Top U.S. Insurance Dividend Stocks

Top U.S. Insurance Dividend Stocks

UPDATED Jun 26, 2022

What are the best U.S. Insurance Dividend Stocks?

According to our Simply Wall St analysis these are the best U.S. Insurance dividend companies. We look for companies with high quality dividends and healthy balance sheets to find the top Dividend Stocks.

Our criteria to find Top Dividend Companies

High Yield

  • Companies with a high dividend yield are more attractive due to the higher expected income for each dollar invested.
  • Yields vary between markets, so we focus on the top dividend payers in each market.

What do we look for?

  • Is the yield in the top 25% of the market's dividend payers.

Consistent Dividends

  • Companies with a strong track record of paying a consistent and growing dividend are the most attractive.
  • If the dividend has been cut substantially in the past, then it's difficult to be confident about future payments.

What do we look for?

  • Has the dividend been stable over the last 10 years.
  • Has the dividend grown over the last 10 years.

Dividend Cover

  • Ideally the company doesn't pay out all of its earnings, neglecting future growth.
  • If a company is unable to afford its dividend, then it will probably lead to a dividend cut and share price erosion.

What do we look for?

  • Are dividends covered by earnings.
  • Are dividends forecast to be covered by earnings in the future.

Healthy Balance Sheet

  • Investors want to make sure the company is positioned to cover its debts. Repayments on debt typically take priority over shareholder return initiatives.

What do we look for?

  • Does the company have a manageable level of debt.
  • Is the company able to cover its interest repayments.

4 companies meet this criteria in the U.S. market

Donegal Group Inc., an insurance holding company, provides personal and commercial lines of property and casualty insurance to businesses and individuals.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Notable Dividend

  • High Dividend: DGIC.A's dividend (3.91%) is low compared to the top 25% of dividend payers in the US market (4.24%).

  • Future Dividend Coverage

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Rewards

  • Trading at 28.5% below our estimate of its fair value

  • Earnings are forecast to grow 25.86% per year

Risks

  • Profit margins (3.4%) are lower than last year (7.5%)

View all Risks and Rewards

The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: ALL's dividend (2.67%) is low compared to the top 25% of dividend payers in the US market (4.24%).

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Rewards

  • Trading at 51.8% below our estimate of its fair value

  • Earnings are forecast to grow 22.85% per year

Risks

  • Significant insider selling over the past 3 months

  • Profit margins (6.6%) are lower than last year (15.5%)

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Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: RE's dividend (2.33%) is low compared to the top 25% of dividend payers in the US market (4.24%).

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Rewards

  • Trading at 64% below our estimate of its fair value

  • Earnings are forecast to grow 17.96% per year

  • Earnings grew by 58.9% over the past year

Risks

No risks detected for RE from our risks checks.

View all Risks and Rewards

Universal Insurance Holdings, Inc., together with its subsidiaries, operates as an integrated insurance holding company in the United States.

Dividend Criteria

  • Growing Dividend

  • High Dividend: UVE's dividend (5.94%) is in the top 25% of dividend payers in the US market (4.24%)

  • Notable Dividend

  • Future Dividend Coverage

  • Earnings Coverage

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 5.9% below our estimate of its fair value

  • Earnings are forecast to grow 60.13% per year

Risks

  • Significant insider selling over the past 3 months

  • Profit margins (1%) are lower than last year (2.3%)

View all Risks and Rewards
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