2019 (Re)Insurer Stock Price Performance
Jan 25, 2020

In this post, we review the 2019 stock price returns for US property and casualty (re)insurers.

The top 5 performing stocks are shown in the graph below. Three of the five are small E&S carriers (PLMR, KNSL, HALL).

If we focus on the largest five P&C stocks (by market cap), we can see that all of them were up considerably over the year. ALL and AIG outperformed the S&P500’s return of 30%.

The table below summarizes the 2019 performance for all US listed P&C (re)insurer stocks.

Summary of 2019 P&C (Re)Insurer Stock Performance

ticker

Company

Total return

Market cap ($m)

BOY price

EOY price

Price return

Div yield

% up days

% down days

PLMR

Palomar Holdings, Inc.

165.9%

1,220

18.99

50.49

165.9%

0.0%

61%

38%

KNSL

Kinsale Capital Group, Inc.

83.2%

2,470

55.69

101.66

82.5%

0.4%

57%

42%

HALL

Hallmark Financial Services, Inc.

63.9%

327

10.72

17.57

63.9%

0.0%

54%

42%

ACGL

Arch Capital Group Ltd.

63.8%

18,230

26.19

42.89

63.8%

0.0%

61%

37%

RNR

RenaissanceRe Holdings Ltd.

51.5%

8,390

130.39

196.02

50.3%

0.8%

54%

45%

AIZ

Assurant, Inc.

48.7%

7,830

90.10

131.08

45.5%

2.2%

60%

39%

TIPT

Tiptree Inc.

48.0%

250

5.63

8.14

44.6%

2.3%

52%

44%

WRB

W.R. Berkley Corporation

46.9%

13,240

48.28

69.10

43.1%

2.6%

60%

38%

HIG

Hartford Financial Services Group, Inc. (The)

43.0%

21,260

43.42

60.77

40.0%

2.2%

58%

41%

CINF

Cincinnati Financial Corporation

42.2%

17,320

75.62

105.15

39.1%

2.2%

60%

40%

BCRH

Blue Capital Reinsurance Holdings Ltd.

41.2%

61

6.11

6.86

12.3%

25.7%

47%

48%

ALL

Allstate Corporation (The)

40.5%

38,320

81.64

112.45

37.7%

2.0%

61%

39%

AIZP

Assurant, Inc.

37.1%

366

99.19

128.62

29.7%

5.8%

54%

40%

RLI

RLI Corp.

35.6%

4,290

67.79

90.02

32.8%

2.1%

56%

43%

AIG

American International Group, Inc.

32.9%

44,420

39.62

51.33

29.6%

2.6%

52%

47%

RE

Everest Re Group, Ltd.

32.7%

11,310

213.66

276.84

29.6%

2.4%

58%

41%

WTM

White Mountains Insurance Group, Ltd.

30.6%

3,520

855.00

1,115.51

30.5%

0.1%

58%

42%

NGHCN

National General Holdings Corp

30.5%

5

20.86

25.17

20.7%

8.1%

55%

41%

ERIE

Erie Indemnity Company

30.1%

8,750

130.20

166.00

27.5%

2.1%

57%

42%

Y

Alleghany Corporation

29.9%

11,580

615.73

799.57

29.9%

0.0%

55%

44%

NGHCO

National General Holdings Corp

29.3%

4

21.00

25.15

19.8%

8.0%

58%

39%

NGHCP

National General Holdings Corp

28.8%

57

21.20

25.32

19.4%

7.9%

54%

40%

AFG

American Financial Group, Inc.

28.6%

9,960

89.47

109.65

22.6%

4.9%

55%

45%

AMSF

AMERISAFE, Inc.

28.4%

1,280

54.97

66.03

20.1%

6.9%

53%

45%

PIH

1347 Property Insurance Holdings, Inc.

28.4%

34

4.30

5.52

28.4%

0.0%

42%

45%

THG

The Hanover Insurance Group, Inc.

28.3%

5,390

115.37

136.67

18.5%

8.3%

56%

43%

PGR

Progressive Corporation (The)

27.5%

44,870

59.23

72.39

22.2%

4.3%

58%

42%

ESGRP

Enstar Group Limited

26.0%

NA

23.68

27.92

17.9%

6.9%

54%

41%

CB

Chubb Limited

24.8%

68,890

127.29

155.66

22.3%

2.0%

56%

44%

ESGR

Enstar Group Limited

23.1%

4,360

168.03

206.86

23.1%

0.0%

54%

45%

ESGRO

Enstar Group Limited

22.8%

NA

23.80

27.27

14.6%

7.1%

57%

39%

ORI

Old Republic International Corporation

20.1%

7,100

20.17

22.37

10.9%

8.3%

58%

39%

AXS

Axis Capital Holdings Limited

19.6%

5,210

51.07

59.44

16.4%

2.7%

52%

46%

TRV

The Travelers Companies, Inc.

19.4%

34,790

117.37

136.95

16.7%

2.3%

59%

40%

HMN

Horace Mann Educators Corporation

19.4%

1,790

37.59

43.66

16.1%

2.8%

54%

44%

KMPR

Kemper Corporation

19.0%

5,130

65.98

77.50

17.5%

1.3%

57%

42%

SAFT

Safety Insurance Group, Inc.

18.5%

1,450

80.95

92.53

14.3%

3.6%

54%

45%

JRVR

James River Group Holdings, Ltd.

17.1%

1,320

35.90

41.21

14.8%

2.0%

54%

43%

L

Loews Corporation

17.0%

15,270

45.08

52.49

16.4%

0.5%

60%

40%

DGICA

Donegal Group, Inc.

12.5%

404

13.73

14.82

7.9%

4.2%

48%

50%

DGICB

Donegal Group, Inc.

12.4%

360

11.80

12.75

8.1%

4.0%

16%

14%

MKL

Markel Corporation

11.8%

16,410

1,022.24

1,143.17

11.8%

0.0%

54%

46%

SIGI

Selective Insurance Group, Inc.

11.1%

3,930

59.36

65.19

9.8%

1.2%

53%

46%

TPRE

Third Point Reinsurance Ltd.

10.0%

1,010

9.56

10.52

10.0%

0.0%

51%

46%

NODK

NI Holdings, Inc.

9.6%

345

15.70

17.20

9.6%

0.0%

53%

44%

WTREP

Watford Holdings Ltd.

8.6%

233

25.00

26.00

4.0%

4.4%

21%

18%

CNFR

Conifer Holdings, Inc.

8.1%

38

3.70

4.00

8.1%

0.0%

33%

35%

CNA

CNA Financial Corporation

5.9%

12,150

43.64

44.81

2.7%

3.1%

58%

41%

GLRE

Greenlight Reinsurance, Ltd.

4.9%

368

9.64

10.11

4.9%

0.0%

44%

51%

EIG

Employers Holdings Inc

3.3%

1,360

41.26

41.75

1.2%

2.1%

52%

46%

ICCH

ICC Holdings, Inc.

0.9%

45

13.96

14.09

0.9%

0.0%

25%

25%

MCY

Mercury General Corporation

0.7%

2,690

50.71

48.73

-3.9%

4.8%

56%

43%

PTVCB

Protective Insurance Corporation

0.0%

230

16.47

16.09

-2.3%

2.4%

48%

50%

ARGO

Argo Group International Holdings, Ltd.

-0.6%

2,290

67.40

65.75

-2.4%

1.8%

52%

47%

UNAM

Unico American Corporation

-3.2%

38

6.51

6.30

-3.2%

0.0%

25%

23%

PTVCA

Protective Insurance Corporation

-3.4%

215

16.70

15.75

-5.7%

2.4%

28%

32%

PROS

ProSight Global, Inc.

-5.5%

672

17.07

16.13

-5.5%

0.0%

50%

49%

HCI

HCI Group, Inc.

-5.6%

363

50.15

45.65

-9.0%

3.7%

55%

44%

OXBR

Oxbridge Re Holdings Limited

-5.7%

6

0.79

0.74

-5.7%

0.0%

43%

49%

PRA

ProAssurance Corporation

-5.9%

1,740

39.68

36.14

-8.9%

3.4%

48%

51%

STFC

State Auto Financial Corporation

-7.5%

1,360

33.96

31.02

-8.7%

1.2%

52%

46%

NGHC

National General Holdings Corp

-8.5%

2,540

24.34

22.10

-9.2%

0.8%

48%

49%

HRTG

Heritage Insurance Holdings, Inc.

-9.9%

376

14.95

13.25

-11.4%

1.7%

45%

54%

FNHC

FedNat Holding Company

-13.2%

228

19.58

16.63

-15.1%

2.3%

47%

49%

GBLI

Global Indemnity Limited

-15.0%

456

36.07

29.63

-17.9%

3.5%

48%

52%

UFCS

United Fire Group, Inc

-17.9%

1,130

54.81

43.73

-20.2%

2.9%

50%

48%

PPHI

Positive Physicians Holdings, Inc.

-18.6%

41

14.00

11.40

-18.6%

0.0%

4%

6%

UIHC

United Insurance Holdings Corp.

-20.9%

460

16.22

12.61

-22.3%

1.8%

44%

54%

UVE

UNIVERSAL INSURANCE HOLDINGS INC

-23.3%

860

37.45

27.99

-25.3%

2.6%

50%

49%

KFS

Kingsway Financial Services, Inc.

-25.3%

39

2.49

1.86

-25.3%

0.0%

44%

49%

SG

Sirius International Insurance Group, Ltd.

-34.3%

1,020

13.30

8.74

-34.3%

0.0%

34%

38%

KINS

Kingstone Companies, Inc

-54.9%

86

17.76

7.75

-56.4%

3.3%

46%

51%

MHLD

Maiden Holdings, Ltd.

-56.1%

71

1.71

0.75

-56.1%

0.0%

41%

46%

AFH

Atlas Financial Holdings, Inc.

-94.9%

7

8.43

0.43

-94.9%

0.0%

37%

53%