Insurance stocks: 12 companies analyzed
The 12 insurance companies Fintols covers, such as AIG, Berkshire Hathaway and MetLife: P/E, growth, margin and dividend with dated figures.
Insurers collect premiums in exchange for covering other people’s risks: car crashes, house fires, medical bills, death or major disasters. They make money in two ways. One is underwriting, when premiums exceed claims and expenses. The other is investing: because they get paid up front and pay claims later, they hold large portfolios of bonds and other assets and keep the returns, a pool of money often called the float. Reinsurers do the same thing, but they insure other insurers. Some focus on life and retirement products, others on property and casualty lines like auto and home.
For property and casualty insurers, the headline metric is the combined ratio, which adds losses and expenses relative to premiums; below one, underwriting is profitable. For life and annuity companies, the spread between investment returns and what is guaranteed to customers matters more, along with capital strength. As with banks, debt to EBITDA is not useful here. Use return on equity, price to book and regulatory capital ratios instead, plus premium growth and the dividend track record.
Risks include natural catastrophes that are more frequent or costly than modeled, inflation that pushes up repair bills and jury awards, mistakes in setting reserves and sharp drops in financial markets. As a newer investor, be skeptical of an insurer growing very fast by undercutting rivals on price; it may be charging too little for risks it will only pay for years later. Consistency usually beats speed in this industry.
With data as of November 4, 2026, of the 12 insurance companies Fintols covers, the largest by market value is Berkshire Hathaway ($1.24 trillion) among those quoted in dollars and AXA (€91.4 billion) among those quoted in euros, the fastest-growing in its latest quarter is Mapfre (+43.1% in sales) and the highest dividend yield belongs to AXA (5.39%). The typical company in the group trades on a P/E of 13.1x and keeps a net margin of 11.2% (medians). Figures come from Yahoo Finance, the same source the Fintols analysis uses; N/A means the figure is not available.
Insurance companies on Fintols
| Company | Market cap | P/E | Revenue growth | Net margin | Dividend yield |
|---|---|---|---|---|---|
| Berkshire Hathaway (BRK-B) | $1.24 trillion | 14.6x | +10.0% | 22.3% | 0.00% |
| Chubb (CB) | $143.0 billion | 13.1x | +0.3% | 18.1% | 1.11% |
| Progressive (PGR) | $136.0 billion | 11.8x | +3.0% | 12.7% | 0.17% |
| AXA (CS.PA) | €91.4 billion | 12.2x | +4.5% | 10.4% | 5.39% |
| Travelers (TRV) | $83.9 billion | 10.8x | -0.5% | 17.0% | 1.26% |
| Munich Re (MUV2.DE) | €73.5 billion | 11.0x | +1.3% | 11.2% | 4.23% |
| Aon (AON) | $73.1 billion | 18.9x | +2.6% | 22.2% | 0.99% |
| MetLife (MET) | $65.4 billion | 19.7x | +10.5% | 4.6% | 2.35% |
| AIG (AIG) | $42.7 billion | 15.0x | +0.5% | 11.1% | 2.48% |
| Mapfre (MAP) | €12.9 billion | 11.0x | +43.1% | 3.9% | 4.48% |
| Allianz (ALV.DE) | N/A | 15.0x | +12.1% | 9.9% | 3.88% |
| Marsh McLennan (MMC) | N/A | N/A | N/A | N/A | N/A |
Insurance comparisons
- AIG vs Progressive
- AIG vs Chubb
- AIG vs Berkshire Hathaway
- Berkshire Hathaway vs Progressive
- Berkshire Hathaway vs Chubb
- MetLife vs Travelers
- Aon vs MetLife
- MetLife vs Marsh McLennan
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See all stocks by sector or by index: S&P 500, S&P 100, IBEX 35 and Euro Stoxx 50. Educational content, not investment advice.