CSIMarket
 
Financial Sector

Property & Casualty Insurance Industry  




Data by Company within Property & Casualty Insurance Industry


  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
Financing Agreement

Axis Capital Holdings Ltd. Innovates with First 144A Cyber Catastrophe Bond and Demonstrates Strong Productivity Growth

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.

Product Service News

Radian Group Inc.'s Fundraising Triumph and Corporate Revenue Analysis: Navigating Opportunities and Challenges



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.

Stock Transactions

AIG's Tender Offer Spurs Enthusiastic Response and Strengthens Market Presence



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.

Product Service News

HCI Group Insurance Subsidiary Takes on 53,750 Policies from CitizensBy


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.

Amerinst Insurance Group Ltd

Amerinst Insurance Group Ltd Reports Impressive Revenue Growth, Despite Challenges in Operations

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.

Hallmark Financial Services Inc

Hallmark Financial Services Inc's Revenue Climbs, But So Does Its Deficit in 2023

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.

Dividend

IGI Reinforces Commitment to Shareholders with Dividend Declaration


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.

American Coastal Insurance Corporation

American Coastal Insurance Corporation Makes Waves with Positive Financial Results

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.

Icc Holdings Inc

Unyielding Revenue Growth but Elusive Profitability: Icc Holdings Inc's Disappointing Q3 Earnings Season



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.

Business Update

Allstate's Strong Performance in Q3 2023 Amidst Rising Rates and Resilient Corporate Clients


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.







Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2023 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com