Data by Company within Property & Casualty Insurance Industry
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Marketcap |
Revenues (TTM) |
Net Income (TTM) |
Employees |
| Company |
(Millions) |
(Millions) |
(Millions) |
Number |
| Berkshire Hathaway Inc |
$ 492,047 |
$ 349,271 |
$ 77,710 |
- |
| Progressive Corp |
$ 95,398 |
$ 58,687 |
$ 2,741 |
49,077 |
| Chubb Limited |
$ 92,317 |
$ 48,169 |
$ 7,037 |
31,000 |
| American International Group Inc |
$ 46,717 |
$ 48,562 |
$ 4,537 |
36,600 |
| Travelers Companies inc |
$ 40,811 |
$ 40,073 |
$ 2,184 |
30,800 |
| Allstate Corp |
$ 35,397 |
$ 55,470 |
$ -2,383 |
54,700 |
| Arch Capital Group Ltd |
$ 31,204 |
$ 12,731 |
$ 2,972 |
5,200 |
| The Hartford Financial Services Group Inc |
$ 23,796 |
$ 23,707 |
$ 2,050 |
18,100 |
| W R Berkley Corp |
$ 19,296 |
$ 11,935 |
$ 1,367 |
7,681 |
| Markel Group Inc |
$ 19,220 |
$ 15,372 |
$ 2,017 |
10,600 |
| Everest Group Ltd |
$ 17,622 |
$ 15,363 |
$ 2,390 |
- |
| Cincinnati Financial Corporation |
$ 15,725 |
$ 9,771 |
$ 1,673 |
5,166 |
| Loews Corp |
$ 15,501 |
$ 15,436 |
$ 1,456 |
10,340 |
| Alleghany Corp |
$ 11,411 |
$ 11,799 |
$ 811 |
3,135 |
| Cna Financial Corporation |
$ 11,287 |
$ 12,903 |
$ 1,086 |
6,900 |
| Renaissancere Holdings Ltd |
$ 10,865 |
$ 7,925 |
$ 2,325 |
376 |
| American Financial Group Inc |
$ 9,425 |
$ 7,903 |
$ 811 |
- |
| Assurant Inc |
$ 8,848 |
$ 10,801 |
$ 532 |
15,600 |
| Kinsale Capital Group Inc |
$ 8,307 |
$ 1,110 |
$ 272 |
- |
| Old Republic International Corporation |
$ 8,056 |
$ 7,663 |
$ 920 |
8,200 |
| Oxbridge Re Holdings Limited |
$ 6,633 |
$ 1 |
$ -1 |
2 |
| Rli Corp |
$ 6,259 |
$ 1,439 |
$ 288 |
902 |
| Essent Group Ltd |
$ 5,113 |
$ 1,043 |
$ 668 |
366 |
| Mgic Investment Corp |
$ 5,025 |
$ 1,163 |
$ 720 |
800 |
| Axis Capital Holdings Ltd |
$ 4,775 |
$ 5,610 |
$ 567 |
1,225 |
| Hanover Insurance Group Inc |
$ 4,412 |
$ 5,943 |
$ -84 |
4,800 |
| Enstar Group Ltd |
$ 4,160 |
$ 1,131 |
$ 930 |
1,327 |
| Assured Guaranty ltd |
$ 4,123 |
$ 1,338 |
$ 464 |
300 |
| Radian Group Inc |
$ 4,015 |
$ 1,369 |
$ 480 |
1,881 |
| Kemper Corporation |
$ 2,771 |
$ 5,134 |
$ -84 |
5,600 |
| State Auto Financial Corporation |
$ 2,324 |
$ 1,659 |
$ 72 |
2,065 |
| Nmi Holdings Inc |
$ 2,277 |
$ 561 |
$ 312 |
243 |
| Mercury General Corporation |
$ 2,032 |
$ 4,407 |
$ -102 |
4,500 |
| Siriuspoint Ltd |
$ 1,761 |
$ 2,829 |
$ 258 |
- |
| Palomar Holdings Inc |
$ 1,492 |
$ 359 |
$ 72 |
- |
| Horace Mann Educators Corporation |
$ 1,372 |
$ 1,448 |
$ -75 |
1,350 |
| Skyward Specialty Insurance Group Inc |
$ 1,275 |
- |
$ 0 |
- |
| Lemonade Inc |
$ 1,229 |
$ 403 |
$ -258 |
- |
| Safety Insurance Group inc |
$ 1,131 |
$ 899 |
$ 31 |
622 |
| Brookfield Reinsurance Ltd |
$ 1,078 |
- |
$ 0 |
- |
| Selective Insurance Group Inc |
$ 1,025 |
$ 4,074 |
$ 327 |
- |
| Amerisafe Inc |
$ 1,001 |
$ 307 |
$ 64 |
449 |
| Employers Holdings Inc |
$ 984 |
$ 847 |
$ 120 |
716 |
| Hci Group Inc |
$ 842 |
$ 508 |
$ 51 |
225 |
| Tiptree Inc |
$ 697 |
$ 1,625 |
$ 5 |
929 |
| Ambac Financial Group Inc |
$ 695 |
$ 341 |
$ 60 |
