U.S. Insurance Low Leverage High Rewards

Donegal Group

Market Cap: US$656.6m

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$11.6b

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$39.6b

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

Principal Financial Group

Market Cap: US$23.7b

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

Old Republic International

Market Cap: US$9.3b

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

Universal Insurance Holdings

Market Cap: US$1.1b

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

Cincinnati Financial

Market Cap: US$26.5b

Provides property casualty insurance products in the United States.

Everest Group

Market Cap: US$13.4b

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

RLI

Market Cap: US$4.8b

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.

Unum Group

Market Cap: US$14.6b

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

First American Financial

Market Cap: US$6.9b

Through its subsidiaries, provides financial services.

Aflac

Market Cap: US$59.2b

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$119.5b

Operates as an insurance company in the United States.

Employers Holdings

Market Cap: US$847.0m

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

Waterdrop

Market Cap: US$470.7m

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.

American Financial Group

Market Cap: US$11.1b

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

AMERISAFE

Market Cap: US$583.5m

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

International General Insurance Holdings

Market Cap: US$1.1b

International General Insurance Holdings Ltd.

W. R. Berkley

Market Cap: US$26.5b

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

Investors Title

Market Cap: US$483.4m

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