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Sun Life Financial Inc. (SLF)

Sun Life provides asset management, wealth, insurance and health solutions to individual and institutional clients. It operates in a number of markets including Canada, the U.S., the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. Client assets under management were $1.60 trillion at the end of 2025. Results are reported in five business segments: Asset Management, Canada, United States, Asia and Corporate. Amounts are in Canadian dollars.

Sun Life Financial Inc.

Sun Life provides asset management, wealth, insurance and health solutions to individual and institutional clients. It operates in a number of markets including Canada, the U.S., the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. Client assets under management were $1.60 trillion at the end of 2025. Results are reported in five business segments: Asset Management, Canada, United States, Asia and Corporate. Amounts are in Canadian dollars.

Where the company came from

SLF Inc. was incorporated under the Insurance Companies Act, Canada on 5 August 1999, to become the holding company of Sun Life Assurance in connection with that company's demutualisation. Sun Life Assurance itself was incorporated in 1865 as a stock insurance company and converted into a mutual insurance company in 1962. On 22 March 2000 it implemented a plan of demutualisation, converting back to a stock company under Letters Patent of Conversion issued under the Insurance Act, and became a wholly owned subsidiary of SLF Inc.

Asset management

The filing describes MFS Investment Management as a long-standing premier active investment manager, offering asset management products and services to retail and institutional investors worldwide. SLC Management is the other half of the pillar. Effective 1 January 2026 the company formalised a wider asset management pillar called Sun Life Asset Management, which adds to MFS and SLC Management the group's stake in Aditya Birla Sun Life Asset Management, previously inside the Asia segment, and the pension risk transfer business, previously inside Canada. The company states this is meant to accelerate growth between the asset management, insurance and wealth businesses and to drive strategic partnerships.

The United States

The U.S. business is built around employee and government health benefits rather than life insurance alone. The filing describes it as one of the largest dental benefits providers in the U.S. by membership, with some of the largest nationwide networks of dentists, and as the largest Medicaid dental benefits provider; the dental business serves approximately 32 million members through government programmes and commercial group dental and vision solutions for employers of all sizes. The filing states that the medical stop-loss and dental benefits businesses are leaders in the U.S. market and that the employee benefits business is a top-10 provider, and positions the whole offering as complementary to the core health insurance products of large US health insurers.

Deals

On 22 August 2024 the company acquired the remaining 20% interest in InfraRed Capital Partners, having taken a majority stake on 1 July 2020; the filing says InfraRed has broadened SLC Management's alternative investment offering while gaining access to North American investors through the group's distribution. On 1 February 2023 it completed the purchase of a majority stake in Advisors Asset Management, an independent retail distribution firm in the U.S., which gives SLC Management access to US retail distribution and to high-net-worth demand for alternative assets. The filing states that on the same day it completed the sale of the sponsored markets business from Sun Life Assurance to Canadian Premier Life Insurance Company, since rebranded Securian Canada. From 1 July 2023 a 15-year exclusive bancassurance partnership with Dah Sing Bank in Hong Kong makes Sun Life the exclusive provider of life insurance solutions to Dah Sing's retail banking customers.

Seasonality

Some of the businesses carry seasonal patterns, although the filing says the overall impact is not material. In Canada, sales of investment products spike in the first quarter because of the contribution deadline for Registered Retirement Savings Plans, and the timing of sales campaigns also moves individual product sales there and in Asia. In the U.S., the Group Benefits sales pattern follows the renewal timing of corporate clients' employee benefit plans, many of which start on 1 January, which often lifts fourth-quarter sales. In India, individual insurance sales usually peak in the first quarter because of client tax planning.

From Sun Life's annual report on Form 40-F for the year ended 31 December 2025. The business and the discussion are attached to that filing as exhibits, the Annual Information Form and the Management's Discussion and Analysis, each read as a whole document rather than from a separately located section. The filing

Compare with another name

Sun Life Financial Inc. files a 40-F with the SEC once a year, in Canadian dollars. In the year to 31 December 2025 it reported revenue of CAD 41,900 million ($30.0 billion at the year's average rate), up 8.0% on the year before. Its profit attributable to shareholders was CAD 3,551 million, up 13.5%, and diluted earnings per share CAD 6.15.

