Industry Framework

Insurance & Reinsurance

Analyze insurers through underwriting discipline, float quality, and solvency rather than generic industrial ratios.

Insurance companies run on two engines at once: underwriting profit and investment income earned on float. That makes many standard industrial cash-flow ratios noisy or misleading. The StatsAlpha(TM) insurance framework focuses on premium growth, underwriting margin proxies, ROE, solvency, float quality, peer ranges, and insurer-specific moat signals. It is built for informational analysis, not investment advice.

Money Flow Engine: Insurance & Reinsurance Moat Template: Insurance & Reinsurance Fair Value Lens: Insurance Trade-Off Cluster: Insurance (Life, P&C, Reinsurance)
Coverage
137
Companies currently mapped to this framework
Median Composite
45.7
Live Snapshot

Industry Fingerprint

A quick read on where this framework looks strongest today.

Strongest Pillar
Valuation
Median 49.9
Weakest Pillar
Health
Median 42.9
Money Flow Engine
Insurance & Reinsurance
Moat Template
Insurance & Reinsurance
Fair Value Lens
Insurance
Trade-Off Cluster
Insurance (Life, P&C, Reinsurance)
Leaderboard snapshot

Who Leads This Framework

Top slices selected from the strongest data already available for this industry.

Moat rankings only appear when moat coverage is deep enough to trust.
Highest Composite Score

Top 5 companies by current framework view

5 tracked
  • ERIE
    Erie Indemnity Company
    61.2
    Framework score 61/100
  • MMC
    Marsh & McLennan Companies, Inc
    61.1
    Framework score 61/100
  • PLMR
    Palomar Holdings, Inc.
    58.2
    Framework score 58/100
  • PRI
    Primerica, Inc.
    57.0
    Framework score 57/100
  • KNSL
    Kinsale Capital Group, Inc.
    56.6
    Framework score 57/100
Top Growth Leaders

Top 5 companies by current framework view

5 tracked
  • ABL
    Abacus Life, Inc.
    78.7
    Framework score 79/100
  • PLMR
    Palomar Holdings, Inc.
    71.7
    Framework score 72/100
  • BHFAN
    Brighthouse Financial, Inc. - d
    71.3
    Framework score 71/100
  • BHFAM
    Brighthouse Financial, Inc. - D
    71.3
    Framework score 71/100
  • BHFAO
    Brighthouse Financial, Inc. - D
    71.3
    Framework score 71/100
Top Profitability Leaders

Top 5 companies by current framework view

5 tracked
  • MMC
    Marsh & McLennan Companies, Inc
    71.5
    Framework score 71/100
  • KNSL
    Kinsale Capital Group, Inc.
    67.8
    Framework score 68/100
  • ALL-PH
    Allstate Corporation (The) Depo
    66.7
    Framework score 67/100
  • HCI
    HCI Group, Inc.
    66.1
    Framework score 66/100
  • ALL
    Allstate Corporation (The)
    65.0
    Framework score 65/100
Top Valuation Leaders

Top 5 companies by current framework view

5 tracked
  • RELIW
    Reliance Global Group, Inc. - S
    100.0
    Framework score 100/100
  • OXBRW
    Oxbridge Re Holdings Limited
    78.1
    Framework score 78/100
  • ABL
    Abacus Life, Inc.
    75.5
    Framework score 76/100
  • AFL
    AFLAC Incorporated
    73.6
    Framework score 74/100
  • MET-PA
    MetLife, Inc. Preferred Series
    70.2
    Framework score 70/100
Narrative Pulse

How the framework sounds in motion

Recurring storylines, tone distribution, and representative beats pulled from active companies inside this setup.

Signal View
Live beats only
01
Top Scene
Engine Room
56 active beats
02
Top Scene
Balance Sheet
39 active beats
03
Top Scene
Capital Allocation
8 active beats
KNSL Capital Allocation

Value accretive core - ROIC beat WACC by more than 5pp in 5 of the last 5 fiscal years

Positive

ROIC 22.9% vs WACC 9.8% in FY2025 (spread 13.1pp). Average spread 12.1pp over 5 years; lowest 7.1pp.

