C

Global P&C Insurance MarketCap Index

GPAC

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Index Performance

-10.34%
GPAC
-2.07%
TMLARGE

Overview

Description

The Property and Casualty (P&C) insurance industry is influenced by a myriad of drivers. Key factors include the economic environment, as premium growth is closely tied to GDP; interest rates, given that P&C companies invest their reserves primarily in fixed-income securities; underwriting discipline, which helps maintain profitability; claim frequency and severity, affected by natural catastrophes, legal trends, and technological advancements; regulatory changes, which can impact profitability through capital requirements and rate setting; and technological innovation like telematics and machine learning for risk assessment and price optimization. In addition, market sentiment and industry consolidation play a role in valuations and market cap rankings as companies strive for operational efficiencies and expanded product offerings to drive growth. Within the P&C insurance landscape, potential investable subcategories by market cap can be identified by considering the various sectors and business models at play. These include [[specialty insurers]] focusing on niche markets or specific types of risk, [[commercial insurers]] that protect businesses against a wide range of risks, [[personal lines insurers]] providing automobile and homeowners coverage, [[reinsurers]] offering coverage to insurance companies to mitigate their risks, and [[insurance brokers and services]] which can include entities involved in the facilitation of insurance contracts. Additionally, there is the [[InsurTech]] sector, embracing companies that leverage technology to disrupt and transform the traditional insurance industry, presenting high-growth investment opportunities. Market capitalization within these subcategories can be researched through financial databases and industry reports, providing investors insights into the size and scale of different entities within the P&C insurance market. This index was generated with help from Thematic Analyst.

  • TickerGPAC
  • Inception Date12/05/2023
  • WeightingEqual
  • # of holdings71
What's inside?