Sun Life Financial (SLF) in brief

Sun Life Financial (SLF) reported revenue of CAD 41.9 billion for the year to 31 December 2025, up 8.0% on the year before.
Read moreProfit attributable to shareholders was CAD 3.6 billion and diluted earnings per share CAD 6.15. Revenue was CAD 38.8 billion in 2024, CAD 40.9 billion in 2023, CAD 5.8 billion in 2022 and CAD 35.7 billion in 2021. Profit attributable to shareholders in the same years was CAD 3.1 billion, CAD 3.2 billion, CAD 2.9 billion and CAD 4.0 billion. Revenue fell 0.7% a year, compounded, over the five years to 2025. At the close of 10 November 2026 the market cap of Sun Life Financial was $40.7 billion, 16.9 times its earnings for 2025.

The share in the US

Last close$73.58 on 10 November 2026
52-week range$57.60 (2 December 2025) to $84.07 (28 July 2026)
Over one yearup 26.7%
Market cap$40.7 billion: 553,799,595 shares outstanding at 31 December 2025 (40-F), each US share standing for one ordinary share
P/E, latest fiscal year16.9: the last close over diluted EPS for the year to Dec 2025, CAD 6.15 per ordinary share, $4.36 at 1.41 CAD per US dollar on 6 November 2026 (FRED DEXCAUS). The company reports once a year, so this is the latest fiscal year, not the last four quarters.

US dollars per share as it trades in the US; the market cap and the P/E are worked out here, not filed. Prices from IEX, for splits.

Ratios

From the latest annual report, the year to Dec 2025, in dollars

ROE14.5%
ROCEn/a
Operating marginn/a
Net margin8.5%
FCF margin6.3%
Interest covern/a
Debt to equity0.33
Cash conversion0.79
Share count, last 12 months-2.8%
Sales CAGR, 3 years93.7%
Profit CAGR, 3 years6.5%
EPS$4.36

At the close of 10 November 2026

Price$73.58
Market cap$40.7 billion
Stock P/E16.88
Price to book2.34
EV / EBITDAn/a
Dividend yield3.6%
Market cap / sales1.37
52-week high$84.07
52-week low$57.60
Price, 1 year26.7%
Price CAGR, 3 yearsn/a
Price CAGR, 5 yearsn/a
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on the borrowings total Sun Life Financial Inc. states in its annual report, never added up from its parts; lease liabilities are a separate line. Nothing here is a valuation or a view.
SLFgreeksoup.ai
Daily prices to 10 November 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. This company reports once a year, so every view here moves once a year, on the day each annual report was filed, and holds until the next. P/E is the close over the year's EPS per US share: the EPS as filed, in dollars at the year's average exchange rate (Federal Reserve, from FRED). Sales and margin are each year's revenue in dollars and its operating margin. EV/EBITDA, price to book and market cap to sales set the close against that year's balance sheet in dollars at its year-end rate and its share count per US share. The dashed line is the median over the range shown. The P/E above uses today's exchange rate, so the latest point here can differ from it a little. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on SLF

DividendsCAD 3.52 a share in FY2025
Filings36 in twelve months: 35 reports on Form 6-K, most often sunlife Reports Third Quarter 2026 Results (2); sun Life cautions shareholders regarding Ocehan LLC's below-market bid for shares (2); sun Life Reports Second Quarter 2026 Results (2); sun Life announces offering of Subordinated Unsecured Debentures (2); sun Life Reports First Quarter 2026 Results (2)
Planned insider salesno Form 144 notice in twelve months
Options tapeput/call 14.39 by open interest at the 10 November 2026 close; the straddle prices a 4.9% move to 20 November 2026
13F holders494 funds reported a position for the quarter to 30 June 2026; largest Royal Bank of Canada
Congress0 House trades disclosed in six months
Short interest4.2 million shares short, 12.64 days to cover at 30 October 2026