HCI Engine Room

Operating leverage at work

Positive

Revenue growing +20.3% YoY vs OpEx -18.0% - 38.3pp operating leverage (OpMargin: 47.6%)

TWFG Capital Allocation

Value accretive core - ROIC beat WACC by more than 5pp in 4 of the last 4 fiscal years

Positive

ROIC 39.4% vs WACC 10.0% in FY2025 (spread 29.4pp). Average spread 26.1pp over 4 years; lowest 23.1pp.

For informational purposes only. Not investment advice.

Driver Patterns

What wins here

Metrics that recur most often across stronger operators in this framework.

Repeated strength markers
FCF Margin
Appears 129 times in higher-scoring names
Efficiency
54
Average normalized score
129x
Operating Cash Flow Margin
Appears 129 times in higher-scoring names
Efficiency
54
Average normalized score
129x
Debt/FCF Ratio
Appears 122 times in higher-scoring names
Health
67
Average normalized score
122x
Interest Coverage Ratio
Appears 115 times in higher-scoring names
Health
62
Average normalized score
115x
Rev Growth YoY
Appears 112 times in higher-scoring names
Growth
58
Average normalized score
112x
FCF Yield
Appears 106 times in higher-scoring names
Valuation
54
Average normalized score
106x
Trade-Off Lens

What this framework must optimize at the same time

Insurance (Life, P&C, Reinsurance)

This framework uses all three Trade-Off Ledger axes with industry-specific weights.

How to read it

Each axis sets a minimum evidence threshold. Higher coverage means the framework needs more supporting signals before the lens is treated as dependable.

Axis Balance

Coverage thresholds and enabled metrics across the core trade-off axes.

For informational purposes only
Growth
5 enabled metrics
Active
Profitability
4 enabled metrics
Active
Safety
4 enabled metrics
Active
Framework Benchmark

Pillar Score Distribution

Median and interquartile range across 137 companies in this framework.

Read the shape Use this to see whether strength is broad-based or concentrated in one pillar.
Growth
Median score
18.3 pt spread
48.5
P25 39.3 P75 57.6
0 50 100
Profitability
Median score
19.8 pt spread
43.9
P25 34.6 P75 54.4
0 50 100
Health
Median score
9.0 pt spread
42.9
P25 39.1 P75 48.1
0 50 100
Efficiency
Median score
15.1 pt spread
47.3
P25 39.1 P75 54.2
0 50 100
Valuation
Median score
19.2 pt spread
49.9
P25 37.5 P75 56.7
0 50 100
Benchmark spread map

Interquartile ranges show where the middle half of companies cluster, with the median pin marking the center of gravity for each pillar.

Pillar
0 25 50 75 100
Growth
P25 39.3 Median 48.5 P75 57.6
Profitability
P25 34.6 Median 43.9 P75 54.4
Health
P25 39.1 Median 42.9 P75 48.1
Efficiency
P25 39.1 Median 47.3 P75 54.2
Valuation
P25 37.5 Median 49.9 P75 56.7
Coverage Universe

Explore Matched Companies

Scan the full company universe mapped into the Insurance & Reinsurance framework using live search across company name, ticker, and industry.

