Property and casualty insurers with the lowest price to sales ratio

Ranked

48

of 51 property and casualty insurers we cover

Median

1.2×

Lowest

0.3×

JRVR

Range

0.3× to 4.2×

#	Company	P/S	Net margin	Revenue growth (TTM)	Market cap
1	JRVRJames River	0.3×	4.7%	−1.8%	$183.6M
2	KMPRKEMPER	0.4×	−10.8%	−4.5%	$1.7B
3	ROOTRoot	0.5×	3.9%	+14.9%	$819.3M
4	DGICADonegal	0.7×	7.4%	−3.1%	$698.6M
5	GLREGreenlight Capital RE	0.8×	7.8%	−3.3%	$492.9M
6	HGHamilton Insurance	0.8×	28.8%	+15.5%	$2.4B
7	GBLIGlobal Indemnity Group, LLC	0.8×	7.5%	+3.8%	$372.1M
8	PRHIPresurance	0.8×	−49.6%	−49.0%	$26.1M
9	UVEUniversal Insurance	0.8×	13.5%	+4.0%	$1.4B
10	KGKestrel	0.9×	−86.1%	n/m	$38M
11	CNACNA Financial	0.9×	8.2%	+3.4%	$13.1B
12	MCYMercury General	0.9×	14.8%	+10.0%	$5.7B
13	EGEverest	0.9×	11.4%	−5.1%	$15.3B
14	ALLAllstate	0.9×	19.0%	+5.9%	$64B
15	SPNTSiriusPoint	0.9×	15.6%	+22.6%	$3B
16	UFCSUnited Fire	1.0×	9.6%	+11.4%	$1.5B
17	SIGISelective Insurance	1.0×	9.4%	+4.0%	$5.7B
18	HMNHorace Mann Educators	1.1×	10.2%	+5.9%	$1.9B
19	AXSAxis Capital	1.1×	16.2%	+9.1%	$7.5B
20	EIGEmployers	1.1×	0.9%	−5.8%	$935.4M
21	NODKNI	1.1×	2.9%	−13.9%	$304M
22	SAFTSafety Insurance	1.2×	5.3%	+7.2%	$1.5B
23	KINSKingstone Companies	1.2×	14.8%	+28.0%	$290.1M
24	THGHanover Insurance	1.2×	11.2%	+5.6%	$8.3B
25	LLoews	1.2×	9.0%	+3.5%	$22.9B
26	HRTGHeritage Insurance	1.3×	25.2%	+1.5%	$1.1B
27	RNRRenaissancere	1.3×	23.8%	−14.2%	$14.7B
28	WTMWhite Mountains Insurance	1.4×	29.3%	+55.4%	$5.3B
29	AMSFAmerisafe	1.5×	14.0%	+9.5%	$487.7M
30	MKLMarkel	1.5×	14.7%	+2.7%	$23.2B
31	AFGAmerican Financial	1.5×	11.5%	−0.2%	$12.5B
32	SKWDSkyward Specialty Insurance	1.5×	10.8%	+38.3%	$2.7B
33	ACICAMERICAN COASTAL INSURANCE	1.6×	30.3%	+3.3%	$537M
34	TRVTravelers Companies	1.7×	17.0%	+1.1%	$81.6B
35	AIIAmerican Integrity Insurance	1.7×	26.2%	+29.3%	$564.9M
36	BOWBowhead Specialty	1.8×	10.1%	+25.0%	$1.1B
37	WRBW. R. Berkley	1.8×	12.9%	+4.3%	$27.2B
38	KWYKINGSWAY	1.9×	−4.5%	+32.8%	$286.7M
39	CINFCincinnati Financial	1.9×	23.8%	+19.6%	$27.1B
40	HIPOHippo	2.0×	23.9%	+19.3%	$1B
41	ASICAtegrity Specialty Insurance	2.2×	20.7%	+36.6%	$1.2B
42	SLDESlide Insurance	2.4×	40.0%	+41.5%	$3.3B
43	HCIHCI	2.7×	32.6%	+22.8%	$2.5B
44	OXBROXBRIDGE RE HOLDINGS	2.8×	4.7%	+40.4%	$7.7M
45	RLIRLI	3.1×	20.3%	+4.6%	$5.9B
46	PLMRPalomar	3.4×	18.6%	+60.0%	$3.7B
47	LMNDLemonade	3.6×	−14.2%	+62.3%	$3.5B
48	KNSLKinsale Capital	4.2×	28.5%	+15.8%	$8.3B

Not ranked: 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.