Holdings

All holdings as of March 12, 2026
CSV download
APA Corp. (APA)2.25%$11.44B-8.39%37.32%1.57
Hallmark Financial Services, Inc. (HALL)2.10%$0.15M-60.49%N/A0.82
Sterling Infrastructure, Inc. (STRL)2.10%$12.22B17.69%22.09%3.79
Chubb Ltd. (CB)1.71%$129.71B6.98%N/A2.57
Global Indemnity Group LLC (GBLI)1.69%$402.50M2.18%N/A0.97
Greenlight Capital Re Ltd. (GLRE)1.67%$485.91M7.80%N/A0.67
The Travelers Cos., Inc. (TRV)1.66%$66.31B5.22%N/A1.55
CNA Financial Corp. (CNA)1.66%$13.08B5.04%N/A1.08
James River Group Holdings, Inc. (JRVR)1.65%$296.04M-2.83%N/A1.24
Loews Corp. (L)1.63%$22.67B5.39%N/A1.78
ProAssurance Corp. (PRA)1.63%$1.27B-4.55%N/A1.53
W.R. Berkley Corp. (WRB)1.61%$26.05B7.84%N/A2.12
The Allstate Corp. (ALL)1.61%$54.92B5.58%N/A0.96
Universal Insurance Holdings, Inc. (UVE)1.61%$991.21M5.48%N/A0.67
United Fire Group, Inc. (UFCS)1.61%$963.97M10.62%N/A0.81
Cincinnati Financial Corp. (CINF)1.58%$25.89B11.41%N/A2.11
Arch Capital Group Ltd. (ACGL)1.57%$34.54B15.21%N/A2.05
The Cigna Group (CI)1.57%$74.12B12.48%N/A0.38
Progressive Corp. (PGR)1.56%$123.38B16.32%N/A1.61
The Hartford Insurance Group, Inc. (HIG)1.56%$38.53B6.91%N/A1.56
Principal Financial Group, Inc. (PFG)1.55%$20.27B-3.11%N/A1.57
Primerica, Inc. (PRI)1.54%$8.36B6.28%N/A3.06
World Acceptance Corp. (WRLD)1.53%$719.35M1.89%98.45%2.40
American Financial Group, Inc. (AFG)1.52%$10.96B-1.94%N/A1.66
The Hanover Insurance Group, Inc. (THG)1.52%$6.27B5.72%N/A1.20
RLI Corp. (RLI)1.51%$5.64B6.31%N/A3.20
Mercury General Corp. (MCY)1.51%$5.05B9.44%N/A0.97
AXIS Capital Holdings Ltd. (AXS)1.50%$7.66B8.90%N/A1.62
Brighthouse Financial, Inc. (BHF)1.49%$3.48B43.23%N/A1.03
Old Republic International Corp. (ORI)1.49%$10.34B10.99%N/A1.45
NI Holdings, Inc. (NODK)1.49%$274.26M-13.95%N/A0.96
Horace Mann Educators Corp. (HMN)1.48%$1.76B6.66%N/A1.48
Intact Financial Corp. (IFC)1.48%$33.23B3.70%N/A1.92
Safety Insurance Group, Inc. (SAFT)1.47%$1.10B13.22%N/A0.97
Employers Holdings, Inc. (EIG)1.47%$795.06M-2.50%N/A1.23
CNO Financial Group, Inc. (CNO)1.47%$3.97B-0.23%N/A1.86
SiriusPoint Ltd. (SPNT)1.46%$2.47B23.09%N/A1.12
Royal Caribbean Group (RCL)1.46%$76.58B8.80%39.97%5.46
Selective Insurance Group, Inc. (SIGI)1.46%$4.86B9.68%N/A1.18
Verisk Analytics, Inc. (VRSK)1.46%$29.14B6.63%59.25%11.08
Kinsale Capital Group, Inc. (KNSL)1.45%$8.76B18.08%N/A4.97
Assurant, Inc. (AIZ)1.45%$11.29B7.89%N/A1.14
Markel Group, Inc. (MKL)1.44%$25.40B-0.19%N/A1.97
Kingstone Cos., Inc. (KINS)1.43%$229.47M46.14%N/A1.22
American International Group, Inc. (AIG)1.43%$42.96B-1.75%N/A2.20
Palomar Holdings, Inc. (PLMR)1.42%$3.39B58.30%N/A4.24
Baldwin Insurance Group, Inc. (BRP)1.41%$3.18B8.34%21.25%2.35
HCI Group, Inc. (HCI)1.38%$2.23B20.12%N/A2.90
AMERISAFE, Inc. (AMSF)1.35%$651.99M2.66%N/A2.31
Cavco Industries, Inc. (CVCO)1.32%$4.37B11.29%23.39%2.05
Citizens, Inc. (Austin, Texas) (CIA)1.32%$257.02M1.74%N/A1.10
Hippo Holdings, Inc. (HIPO)1.31%$688.10M25.93%N/A1.78
Arthur J. Gallagher & Co. (AJG)1.29%$59.04B20.66%90.78%5.70
Porch Group, Inc. (PRCH)1.29%$866.18M10.18%62.56%2.49
Regional Management Corp. (RM)1.26%$311.98M9.70%97.48%3.06
Carnival Corp. (CCL)1.24%$36.48B6.40%29.21%2.34
Avis Budget Group, Inc. (CAR)1.22%$3.42B-1.16%24.42%2.80
Presurance Holdings, Inc. (CNFR)1.21%$10.02M-58.30%N/A0.63
Open Lending Corp. (LPRO)1.20%$163.10M2.95%76.73%9.00
CCC Intelligent Solutions Holdings, Inc. (CCCS)1.18%$3.74B11.88%65.66%6.17
Kemper Corp. (KMPR)1.16%$1.91B3.36%N/A0.74
Ryan Specialty Holdings, Inc. (RYAN)1.10%$10.39B20.70%N/A3.63
Trupanion, Inc. (TRUP)1.05%$1.25B11.95%N/A1.21
Lemonade, Inc. (LMND)1.03%$4.20B41.30%N/A8.86
Root, Inc. (ROOT)0.99%$746.32M28.95%N/A1.02
EverQuote, Inc. (EVER)0.97%$614.13M38.45%97.20%1.23
Goosehead Insurance, Inc. (GSHD)0.96%$1.86B16.15%N/A8.36
Insperity, Inc. (NSP)0.86%$825.88M3.51%12.55%0.17
SelectQuote, Inc. (SLQT)0.79%$140.66M11.65%42.56%0.58
Tingo Group, Inc. (MICT)0.60%$0.97M162.29%N/A-2.27
WesBanco, Inc. (WSBC)NaN%$3.33B51.23%N/A3.28
Market data by FactSet

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