Matched companies 137 Informational only. Not investment advice.
137 shown
Company Market Cap Score Price Strongest Pillar
Insurance - Diversified
1.19T
55.0 Composite
$834,641.00 Latest close
Health 59.7
Insurance - Diversified
1.19T
53.8 Composite
$556.11 Latest close
Health 58.1
Insurance - Property & Casualty
140.98B
50.1 Composite
$368.98 Latest close
Profitability 59.2
Insurance - Property & Casualty
135.56B
51.9 Composite
$233.92 Latest close
Profitability 59.2
Insurance Brokers
89.56B
61.1 Composite
$171.94 Latest close
Profitability 71.5
Insurance - Property & Casualty
81.73B
51.2 Composite
$398.80 Latest close
Profitability 63.4
74.39B
47.4 Composite
$44.76 Latest close
Valuation 64.4
Insurance Brokers
71.51B
49.4 Composite
$278.89 Latest close
Valuation 64.4
Insurance Brokers
70.73B
53.4 Composite
$333.38 Latest close
Valuation 64.7
Insurance - Property & Casualty
66.75B
52.1 Composite
$263.99 Latest close
Growth 67.5
Insurance - Life
64.15B
45.6 Composite
$100.94 Latest close
Valuation 59.7
Insurance - Life
62.46B
53.1 Composite
$124.59 Latest close
Valuation 73.6
Insurance - Diversified
44.67B
44.1 Composite
$80.63 Latest close
Health 60.6
Insurance - Diversified
43.09B
44.0 Composite
$82.40 Latest close
Valuation 57.8
Insurance - Life
41.45B
45.3 Composite
$20.70 Latest close
Valuation 70.2
Insurance - Life
40.84B
43.7 Composite
$118.30 Latest close
Valuation 61.0
Insurance - Life
39.96B
45.3 Composite
$20.26 Latest close
Valuation 70.2
Insurance - Diversified
36.29B
46.4 Composite
$109.31 Latest close
Efficiency 56.4
Insurance - Property & Casualty
36.24B
51.3 Composite
$135.52 Latest close
Profitability 60.3
31.92B
51.4 Composite
$25.05 Latest close
Profitability 57.8
Insurance - Property & Casualty
31.64B
54.9 Composite
$17.90 Latest close
Growth 67.3
Insurance Brokers
30.02B
49.0 Composite
$325.51 Latest close
Valuation 57.6
Insurance - Property & Casualty
28.21B
52.6 Composite
$183.78 Latest close
Valuation 60.2
Insurance - Property & Casualty
27.42B
44.7 Composite
$75.16 Latest close
Valuation 52.7
Insurance Brokers
23.84B
55.5 Composite
$71.88 Latest close
Profitability 63.3
Insurance - Property & Casualty
23.29B
52.4 Composite
$1,904.42 Latest close
Profitability 62.6
Insurance - Property & Casualty
22.76B
44.2 Composite
$111.34 Latest close
Efficiency 51.5
Insurance - Property & Casualty
18.36B
50.5 Composite
$21.73 Latest close
Profitability 60.9
Insurance - Reinsurance
17.46B
47.8 Composite
$267.41 Latest close
Growth 63.5
Insurance - Reinsurance
15.47B
47.4 Composite
$417.72 Latest close
Valuation 61.9
Insurance - Diversified
14.78B
34.9 Composite
$41.34 Latest close
Efficiency 65.4
Insurance - Property & Casualty
14.66B
46.2 Composite
$297.23 Latest close
Efficiency 51.5
Insurance - Life
14.41B
48.0 Composite
$91.02 Latest close
Valuation 67.8
Insurance - Reinsurance
14.18B
51.0 Composite
$350.94 Latest close
Profitability 56.1
Insurance - Property & Casualty
12.97B
41.8 Composite
$47.92 Latest close
Valuation 53.8
Insurance - Diversified
12.93B
40.6 Composite
$8.22 Latest close
Valuation 50.0
Insurance - Property & Casualty
12.87B
48.4 Composite
$155.17 Latest close
Valuation 62.0
Insurance - Life
12.28B
50.0 Composite
$159.79 Latest close
Growth 62.8
Insurance Brokers
12.07B
61.2 Composite
$273.93 Latest close
Valuation 65.7
Insurance - Diversified
11.87B
46.0 Composite
$17.91 Latest close
Efficiency 56.4
Insurance - Specialty
11.44B
48.5 Composite
$45.48 Latest close
Efficiency 76.8
Insurance - Specialty
11.31B
48.9 Composite
$42.18 Latest close
Efficiency 66.7
Insurance - Life
9.32B
45.4 Composite
$137.64 Latest close
Efficiency 64.0
Insurance - Property & Casualty
9.24B
48.4 Composite
$38.93 Latest close
