U.S. Insurance Low Leverage High Rewards

Safety Insurance Group

Market Cap: US$1.1b

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

Erie Indemnity

Market Cap: US$14.8b

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

Employers Holdings

Market Cap: US$1.0b

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

Donegal Group

Market Cap: US$697.0m

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

Hanover Insurance Group

Market Cap: US$6.0b

Through its subsidiaries, provides various property and casualty insurance products and services in the United States.

American International Group

Market Cap: US$39.4b

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

Fidelity National Financial

Market Cap: US$14.3b

Provides various insurance products in the United States.

Allstate

Market Cap: US$50.3b

Provides property and casualty, and other insurance products in the United States and Canada.

Principal Financial Group

Market Cap: US$19.4b

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

Cincinnati Financial

Market Cap: US$25.3b

Provides property casualty insurance products in the United States.

RLI

Market Cap: US$5.5b

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

Everest Group

Market Cap: US$13.4b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Universal Insurance Holdings

Market Cap: US$836.7m

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

Selective Insurance Group

Market Cap: US$4.9b

Provides insurance products and services in the United States.

CNA Financial

Market Cap: US$12.6b

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

Aflac

Market Cap: US$57.4b

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

Progressive

Market Cap: US$118.7b

Operates as an insurance company in the United States.

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.

First American Financial

Market Cap: US$6.2b

Through its subsidiaries, provides financial services.

Unum Group

Market Cap: US$12.7b

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

American Financial Group

Market Cap: US$10.9b

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

Old Republic International

Market Cap: US$10.5b

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

AMERISAFE

Market Cap: US$721.0m

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

American Coastal Insurance

Market Cap: US$539.8m

Through its subsidiaries, primarily engages in the commercial and personal property and casualty insurance business in the United States.

Investors Title

Market Cap: US$478.5m

Engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties.

W. R. Berkley

Market Cap: US$25.8b

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