- |
| Proassurance Corporation |
$ 666 |
$ 1,135 |
$ -31 |
938 |
| Prosight Global Inc |
$ 574 |
$ 826 |
$ 49 |
- |
| Donegal Group Inc |
$ 572 |
$ 911 |
$ 10 |
- |
| United Fire Group Inc |
$ 536 |
$ 1,174 |
$ 36 |
1,057 |
| Universal Insurance Holdings Inc |
$ 495 |
$ 1,346 |
$ 72 |
392 |
| Global Indemnity Group Llc |
$ 479 |
$ 613 |
$ 43 |
460 |
| Greenlight Capital Re Ltd |
$ 388 |
$ 657 |
$ 158 |
30 |
| American Coastal Insurance Corporation |
$ 363 |
- |
$ -592 |
- |
| James River Group Holdings Ltd |
$ 355 |
$ 903 |
$ 124 |
367 |
| Mbia Inc |
$ 347 |
$ 95 |
$ -407 |
252 |
| Watford Holdings Ltd |
$ 335 |
$ 1,006 |
$ 373 |
- |
| Protective Insurance Corporation |
$ 333 |
$ 518 |
$ 40 |
- |
| Trean Insurance Group Inc |
$ 315 |
$ 276 |
$ 29 |
- |
| Ni Holdings Inc |
$ 275 |
$ 361 |
$ -22 |
- |
| Heritage Insurance Holdings Inc |
$ 251 |
$ 723 |
$ 27 |
247 |
| Hippo Holdings Inc |
$ 207 |
$ 181 |
$ -284 |
600 |
| Omnichannel Acquisition Corp. |
$ 206 |
- |
$ 6 |
- |
| Kingsway Financial Services Inc |
$ 188 |
$ 103 |
$ 63 |
305 |
| Maiden Holdings Ltd |
$ 175 |
$ 74 |
$ -10 |
204 |
| Root Inc |
$ 138 |
$ 332 |
$ -191 |
- |
| Metromile Inc |
$ 135 |
$ 21 |
$ -34 |
- |
| Icc Holdings Inc |
$ 46 |
$ 81 |
$ 4 |
- |
| Kingstone Companies Inc |
$ 32 |
$ 145 |
$ -13 |
69 |
| Fg Financial Group Inc |
$ 13 |
$ 29 |
$ 9 |
- |
| Conifer Holdings Inc |
$ 12 |
$ 106 |
$ -4 |
133 |
| Atlas Financial Holdings Inc |
$ 3 |
$ 3 |
$ -13 |
- |
| Hallmark Financial Services inc |
$ 1 |
- |
$ -80 |
411 |
| Fednat holding company |
$ 0 |
$ 235 |
$ -128 |
297 |
| Unico American Corporation |
$ 0 |
$ 15 |
$ -13 |
86 |
| White Mountains Insurance Group ltd |
- |
$ 1,779 |
$ 280 |
2,973 |
| Aspen Insurance Holdings Limited |
- |
$ 2,890 |
$ 51 |
- |
| Brookfield Asset Management Reinsurance Partners L |
- |
$ 7,344 |
$ -44 |
- |
| International General Insurance Holdings Ltd |
- |
- |
$ 44 |
- |
| Amerinst Insurance Group Ltd |
- |
$ 2 |
$ -3 |
22 |
| Property & Casualty Insurance Industry |
$ 1,089,192 |
$ 788,484 |
$ 116,942 |
330,620 |
Recent News from Property & Casualty Insurance Industry |
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Financing Agreement
Axis Capital Holdings Ltd. Closes First 144A Cyber Catastrophe Bond and Demonstrates Impressive Productivity Growth
Axis Capital Holdings Limited (NYSE: AXS), a leading global insurer, recently announced the successful closure of the markets first 144A cyber catastrophe bond. This innovative transaction, worth $75 million, provides the company's subsidiaries with fully collateralized indemnity reinsurance protection for systemic cyber events on a per occurrence basis. The bond was issued by Long Walk Reinsurance Ltd., marking a significant milestone in the insurance industry's efforts to address the growing threat of cyber risks.