Valuation 57.6
Insurance - Life
8.73B
57.0 Composite
$283.52 Latest close
Growth 63.2
Insurance - Property & Casualty
8.55B
56.6 Composite
$379.61 Latest close
Profitability 67.8
Insurance - Property & Casualty
8.54B
45.7 Composite
$248.40 Latest close
Efficiency 51.3
Insurance - Life
7.97B
42.3 Composite
$41.63 Latest close
Profitability 46.2
Insurance - Specialty
7.65B
45.7 Composite
$106.60 Latest close
Growth 62.0
Insurance - Diversified
7.58B
44.8 Composite
$22.47 Latest close
Growth 69.4
Insurance - Specialty
6.75B
44.9 Composite
$66.16 Latest close
Growth 63.0
Insurance - Specialty
6.62B
50.6 Composite
$48.15 Latest close
Profitability 54.8
Insurance - Reinsurance
6.57B
51.5 Composite
$18.91 Latest close
Efficiency 68.2
Insurance - Property & Casualty
6.17B
52.6 Composite
$67.24 Latest close
Valuation 60.8
Insurance - Specialty
6.13B
48.6 Composite
$68.24 Latest close
Profitability 53.4
Insurance - Property & Casualty
5.94B
44.4 Composite
$100.76 Latest close
Valuation 51.5
Insurance - Specialty
5.94B
53.3 Composite
$28.94 Latest close
Profitability 56.7
Insurance - Property & Casualty
5.75B
48.7 Composite
$103.73 Latest close
Growth 57.8
Insurance - Property & Casualty
5.46B
44.2 Composite
$15.89 Latest close
Valuation 66.8
Insurance - Property & Casualty
5.46B
46.9 Composite
$2,317.42 Latest close
Growth 65.1
Insurance - Life
5.36B
46.4 Composite
$58.49 Latest close
Valuation 59.9
Insurance - Specialty
4.79B
46.2 Composite
$36.17 Latest close
Efficiency 68.6
Insurance Brokers
4.45B
44.4 Composite
$31.92 Latest close
Health 58.6
Insurance Brokers
4.20B
49.6 Composite
$83.23 Latest close
Profitability 59.8
Insurance - Property & Casualty
3.82B
58.2 Composite
$145.02 Latest close
Efficiency 81.3
Insurance - Reinsurance
3.57B
49.2 Composite
$36.28 Latest close
Profitability 53.5
Insurance - Life
3.40B
35.6 Composite
$8.99 Latest close
Valuation 46.2
Insurance - Specialty
3.27B
49.0 Composite
$43.42 Latest close
Growth 59.4
Insurance - Property & Casualty
3.19B
34.9 Composite
$41.19 Latest close
Efficiency 48.1
Insurance - Specialty
3.16B
45.9 Composite
$71.93 Latest close
Valuation 57.2
Insurance - Reinsurance
3.02B
42.9 Composite
$26.01 Latest close
Efficiency 55.5
Insurance - Life
2.84B
40.2 Composite
$21.70 Latest close
Efficiency 56.0
Insurance - Property & Casualty
2.71B
46.7 Composite
$61.13 Latest close
Growth 56.9
Insurance - Life
2.68B
42.9 Composite
$12.53 Latest close
Growth 68.4
Insurance - Property & Casualty
2.51B
56.6 Composite
$201.43 Latest close
Profitability 66.1
Insurance - Life
2.50B
37.6 Composite
$43.55 Latest close
Growth 55.0
Insurance - Diversified
2.14B
37.3 Composite
$25.07 Latest close
Growth 41.3
Insurance - Property & Casualty
2.07B
27.1 Composite
$35.08 Latest close
Efficiency 44.9
Insurance - Property & Casualty
1.94B
46.3 Composite
$47.78 Latest close
Efficiency 65.1
Insurance Brokers
1.82B
49.6 Composite
$51.35 Latest close
Valuation 59.2
Insurance Brokers
1.55B
54.2 Composite
$28.60 Latest close
Health 57.4
Insurance - Property & Casualty
1.53B
44.0 Composite
$104.24 Latest close
Valuation 54.0
Insurance - Property & Casualty
1.47B
43.1 Composite
$57.08 Latest close
Efficiency 51.0
Insurance - Property & Casualty
1.40B
47.4 Composite
$45.73 Latest close
Health 58.9
Insurance - Property & Casualty
1.36B
48.0 Composite
$49.03 Latest close
Efficiency 62.1
Insurance - Property & Casualty
1.35B
40.7 Composite
$30.75 Latest close
Growth 49.7
Insurance - Property & Casualty
1.29B
31.2 Composite
$25.00 Latest close
Valuation 36.6
Insurance - Property & Casualty
1.12B
51.2 Composite
$33.95 Latest close
Efficiency 75.0
Insurance - Property & Casualty
1.06B
47.4 Composite
$35.94 Latest close
Profitability 61.8
