Top 20 Insurance Stocks Ranked by Marvin Scores
Marvin's rules picked 20 insurance stocks across six industries. American Integrity Insurance Group, First American Financial and Slide Insurance Holdings have the highest Overall scores, which compare each company with its own industry.
Insurance covers several different businesses: property and casualty insurers, life insurers, brokers, reinsurers and specialty firms. This list pulls 20 stocks from six insurance-related industries, as of October 2026, and ranks them by Marvin's Overall score.
A high score does not mean a stock will rise. It means the company's numbers look strong next to other companies in its own industry today. A broker's numbers look different from a life insurer's, so compare within an industry.
Check the figures behind each score, such as growth, operating margin, return on equity and debt. Some figures are missing for certain companies, and each blurb notes that where it matters.
The list
How Marvin ranked these stocks
Marvin started with companies above a minimum size threshold. It grouped six related industries: Insurance - Brokers, Diversified, Life, Property & Casualty, Reinsurance and Specialty. It ranked the companies by Overall score, highest first, and kept at most four per industry. Scores run from low to high and are relative to each company's own industry, so a score in one industry is not directly comparable with a score in another.
Companies above about $300 million in size, ranked by Marvin scores (0-100, relative to each company's own industry). The 6 related industries in this group (Insurance - Brokers, Insurance - Diversified, Insurance - Life, Insurance - Property & Casualty, Insurance - Reinsurance, Insurance - Specialty), highest Overall score first; at most 4 per industry.
The stocks, one by one
American Integrity Insurance Group, Inc. AII
American Integrity Insurance Group has an Overall score of 97 and an opportunity score of 97. Revenue grew 35.3%, operating margin is 36.2% and debt-to-equity is a low 0.09. Caution: free cash flow margin is not available, so cash generation can't be checked here.
First American Financial Corporation FAF
First American Financial scores 93 overall, with quality at 72. Revenue grew 21.6% and return on equity is 13.3%, a solid result. Caution: operating margin of 8.3% is thin, and debt-to-equity is not available.
Slide Insurance Holdings, Inc. Common Stock SLDE
Slide Insurance Holdings posts a quality score of 96 and Overall of 94. Operating margin is 52.8%, return on equity is 46.5% and debt-to-equity is just 0.03. Revenue grew 36.5%. Caution: free cash flow margin is missing.
Brown & Brown, Inc. BRO
Brown & Brown, an insurance broker, has an Overall score of 92 and quality of 80. Revenue grew 22.8% with operating margin of 22.8%. Caution: return on equity of 9.6% is modest, and debt-to-equity of 0.64 is higher than many peers on this list.
The Progressive Corporation PGR
Progressive combines a quality score of 94 with return on equity of 34.1%, a strong profitability reading. Revenue grew 16.3% and debt-to-equity is 0.24. Caution: operating margin of 16.2% is lower than several others here, and its opportunity score is 83.
Brighthouse Financial, Inc. BHF
Brighthouse Financial, a life insurer, has an Overall score of 89. Revenue grew 43.2%, a fast pace, while operating margin is 14.7% and return on equity is 12.7%. Caution: those profitability figures are only moderate, and debt-to-equity is 0.48.
The Hartford Insurance Group, Inc. HIG
The Hartford has a high quality score of 87 and return on equity of 22.2%. Operating margin is 17.3% and debt-to-equity is a low 0.22. Caution: revenue growth of 6.9% is modest compared with faster growers on this list.
Cincinnati Financial Corporation CINF
Cincinnati Financial has the top quality score here at 88, with operating margin of 29.8%, return on equity of 20.0% and debt-to-equity of only 0.05. Caution: its opportunity score is 59, and revenue growth of 11.4% is moderate.
Investors Title Company ITIC
Investors Title Company has an Overall score of 86, return on equity of 14.1% and revenue growth of 5.6%. Caution: growth is modest, its quality score is only 65, and operating margin and debt-to-equity are not available.
