6 companies · median 19 of 36 checks · prices as of 2026-10-23
Insurance stocks.
Sorted by how many checks each one passes. Sort by any column to see who is cheapest, who is growing, or who has the strongest balance sheet - and how that compares with what is normal for the industry.
Ranked by checks passed
6 companies in this sector→The insurance carriers we cover are not one trade: Progressive (PGR) passes 25 of its 36 checks and Lemonade (LMND) passes 7, with a median of 19.
→BRK-B, UNH, PGR are 95% of the $1.76T we cover here, so a sector average says more about them than about the rest.
| Save | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
 ProgressivePGRinsurerSells car and home insurance direct and through agents, and prices it on driving data.Report | -0.7% | +9.1% | 4 | 4 | 3 | 4 | 5 | 5 | 25/36 | |
 Berkshire HathawayBRK-BWarren Buffett's conglomerate: insurance, a railroad, utilities, manufacturers and a stock portfolio.Report | -0.9% | +10.2% | 1 | 3 | 3 | 4 | 4 | 5 | 20/36 | |
 CignaCIinsurerA health insurer and, through Evernorth, one of the largest pharmacy-benefit managers.Report | -2.8% | +2.0% | 3 | 3 | 2 | 1 | 6 | 5 | 20/36 | |
 UnitedHealthUNHinsurerAmerica's largest health insurer, plus the Optum health services and pharmacy business.Report | -1.6% | +18.7% | 0 | 1 | 2 | 2 | 6 | 6 | 17/36 | |
 Oscar HealthOSCRinsurerSells health insurance to individuals on the Affordable Care Act marketplaces.Report | -7.0% | +52.1% | 2 | 5 | 3 | 3 | 0 | 3 | 16/36 | |
 LemonadeLMNDinsurerSells renters, home, car, pet and life insurance through an app, using AI for claims.Report | -1.1% | -8.8% | 1 | 4 | 1 | 1 | 0 | 0 | 7/36 |
Every filing behind this table closes on 2026-06-30; prices are the close of 2026-10-23. Each name links to its full report; every score is a count of pass-or-fail checks read from that company's own filings.
Where the sector falls short
median score per axis→Value is where the insurance carriers we cover come up short most often, at a median of 1.5 of 6, while Trend runs at 5.
| Value | ●●○○○○ | 2 of 6 |
| Growth | ●●●●○○ | 4 of 6 |
| Quality | ●●●○○○ | 3 of 6 |
| Financial health | ●●●○○○ | 3 of 6 |
| Shareholder returns | ●●●●●○ | 5 of 6 |
| Trend | ●●●●●○ | 5 of 6 |
What a normal margin looks like here
sector percentiles · 20 filers→Operating margin clusters among insurance carriers, from 2% to 13% across the middle of the field, with a midpoint of 4% measured over 20 filers.
| Metric | Bottom third | Midpoint | Top third |
|---|---|---|---|
| Operating margin n=20 | 1.7% | 4.1% | 12.7% |
| Net margin n=102 | 5.1% | 9.0% | 14.8% |
| Return on equity n=99 | 8.8% | 12.0% | 15.9% |
Who grows, and who keeps it
every company in the industry→UNH does both: growing faster than this industry's middle and keeping more of each sale than it does. The industry's middle is 12% growth on a 4% margin. CI does neither.
A year of price
not a fact about the business→5 of 6 are up over twelve months and the median move is +9.7% - Oscar Health (OSCR) at +52.1% against Lemonade (LMND) at -8.8%. Price is not a fact about a business, and the Trend chapter of each report says what it is measured on.
Head to head
2 pairsThe table above gives the order. These put two of them in one column each, so you can see where the difference actually is.