The 144A cyber catastrophe bond represents an important development in the insurance market. The increasing frequency and sophistication of cyberattacks have made cyber risk one of the most significant threats faced by companies today. Traditional insurance policies often have limitations in covering such events, leading to gaps in coverage and potential financial losses. By introducing this unique form of coverage, Axis Capital demonstrates its determination to stay at the forefront of the industry's evolving risk landscape.
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Product Service News
In a recent announcement, Radian Group Inc. shared the tremendous success of its annual Opens Doors Opens Hearts fundraising campaign, which raised $216,090 for the MBA Opens Doors Foundation. This notable achievement surpassed the company's set fundraising goal by more than double. Additionally, an analysis of Radian Group Inc.'s financial performance reveals both positive and negative trends in terms of revenue and cost of revenue among its corporate clients.
Fact 1: Successful Fundraising Campaign
Radian Group Inc.'s annual Opens Doors Opens Hearts fundraising campaign resulted in a total of $216,090 in donations. The campaign, which aims to support the MBA Opens Doors Foundation in providing mortgage and rental assistance to those caring for critically ill or injured children, received contributions from over 200 donors, surpassing the company's fundraising goal.
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Stock Transactions
In line with its previously announced tender offer, American International Group, Inc. (AIG) has unveiled the pricing terms for several debt securities that have been tendered and accepted for purchase. This article will outline the key facts and figures related to AIG's tender offer and provide context to the company's current standing in the market.
1. AIG?s Tender Offer and Pricing Terms:
AIG has recently disclosed the pricing terms for its ongoing tender offer, where the company aims to purchase outstanding notes and debentures, collectively referred to as the Securities. The pricing terms have been released for the series of Securities that have been validly tendered on or before the Early Participation Date and accepted for purchase by AIG.
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Product Service News
In a recent press release, HCI Group, Inc. (NYSE: HCI), a prominent holding company with operations in various sectors including homeowners insurance, information technology services, real estate, and reinsurance, announced that its largest subsidiary, Homeowners Choice Property and Casualty Insurance Company, has successfully assumed over 53,000 policies from Citizens Property Insurance Corporation. This move signifies a significant milestone for HCI Group as it expands its reach in the insurance market.
The transfer of these policies from Citizens Property Insurance Corporation, which is Florida's state-backed insurance company, demonstrates HCI Group's commitment to providing reliable insurance coverage to residents in the region. With this acquisition, Homeowners Choice Property and Casualty Insurance Company will now serve a larger customer base, bolstering its position as a top insurance provider.