Marsh & McLennan Companies, Inc. MRSH
Marsh & McLennan, a broker, shows return on equity of 27.1% and operating margin of 21.4%, with revenue growth of 10.3%. Caution: debt-to-equity of 1.61 is the highest among the stocks on this list with that figure.
Exzeo Group, Inc. XZO
Exzeo Group grew revenue 62.0%, the fastest pace of the group apart from one, with operating margin of 48.5% and gross margin of 62.3%. Return on equity is 30.1%. Caution: debt-to-equity is not available, so leverage can't be judged.
Lincoln National Corporation LNC
Lincoln National, a life insurer, has an Overall score of 56 and return on equity of 20.8%. Operating margin is 14.7%. Caution: revenue growth of -1.2% means sales shrank last year, and its quality score is a low 29.
Reinsurance Group of America, Incorporated RGA
Reinsurance Group of America has a quality score of 77 and an opportunity score of 79. Revenue grew 7.2% and debt-to-equity is 0.42. Caution: operating margin of 7.2% is thin and return on equity of 11.0% is modest.
Enact Holdings Inc. ACT
Enact Holdings stands out for operating margin of 69.1% and a quality score of 86, with debt-to-equity of 0.14. Caution: revenue growth of 2.8% is slow, and return on equity is not available.
Arthur J. Gallagher & Co. AJG
Arthur J. Gallagher, a broker, has a quality score of 87 and revenue growth of 20.7%. Caution: return on equity of 6.6% is low, operating margin is 12.6%, and its opportunity score of 65 is among the weaker readings here.
Jackson Financial Inc. JXN
Jackson Financial grew revenue 104.3%, the fastest on this list, and has a quality score of 78. Caution: operating margin of -0.3% is slightly negative and return on equity of 1.0% is very low, so growth has not turned into strong profit.
Berkshire Hathaway Inc. BRK-A
Berkshire Hathaway Class A has a quality score of 94 and return on equity of 11.5%. Caution: revenue growth of 0.0% is essentially flat, its opportunity score is only 37, and operating margin and debt-to-equity are not available.
Berkshire Hathaway Inc. BRK-B
Berkshire Hathaway Class B shares the same company figures as Class A: return on equity of 11.5% and growth of 0.0%. Its quality score is 96. Caution: growth is essentially flat, opportunity is 39, and several figures are missing.
CorVel Corporation CRVL
CorVel has a quality score of 93 and return on equity of 28.2%. Revenue grew 7.0% and gross margin is 24.8%. Caution: its opportunity score of 13 is the lowest on this list, and operating margin and debt-to-equity are not available.
MetLife, Inc. MET
MetLife, a life insurer, has a quality score of 83, revenue growth of 8.6% and return on equity of 13.2%. Caution: operating margin of 6.1% is thin, and debt-to-equity is not available.
Common questions
Why do the insurance stocks on this list come from different industries?
Insurance includes brokers that arrange coverage, insurers that take on risk, life insurers, reinsurers that insure other insurers, and specialty firms. Marvin looks across six related industries and keeps at most four per industry, so one group does not dominate the list.
Why are some figures missing for certain stocks?
Insurers report their finances differently from many other companies, so some measures, such as free cash flow margin or gross margin, are often unavailable or not meaningful. When a figure is missing, the article leaves it out rather than guessing.
Are the two Berkshire Hathaway entries different companies?
No. Class A and Class B are two share classes of the same company, so their business figures are identical. Their scores differ slightly because Marvin scores each listed stock separately.
Keep reading
- Top 15 Financial Services Companies With the Strongest Businesses
- Top 15 Property & Casualty Insurance Stocks
- Top 15 Financial Services Stocks Right Now
- Top 25 Good Companies That Could Be About to Break Out
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Marvin's scores (0-100) compare each company with others in its industry today. Growth and margin figures come from SEC filings. This is general information, not personal investment advice or a recommendation to buy or sell anything. Do your own research.