.1×	$1.9B
25	THGHanover Insurance	+5.6%	11.2%	1.2×	$8.3B
26	RLIRLI	+4.6%	20.3%	3.1×	$5.9B
27	WRBW. R. Berkley	+4.3%	12.9%	1.8×	$27.2B
28	SIGISelective Insurance	+4.0%	9.4%	1.0×	$5.7B
29	UVEUniversal Insurance	+4.0%	13.5%	0.8×	$1.4B
30	GBLIGlobal Indemnity Group, LLC	+3.8%	7.5%	0.8×	$372.1M
31	LLoews	+3.5%	9.0%	1.2×	$22.9B
32	CNACNA Financial	+3.4%	8.2%	0.9×	$13.1B
33	ACICAMERICAN COASTAL INSURANCE	+3.3%	30.3%	1.6×	$537M
34	MKLMarkel	+2.7%	14.7%	1.5×	$23.2B
35	HRTGHeritage Insurance	+1.5%	25.2%	1.3×	$1.1B
36	TRVTravelers Companies	+1.1%	17.0%	1.7×	$81.6B
37	AFGAmerican Financial	−0.2%	11.5%	1.5×	$12.5B
38	JRVRJames River	−1.8%	4.7%	0.3×	$183.6M
39	DGICADonegal	−3.1%	7.4%	0.7×	$698.6M
40	GLREGreenlight Capital RE	−3.3%	7.8%	0.8×	$492.9M
41	KMPRKEMPER	−4.5%	−10.8%	0.4×	$1.7B
42	EGEverest	−5.1%	11.4%	0.9×	$15.3B
43	EIGEmployers	−5.8%	0.9%	1.1×	$935.4M
44	NODKNI	−13.9%	2.9%	1.1×	$304M
45	RNRRenaissancere	−14.2%	23.8%	1.3×	$14.7B

Not ranked: 2 with under $50M of revenue, 1 with growth from a base too small to compare. 3 companies whose data behind this number has a caveat are 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.