U.S. Insurance Low Leverage High Rewards

Donegal Group

Market Cap: US$681.6m

An insurance holding company, provides commercial and personal lines of property and casualty coverages.

Safety Insurance Group

Market Cap: US$1.0b

Provides private passenger and commercial automobile, and homeowner insurance in Massachusetts, the United States.

Erie Indemnity

Market Cap: US$11.8b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

American International Group

Market Cap: US$39.9b

Provides insurance products for commercial, institutional, and individual customers in North America and internationally.

Principal Financial Group

Market Cap: US$24.0b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Universal Insurance Holdings

Market Cap: US$1.1b

Operates as an integrated insurance holding company in the United States.

Old Republic International

Market Cap: US$9.4b

Through its subsidiaries, provides insurance underwriting and related services in the United States and Canada.

Everest Group

Market Cap: US$13.4b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Cincinnati Financial

Market Cap: US$26.6b

Provides property casualty insurance products in the United States.

RLI

Market Cap: US$5.0b

An insurance holding company, provides property, casualty, and surety insurance products.

Horace Mann Educators

Market Cap: US$2.0b

Operates as an insurance holding company in the United States.

CNA Financial

Market Cap: US$12.3b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

First American Financial

Market Cap: US$6.9b

Through its subsidiaries, provides financial services.

Unum Group

Market Cap: US$14.7b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Aflac

Market Cap: US$59.8b

Through its subsidiaries, provides supplemental health and life insurance products.

Stewart Information Services

Market Cap: US$2.0b

Through its subsidiaries, provides title insurance and real estate transaction related services in the United States and internationally.

Progressive

Market Cap: US$119.6b

Operates as an insurance company in the United States.

Employers Holdings

Market Cap: US$843.7m

Through its subsidiaries, provides workers' compensation insurance and services in the United States.

American Financial Group

Market Cap: US$11.2b

An insurance holding company, provides property and casualty insurance products in the United States.

Waterdrop

Market Cap: US$459.9m

Through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People’s Republic of China.

AMERISAFE

Market Cap: US$584.7m

An insurance holding company, underwrites workers’ compensation insurance in the United States.

International General Insurance Holdings

Market Cap: US$1.0b

International General Insurance Holdings Ltd.

W. R. Berkley

Market Cap: US$26.6b

An insurance holding company, operates as a commercial line writer worldwide.

Investors Title

Market Cap: US$479.6m

Through its subsidiaries, engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties.