2020 (Re)Insurer Stock Price Performance
In this post, we review the 2020 stock price returns for US property and casualty (re)insurers.
The top 5 performing stocks are shown in the graph below. All five of the stocks more than doubled the S&P500 return. KNSL and PLMR were both in the top 5 performing stocks in 2019.
If we focus on the largest five P&C stocks (by market cap). Only PGR outperformed the S&P500 with the other four stocks significantly underperforming.
The table below summarizes the 2020 performance for all US listed P&C and Life (re)insurer stocks.
Summary of 2020 (Re)Insurer Stock Performance | ||||||||||
ticker | Company | sector | Total return | Market cap ($m) | BOY price | EOY price | Price return | Div yield | % up days | % down days |
KNSL | Kinsale Capital Group Inc. Common Stock | P&C_Spec | 93.8% | 7,302 | 103.47 | 200.13 | 93.4% | 0.2% | 58% | 42% |
PLMR | Palomar Holdings Inc. Common stock | P&C_Spec | 83.4% | 1,482 | 48.43 | 88.84 | 83.4% | 0.0% | 52% | 47% |
ERIE | Erie Indemnity Company Class A Common Stock | P&C_Pers | 53.2% | 12,463 | 165.14 | 245.60 | 48.7% | 3.0% | 57% | 43% |
PGR | Progressive Corporation (The) Common Stock | P&C_Pers | 37.8% | 85,033 | 74.33 | 98.88 | 33.0% | 3.6% | 52% | 47% |
CNO | CNO Financial Group Inc. Common Stock | L&H | 25.2% | 2,912 | 18.23 | 22.23 | 21.9% | 2.7% | 51% | 48% |
JRVR | James River Group Holdings Ltd. Common Shares | P&C_Spec | 24.2% | 888 | 40.75 | 49.15 | 20.6% | 3.0% | 51% | 47% |
STC | Stewart Information Services Corporation Common Stock | Title | 22.6% | 1,077 | 40.76 | 48.36 | 18.6% | 3.4% | 53% | 47% |
HCI | HCI Group Inc. Common Stock | P&C_FL | 19.4% | 476 | 45.29 | 52.30 | 15.5% | 3.4% | 51% | 49% |
RLI | RLI Corp. Common Stock (DE) | P&C_Spec | 18.0% | 6,231 | 90.11 | 104.15 | 15.6% | 2.1% | 50% | 50% |
AMP | Ameriprise Financial Inc. Common Stock | L&H | 17.9% | 35,892 | 169.23 | 194.33 | 14.8% | 2.7% | 53% | 47% |
MCY | Mercury General Corporation Common Stock | P&C_Pers | 13.3% | 1,788 | 48.81 | 52.21 | 7.0% | 5.9% | 53% | 45% |
ADM | Archer-Daniels-Midland Company Common Stock | W_Eur | 13.0% | 43,758 | 46.11 | 50.41 | 9.3% | 3.4% | 54% | 45% |
HTH | Hilltop Holdings Inc. | P&C_Pers | 12.8% | 2,106 | 24.84 | 27.51 | 10.7% | 1.9% | 51% | 49% |
ALV | Autoliv Inc. Common Stock | P&C_Comm | 8.3% | 8,094 | 85.75 | 92.10 | 7.4% | 0.8% | 50% | 49% |
ITIC | Investors Title Company Common Stock | Title | 6.0% | 286 | 158.83 | 153.00 | -3.7% | 10.0% | 51% | 48% |
SUN | Sunoco LP Common Units representing limited partner interests | APAC | 5.5% | 3,813 | 30.82 | 28.78 | -6.6% | 13.0% | 52% | 45% |
AIZ | Assurant Inc. Common Stock | P&C_Spec | 5.1% | 6,474 | 132.36 | 136.22 | 2.9% | 2.1% | 53% | 46% |
TRV | The Travelers Companies Inc. Common Stock | P&C_Comm | 4.9% | 42,206 | 137.51 | 140.37 | 2.1% | 2.7% | 54% | 45% |
SIGI | Selective Insurance Group Inc. Common Stock | P&C_Spec | 4.1% | 6,001 | 65.44 | 66.98 | 2.4% | 1.7% | 51% | 47% |
ICCH | ICC Holdings Inc. Common Stock | P&C_Comm | 3.6% | 49 | 13.80 | 14.30 | 3.6% | 0.0% | 23% | 19% |
AAME | Atlantic American Corporation Common Stock | Multiline | 3.5% | 49 | 1.99 | 2.06 | 3.5% | 0.0% | 40% | 45% |
PRI | Primerica Inc. Common Stock | L&H | 2.9% | 6,615 | 131.83 | 133.93 | 1.6% | 1.3% | 51% | 48% |
CB | Chubb Limited Common Stock | P&C_Comm | 1.2% | 85,800 | 156.02 | 153.92 | -1.3% | 2.6% | 49% | 50% |
KMPR | Kemper Corporation | P&C_Pers | 0.6% | 3,905 | 77.69 | 76.83 | -1.1% | 1.7% | 47% | 53% |
GBLI | Global Indemnity Group LLC Class A Common Stock (DE) | P&C_Spec | 0.1% | 416 | 29.81 | 28.59 | -4.1% | 4.3% | 52% | 46% |
SLF | Sun Life Financial Inc. Common Stock | L&H | -0.3% | 28,751 | 45.87 | 44.46 | -3.1% | 2.9% | 54% | 44% |
ALL | Allstate Corporation (The) Common Stock | P&C_Pers | -0.4% | 33,309 | 112.82 | 109.93 | -2.6% | 2.2% | 55% | 45% |
DGICA | Donegal Group Inc. Class A Common Stock | P&C_Pers | -1.3% | 493 | 14.85 | 14.07 | -5.3% | 4.2% | 51% | 48% |
IAG | Iamgold Corporation Ordinary Shares | P&C_Pers | -1.6% | 1,042 | 3.73 | 3.67 | -1.6% | 0.0% | 48% | 50% |
ESGR | Enstar Group Limited Ordinary Shares | P&C_Reins | -1.8% | 3,800 | 208.71 | 204.89 | -1.8% | 0.0% | 46% | 54% |
HMN | Horace Mann Educators Corporation Common Stock | P&C_Pers | -1.9% | 1,489 | 44.23 | 42.04 | -5.0% | 3.2% | 49% | 50% |
PUK | Prudential Public Limited Company Common Stock | L&H | -2.2% | 41,705 | 37.55 | 35.82 | -4.6% | 2.5% | 52% | 48% |
VOYA | Voya Financial Inc. Common Stock | L&H | -2.8% | 7,278 | 61.20 | 58.81 | -3.9% | 1.1% | 49% | 51% |
WRB | W.R. Berkley Corporation Common Stock | P&C_Spec | -2.9% | 17,587 | 45.97 | 44.28 | -3.7% | 0.8% | 51% | 49% |
NODK | NI Holdings Inc. Common Stock | P&C_Pers | -3.0% | 283 | 16.93 | 16.42 | -3.0% | 0.0% | 47% | 52% |
MET | MetLife Inc. Common Stock | L&H | -4.6% | 54,015 | 51.62 | 46.95 | -9.0% | 4.9% | 52% | 47% |
CNA | CNA Financial Corporation Common Stock | P&C_Comm | -5.7% | 11,689 | 44.95 | 38.96 | -13.3% | 8.8% | 51% | 48% |
MDWT | Midwest Holding Inc. Common Stock | L&H | -5.9% | 62 | 57.00 | 53.65 | -5.9% | 0.0% | 40% | 40% |
AMSF | AMERISAFE Inc. Common Stock | P&C_Spec | -6.4% | 1,008 | 66.24 | 57.43 | -13.3% | 8.0% | 45% | 53% |
AEL | American Equity Investment Life Holding Company Common Stock | L&H | -6.4% | 3,511 | 29.90 | 27.66 | -7.5% | 1.2% | 48% | 51% |
PFG | Principal Financial Group Inc Common Stock | L&H | -6.4% | 20,637 | 55.73 | 49.61 | -11.0% | 5.1% | 49% | 51% |
ORI | Old Republic International Corporation Common Stock | P&C_Comm | -7.5% | 7,793 | 22.33 | 19.71 | -11.7% | 4.8% | 49% | 50% |
BHF | Brighthouse Financial Inc. Common Stock | L&H | -7.7% | 3,867 | 39.22 | 36.21 | -7.7% | 0.0% | 50% | 50% |
FAF | First American Corporation (New) Common Stock | Title | -7.9% | 5,507 | 57.94 | 51.63 | -10.9% | 3.3% | 54% | 46% |
MFC | Manulife Financial Corporation Common Stock | L&H | -8.4% | 36,786 | 20.56 | 17.82 | -13.3% | 5.7% | 49% | 49% |
MTG | MGIC Investment Corporation Common Stock | Fin, Sur, Mortg | -9.1% | 4,013 | 14.16 | 12.55 | -11.4% | 2.5% | 50% | 49% |
GL | Globe Life Inc. Common Stock | L&H | -9.3% | 11,677 | 105.56 | 94.96 | -10.0% | 0.8% | 49% | 51% |
FNF | FNF Group of Fidelity National Financial Inc. Common Stock | L&H | -9.6% | 10,153 | 43.24 | 37.59 | -13.1% | 4.0% | 53% | 45% |
MKL | Markel Corporation Common Stock | P&C_Spec | -10.6% | 17,702 | 1,155.22 | 1,033.30 | -10.6% | 0.0% | 52% | 47% |
WTM | White Mountains Insurance Group Ltd. Common Stock | Fin, Sur, Mortg | -10.8% | 3,635 | 1,122.90 | 1,000.66 | -10.9% | 0.1% | 49% | 51% |
AEG | AEGON N.V. Common Stock | L&H | -11.8% | 10,301 | 4.60 | 3.95 | -14.1% | 2.7% | 49% | 46% |
AXS | Axis Capital Holdings Limited Common Stock | P&C_Reins | -11.9% | 5,031 | 59.42 | 50.39 | -15.2% | 3.9% | 51% | 48% |
SAFT | Safety Insurance Group Inc. Common Stock | P&C_Pers | -12.0% | 1,155 | 92.78 | 77.90 | -16.0% | 4.8% | 51% | 48% |
LNC | Lincoln National Corporation Common Stock | L&H | -12.2% | 5,138 | 59.75 | 50.31 | -15.8% | 4.3% | 49% | 51% |
THG | Hanover Insurance Group Inc | P&C_Comm | -12.2% | 4,838 | 136.48 | 116.92 | -14.3% | 2.5% | 51% | 48% |
PRU | Prudential Financial Inc. Common Stock | L&H | -12.4% | 35,557 | 94.84 | 78.07 | -17.7% | 6.4% | 49% | 51% |
RE | Everest Re Group Ltd. Common Stock | P&C_Reins | -13.4% | 15,065 | 278.15 | 234.09 | -15.8% | 2.8% | 46% | 53% |
KINS | Kingstone Companies Inc. Common Stock | P&C_Pers | -13.7% | 15 | 7.94 | 6.65 | -16.2% | 3.1% | 47% | 49% |
GNW | Genworth Financial Inc Common Stock | L&H | -13.7% | 3,024 | 4.38 | 3.78 | -13.7% | 0.0% | 46% | 49% |
AFL | AFLAC Incorporated Common Stock | L&H | -14.3% | 41,579 | 53.35 | 44.47 | -16.6% | 2.8% | 53% | 47% |
RNR | RenaissanceRe Holdings Ltd. Common Stock | P&C_Reins | -14.3% | 9,386 | 195.19 | 165.82 | -15.0% | 0.8% | 50% | 50% |
ESNT | Essent Group Ltd. Common Shares | Fin, Sur, Mortg | -14.5% | 4,697 | 51.36 | 43.20 | -15.9% | 1.7% | 49% | 51% |
CINF | Cincinnati Financial Corporation Common Stock | P&C_Comm | -14.8% | 18,744 | 105.96 | 87.37 | -17.5% | 3.3% | 49% | 51% |
RDN | Radian Group Inc. Common Stock | Fin, Sur, Mortg | -16.5% | 3,574 | 24.94 | 20.25 | -18.8% | 2.9% | 51% | 48% |
ACGL | Arch Capital Group Ltd. Common Stock | P&C_Spec | -16.9% | 26,428 | 43.40 | 36.07 | -16.9% | 0.0% | 51% | 49% |
CNP | CenterPoint Energy Inc (Holding Co) Common Stock | L&H | -17.0% | 17,618 | 26.95 | 21.64 | -19.7% | 3.4% | 53% | 46% |
HIG | Hartford Financial Services Group Inc. (The) Common Stock | P&C_Comm | -17.2% | 24,187 | 60.95 | 48.98 | -19.6% | 3.0% | 47% | 52% |
AFG | American Financial Group Inc. Common Stock | P&C_Spec | -17.3% | 11,123 | 111.16 | 87.62 | -21.2% | 4.9% | 51% | 47% |
CIA | Citizens Inc. Class A Common Stock ($1.00 Par) | L&H | -17.4% | 156 | 6.94 | 5.73 | -17.4% | 0.0% | 46% | 52% |
UNM | Unum Group Common Stock | L&H | -17.6% | 8,964 | 29.64 | 22.94 | -22.6% | 6.5% | 49% | 49% |
CNFR | Conifer Holdings Inc. Common Stock | P&C_Spec | -18.6% | 21 | 4.04 | 3.29 | -18.6% | 0.0% | 32% | 42% |
VERY | Vericity Inc. Common Stock | L&H | -19.0% | 111 | 12.36 | 10.01 | -19.0% | 0.0% | 41% | 45% |
HRTG | Heritage Insurance Holdings Inc. Common Stock | P&C_FL | -21.1% | 98 | 13.13 | 10.13 | -22.8% | 2.3% | 47% | 50% |
EIG | Employers Holdings Inc Common Stock | P&C_Spec | -21.2% | 1,171 | 42.12 | 32.19 | -23.6% | 3.1% | 49% | 51% |
IGIC | International General Insurance Holdings Ltd. Ordinary Share | P&C_Spec | -22.0% | 388 | 10.50 | 8.08 | -23.0% | 1.4% | 47% | 44% |
FGF | FG Financial Group Inc. Common Stock (NV) | P&C_Reins | -23.6% | 25 | 5.52 | 4.22 | -23.6% | 0.0% | 36% | 47% |
AIG | American International Group Inc. New Common Stock | P&C_Comm | -23.7% | 51,055 | 51.76 | 37.86 | -26.9% | 4.3% | 53% | 47% |
NWLI | National Western Life Group Inc. Class A Common Stock | L&H | -26.3% | 936 | 280.65 | 206.44 | -26.4% | 0.2% | 50% | 49% |
GLRE | Greenlight Capital Re Ltd. Class A Ordinary Shares | P&C_Reins | -26.5% | 342 | 9.95 | 7.31 | -26.5% | 0.0% | 52% | 46% |
RGA | Reinsurance Group of America Incorporated Common Stock | P&C_Reins | -27.7% | 9,607 | 164.65 | 115.90 | -29.6% | 2.7% | 49% | 51% |
UNAM | Unico American Corporation Common Stock | P&C_Comm | -27.8% | 6 | 6.30 | 4.55 | -27.8% | 0.0% | 20% | 30% |
AMBC | Ambac Financial Group Inc. Common Stock | Fin, Sur, Mortg | -29.3% | 743 | 21.76 | 15.38 | -29.3% | 0.0% | 47% | 51% |
MBI | MBIA Inc. Common Stock | Fin, Sur, Mortg | -29.3% | 660 | 9.31 | 6.58 | -29.3% | 0.0% | 49% | 47% |
NMIH | NMI Holdings Inc. Class A Common Stock | Fin, Sur, Mortg | -29.8% | 1,999 | 32.27 | 22.65 | -29.8% | 0.0% | 50% | 49% |
ARGO | Argo Group International Holdings Ltd. | P&C_Spec | -32.7% | 1,018 | 66.96 | 43.70 | -34.7% | 3.1% | 48% | 51% |
AGO | Assured Guaranty Ltd. Common Stock | Fin, Sur, Mortg | -34.0% | 3,426 | 49.08 | 31.49 | -35.8% | 2.8% | 47% | 52% |
TIPT | Tiptree Inc. Common Stock | P&C_Comm | -36.4% | 556 | 8.12 | 5.02 | -38.2% | 3.0% | 50% | 46% |
UFCS | United Fire Group Inc. Common Stock | P&C_Spec | -40.6% | 685 | 43.92 | 25.10 | -42.9% | 4.0% | 45% | 54% |
AGS | PlayAGS Inc. Common Stock | L&H | -40.6% | 249 | 12.12 | 7.20 | -40.6% | 0.0% | 45% | 53% |
UVE | UNIVERSAL INSURANCE HOLDINGS INC Common Stock | P&C_FL | -42.6% | 577 | 27.57 | 15.11 | -45.2% | 4.7% | 46% | 52% |
PRA | ProAssurance Corporation Common Stock | P&C_Spec | -50.0% | 1,044 | 36.34 | 17.79 | -51.0% | 2.2% | 48% | 51% |
UIHC | United Insurance Holdings Corp. Common Stock | P&C_FL | -51.9% | 118 | 12.30 | 5.72 | -53.5% | 3.4% | 45% | 51% |
HALL | Hallmark Financial Services Inc. Common Stock | P&C_Comm | -80.6% | 19 | 183.30 | 35.60 | -80.6% | 0.0% | 42% | 55% |