Insurance - Diversified
1.04B
49.0 Composite
$24.85 Latest close
Valuation 57.6
Insurance - Property & Casualty
950.40M
41.7 Composite
$35.70 Latest close
Growth 67.9
Insurance - Specialty
809.70M
35.1 Composite
$46.17 Latest close
Valuation 46.8
Insurance - Property & Casualty
801.47M
42.8 Composite
$51.73 Latest close
Growth 51.6
Insurance - Property & Casualty
696.00M
40.8 Composite
$18.75 Latest close
Valuation 52.9
Insurance - Specialty
640.70M
41.2 Composite
$17.59 Latest close
Growth 49.0
Insurance Brokers
605.17M
43.7 Composite
$12.19 Latest close
Valuation 51.5
Insurance Brokers
604.70M
43.7 Composite
$12.44 Latest close
Valuation 51.6
Insurance - Property & Casualty
593.60M
40.7 Composite
$22.87 Latest close
Valuation 52.2
Insurance - Specialty
515.00M
46.6 Composite
$272.75 Latest close
Growth 63.4
Insurance - Property & Casualty
508.87M
48.2 Composite
$10.90 Latest close
Efficiency 73.0
Insurance - Reinsurance
492.60M
32.1 Composite
$15.09 Latest close
Efficiency 42.5
Insurance - Specialty
383.50M
46.7 Composite
$20.70 Latest close
Valuation 69.7
Insurance - Diversified
359.30M
43.2 Composite
$1.00 Latest close
Growth 62.5
Insurance - Property & Casualty
347.70M
35.7 Composite
$23.75 Latest close
Valuation 45.0
Insurance - Property & Casualty
308.70M
30.8 Composite
$15.13 Latest close
Efficiency 51.5
Insurance - Property & Casualty
295.46M
49.7 Composite
$20.41 Latest close
Profitability 60.8
234.27M
33.8 Composite
$5.20 Latest close
Growth 57.4
Insurance - Specialty
233.70M
27.3 Composite
$4.58 Latest close
Growth 36.0
Insurance - Life
188.40M
33.2 Composite
$3.72 Latest close
Valuation 51.5
Insurance - Specialty
183.60M
36.5 Composite
$3.97 Latest close
Valuation 51.9
Insurance Brokers
156.58M
35.0 Composite
$9.68 Latest close
Efficiency 58.6
Insurance Brokers
70.98M
43.2 Composite
$0.40 Latest close
Growth 51.3
Insurance - Diversified
39.40M
0.0 Composite
$18.78 Latest close
No pillar score -
Insurance Brokers
22.03M
39.0 Composite
$2.18 Latest close
Growth 48.8
Insurance - Life
21.40M
49.4 Composite
$1.05 Latest close
Growth 70.8
Insurance Brokers
16.17M
32.3 Composite
$0.50 Latest close
Efficiency 48.1
Insurance Brokers
6.71M
31.0 Composite
$0.26 Latest close
Valuation 48.5
Insurance - Reinsurance
6.50M
47.4 Composite
$0.80 Latest close
Growth 53.4
Insurance Brokers
6.01M
25.6 Composite
$0.34 Latest close
Efficiency 60.8
Insurance Brokers
3.70M
25.2 Composite
$0.16 Latest close
Health 41.5
Insurance Brokers
2.47M
45.2 Composite
$0.03 Latest close
Efficiency 71.5
Insurance - Reinsurance
584,252
49.9 Composite
$0.25 Latest close
Valuation 78.1
Insurance - Life
-
53.5 Composite
$9.56 Latest close
Growth 78.7
Insurance - Specialty
-
0.0 Composite
- No price data
No pillar score -
Insurance - Diversified
-
47.2 Composite
$14.84 Latest close
Efficiency 56.4
Insurance - Life
-
42.1 Composite
$10.32 Latest close
Growth 71.3
Insurance - Life
-
42.1 Composite
$12.76 Latest close
Growth 71.3
Insurance - Life
-
42.1 Composite
$9.19 Latest close
Growth 71.3
Insurance - Property & Casualty
-
0.0 Composite
- No price data
No pillar score -
Insurance - Diversified
-
0.0 Composite
- No price data
No pillar score -
Insurance - Diversified
-
0.0 Composite
$20.48 Latest close
No pillar score -
Insurance - Diversified
-
0.0 Composite
$19.21 Latest close
No pillar score -
Insurance - Diversified
-
0.0 Composite
$19.50 Latest close
No pillar score -
Insurance - Specialty
-
45.7 Composite
- No price data
Efficiency 56.2
Insurance - Reinsurance
-
0.0 Composite
- No price data
No pillar score -
Insurance Brokers
-
27.7 Composite
$0.00 Latest close
Valuation 100.0
Insurance - Property & Casualty
-
44.1 Composite
$14.90 Latest close
Valuation 54.6

