Property and casualty insurers with the highest profit margins

Ranked

45

of 51 property and casualty insurers we cover

Median

13.5%

Highest

40.0%

SLDE

Range

−14.2% to 40.0%

#	Company	Net margin	Operating margin	Revenue growth (TTM)	Market cap
1	SLDESlide Insurance	40.0%	n/m	+41.5%	$3.3B
2	HCIHCI	32.6%	n/m	+22.8%	$2.5B
3	ACICAMERICAN COASTAL INSURANCE	30.3%	40.2%	+3.3%	$537M
4	WTMWhite Mountains Insurance	29.3%	n/m	+55.4%	$5.3B
5	HGHamilton Insurance	28.8%	n/m	+15.5%	$2.4B
6	KNSLKinsale Capital	28.5%	n/m	+15.8%	$8.3B
7	AIIAmerican Integrity Insurance	26.2%	n/m	+29.3%	$564.9M
8	HRTGHeritage Insurance	25.2%	34.5%	+1.5%	$1.1B
9	HIPOHippo	23.9%	n/m	+19.3%	$1B
10	CINFCincinnati Financial	23.8%	n/m	+19.6%	$27.1B
11	RNRRenaissancere	23.8%	n/m	−14.2%	$14.7B
12	ASICAtegrity Specialty Insurance	20.7%	n/m	+36.6%	$1.2B
13	RLIRLI	20.3%	n/m	+4.6%	$5.9B
14	ALLAllstate	19.0%	n/m	+5.9%	$64B
15	PLMRPalomar	18.6%	n/m	+60.0%	$3.7B
16	TRVTravelers Companies	17.0%	n/m	+1.1%	$81.6B
17	AXSAxis Capital	16.2%	n/m	+9.1%	$7.5B
18	SPNTSiriusPoint	15.6%	n/m	+22.6%	$3B
19	KINSKingstone Companies	14.8%	n/m	+28.0%	$290.1M
20	MCYMercury General	14.8%	n/m	+10.0%	$5.7B
21	MKLMarkel	14.7%	19.9%	+2.7%	$23.2B
22	AMSFAmerisafe	14.0%	n/m	+9.5%	$487.7M
23	UVEUniversal Insurance	13.5%	n/m	+4.0%	$1.4B
24	WRBW. R. Berkley	12.9%	n/m	+4.3%	$27.2B
25	AFGAmerican Financial	11.5%	n/m	−0.2%	$12.5B
26	EGEverest	11.4%	n/m	−5.1%	$15.3B
27	THGHanover Insurance	11.2%	n/m	+5.6%	$8.3B
28	SKWDSkyward Specialty Insurance	10.8%	n/m	+38.3%	$2.7B
29	HMNHorace Mann Educators	10.2%	27.2%	+5.9%	$1.9B
30	BOWBowhead Specialty	10.1%	n/m	+25.0%	$1.1B
31	UFCSUnited Fire	9.6%	n/m	+11.4%	$1.5B
32	SIGISelective Insurance	9.4%	n/m	+4.0%	$5.7B
33	LLoews	9.0%	n/m	+3.5%	$22.9B
34	CNACNA Financial	8.2%	n/m	+3.4%	$13.1B
35	GLREGreenlight Capital RE	7.8%	n/m	−3.3%	$492.9M
36	GBLIGlobal Indemnity Group, LLC	7.5%	n/m	+3.8%	$372.1M
37	DGICADonegal	7.4%	n/m	−3.1%	$698.6M
38	SAFTSafety Insurance	5.3%	n/m	+7.2%	$1.5B
39	JRVRJames River	4.7%	n/m	−1.8%	$183.6M
40	ROOTRoot	3.9%	5.5%	+14.9%	$819.3M
41	NODKNI	2.9%	n/m	−13.9%	$304M
42	EIGEmployers	0.9%	n/m	−5.8%	$935.4M
43	KWYKINGSWAY	−4.5%	−0.1%	+32.8%	$286.7M
44	KMPRKEMPER	−10.8%	n/m	−4.5%	$1.7B
45	LMNDLemonade	−14.2%	n/m	+62.3%	$3.5B

Not ranked: 3 with under $50M of revenue. 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.