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Amerinst Insurance Group Ltd
Amerinst Insurance Group Ltd, a prominent player in the insurance industry, recently released its financial results for the fiscal period of July to September 2023. The company reported a significant increase in its per share shortfall compared to the previous year, indicating some challenges in its operations. AIGT saw a shortfall per share of $-1.18, higher than the $-0.71 reported a year prior, and a growth in shortfall from $-0.90 in the preceding reporting period.
Despite the concerning shortfall, Amerinst Insurance Group Ltd experienced substantial revenue growth during this period. The company's revenue rose by an impressive 16.498% to $0.57 million, compared to $0.49 million in the same reporting period a year ago. Sequentially, the revenue advanced by 12.233% from $0.51 million, showcasing a consistent upward trend.
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Hallmark Financial Services Inc
Hallmark Financial Services Inc, a Property and Casualty Insurance company, has recently released its third quarter earnings report for 2023. Despite experiencing a significant increase in revenue of 9.591% to $41.90 million, the company has also reported a larger loss per share when compared to the same period last year. The loss per share has extended to $-11.83 from $-1.55.
While the revenue growth seems promising, Hallmark Financial Services Inc has fallen behind its industry peers in terms of business growth. The company's business surge has only reached an average of 15.47% relative to the third quarter of 2022. This indicates that other players in the Property and Casualty Insurance industry have experienced higher growth rates during this period.
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Dividend
HAMILTON, Bermuda - International General Insurance Holdings Ltd. (IGI), an international specialty risks commercial insurer and reinsurer, recently announced its declaration of an ordinary common share dividend of $0.01 per share for the period from July 1, 2023, to September 30, 2023. This news is set to have a significant impact on the shareholders, continuing the success of the company and reinforcing its commitment to delivering value.
IGI has always prioritized the interests of their shareholders, and this dividend declaration is a testament to their dedication. The dividend, payable on December 14, 2023, is a reward for the trust and investment placed in the company by its shareholders. It reinforces IGI's stability and profitability, making it an attractive proposition for both existing and potential investors.
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American Coastal Insurance Corporation
American Coastal Insurance Corporation (ACIC) recently announced its positive financial results for the fiscal interval ending September 30, 2023. The company's profits turned positive at $0.24 per share, a significant improvement from the loss of $-1.65 per share reported in the previous year's reporting season. However, the net profit per share witnessed a decline of 41.46% compared to the preceding reporting season, falling from $0.41 per share to $-79.30 million.
In the most recent fiscal period, ACIC reported a net shortfall of $-10.568 million, a substantial improvement from the deficit of $-70.884 million reported in the same reporting season a year ago. This improvement in the company's financial performance indicates positive growth and a potential turnaround in its profitability.
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Icc Holdings Inc
Icc Holdings Inc, a Property and Casualty Insurance company, recently released its financial results for the third quarter of 2023. While the company witnessed a year-on-year increase in revenue, it reported a loss per share. Additionally, Icc Holdings Inc's top-line gain fell short compared to the overall industry performance. Let's delve into the details and discuss the implications of these results.
Financial Results:
1. Revenue Increase: Icc Holdings Inc reported a significant 11.071% increase in revenue from the same reporting period in the previous year. The company's revenue stood at $19.76 million in the July to September 30, 2023, period.
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Business Update
The Allstate Corporation (NYSE: ALL) recently announced implemented auto and homeowners insurance rates for October 2023 as part of their comprehensive plan to improve profitability. The rate increases for Allstate brand auto insurance have resulted in a premium impact of 10.4% since the beginning of the year, and this is expected to raise annualized written premiums significantly. Additionally, Allstate's corporate customers have seen a 2.63% increase in their cost of revenue in the third quarter of 2023 compared to the previous year, indicating continued growth in the company's performance.
During the corresponding time, Allstate Corp recorded a 9.76% increase in revenue year on year, with a sequential growth of 3.71%. The company's corporate clients also experienced an impressive revenue increase, with a 14.69% rise year on year and a 0.36% sequential growth. These numbers indicate that Allstate's business partners, particularly in the Real Estate Investment Trusts industry and Insurance Brokerage industry, have been driving the company's revenue growth.
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