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Methodology

How We Analyse Insurance & Reinsurance

This framework combines industry-specific diagnostics, moat context, and peer benchmarks so each signal stays grounded in how this business model actually compounds.

137 companies tracked Insurance & Reinsurance
Read the framework

We group property and casualty insurers, life insurers, specialty writers, reinsurers, and brokers into one insurance framework because their economics are defined by claims reserves, float management, and capital adequacy. The money-flow layer tracks total revenue, claims and losses, acquisition and administrative costs, underwriting result proxies, investment income on float, and capital returns.

The scoring and trade-off layers emphasize the metrics that matter most for insurers: premium and book-value growth, ROE, operating margin as an underwriting proxy, ROA as a float-quality signal, and solvency through equity-to-assets and leverage. Liquidity ratios and generic debt-to-EBITDA screens are intentionally de-emphasized because they do not describe insurance balance sheets well.

On the moat side, StatsAlpha(TM) looks for evidence of underwriting discipline, pricing power, resilient float investment returns, capital strength, operating efficiency, and diversification. Valuation then follows a residual-income logic similar to other financial institutions, because book value and returns on equity are more informative than a generic revenue-to-FCF model. This framework is for informational purposes only, not investment advice.

Signal Stack

Each layer answers a different question: where value is created, what protects it, and how execution compares with the rest of the coverage set.

For informational purposes only
Money Flow Engine Insurance & Reinsurance
Moat Template Insurance & Reinsurance
Fair Value Lens Insurance
Trade-Off Cluster Insurance (Life, P&C, Reinsurance)
Transparency

Benchmarks and narrative cues are meant to clarify what the framework is seeing in the data. They are not investment advice.

01
Frame the universe

Coverage starts with the companies that actually operate inside this business model, so peer comparisons stay relevant instead of generic.

Coverage 137 companies
02
Apply the operating lens

The Insurance & Reinsurance layer isolates the cash-flow mechanics, capital demands, and operating risk that matter most for this industry.

Core lens Insurance & Reinsurance
03
Benchmark durability

We then layer in Insurance & Reinsurance, pillar ranges, and peer leaders to show what strong execution looks like relative to the broader cohort.

Context Insurance & Reinsurance
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