Income statement (profit and loss), 10 fiscal years

Year toDec 2016Dec 2017Dec 2018Dec 2019 †Dec 2020Dec 2021 †Dec 2022 †Dec 2023Dec 2024Dec 2025
Revenue28,57329,33426,99739,67943,33735,6885,76940,94338,79641,900
Profit before tax3,4452,7893,5113,2333,2875,0973,6263,9304,3394,798
Income tax6193025972864957275464611,0401,016
Profit for the year2,8262,4872,9142,9472,7924,3703,0803,4693,2993,782
Profit attributable to shareholders2,5812,2422,6162,7132,4984,0352,9413,1653,1293,551
Filing40-F40-F40-F40-F40-F40-F40-F40-F40-F40-F
CAD million, from each year's annual report on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed.
Read moreA line the company does not file under the standard tag is left out rather than estimated. Revenue for Sun Life Financial Inc. is its total revenue, the company's own stated total, as its filing builds it; a year where that line carries another measure is left out. A year marked † shows the figure as the company restated it in a later annual report (Dec 2019, Dec 2021, Dec 2022); the first-filed figure is in the CSV. Profit for the year includes the part that belongs to minority shareholders; profit attributable to shareholders is the part EPS is struck on. Each year links to its own page.
Year toDec 2016Dec 2017Dec 2018Dec 2019 †Dec 2020Dec 2021 †Dec 2022 †Dec 2023Dec 2024Dec 2025
Diluted EPS4.033.494.144.404.106.694.895.265.266.15
Basic EPS4.053.514.164.424.116.724.905.275.276.17
Filing40-F40-F40-F40-F40-F40-F40-F40-F40-F40-F

CAD per ordinary share, as filed. One US-listed share can stand for more or fewer ordinary shares; the P/E above puts the two on the same basis.

Cash flow statement

Follow the cashA discounted cash flow: five years of free cash flow, added up in today's moneyNot for Sun Life Financial: an insurer's operating cash flow includes premiums it holds to pay claims later, so it is not cash the owners can take out. Book value and return on equity, in the ratios above, are the usual measures for it.

Year toDec 2016Dec 2017Dec 2018Dec 2019 †Dec 2020Dec 2021 †Dec 2022 †Dec 2023Dec 2024Dec 2025
Cash from operations3,6681,9843,8342,4747,253-1,8574,3115,6122,5322,799
Purchase of property, plant and equipment13118285.011415881.0n/a172143145
Free cash flow3,5371,8023,7492,3607,095-1,938n/a5,4402,3892,654
Cash from investing-1,893-339-280-430-886-803-2,863-559-337-320
Cash from financing-1,543-2,019-2,566-2,363-2,312-260-71.0-3,086-3,882-2,636
Buybacks0.01756415922000.00.01868551,707
Dividends paid1,0741,1551,2271,3181,3601,4281,6711,8821,9622,064
Filing40-F40-F40-F40-F40-F40-F40-F40-F40-F40-F
CAD million, from the cash flow statement as filed.
Read morePurchase of property, plant and equipment is the cash line as filed; purchases of intangible assets and acquisitions are not in it. Free cash flow is cash from operations less that purchase, arithmetic on the two filed lines. Cash from investing and from financing are the company's own section totals, below zero where cash went out. Buybacks are the cash paid for the company's own shares.

Balance sheet at year end

Year toDec 2016Dec 2017Dec 2018Dec 2019 †Dec 2020Dec 2021 †Dec 2022 †Dec 2023Dec 2024Dec 2025
Funded by
Equity attributable to shareholders21,95622,32123,70623,39824,46921,95722,52923,58225,55724,532
Non-controlling interests0.00.00.019.025.059.090.016176.0264
Borrowings, as filedn/an/an/an/an/an/a6,6766,1786,1798,171
Lease liabilitiesn/an/a0.0902864850952989946924
Other liabilities236,282246,791248,121272,883297,653326,278293,361302,331337,963364,564
Total equity and liabilities258,238269,112271,827297,202323,011349,144323,608333,241370,721398,455
Owned
Property, plant and equipment659624621630664612607666667651
Goodwill5,3175,1835,4125,8326,0726,5178,7058,9699,4569,530
Other intangible assets1,7031,6671,7792,0832,4773,3704,7245,1745,0585,155
Cash and cash equivalents6,5095,9567,1946,68510,6487,6939,37211,1709,9549,599
Other assets244,050255,682256,821281,972303,150330,952300,200307,262345,586373,520
Total assets258,238269,112271,827297,202323,011349,144323,608333,241370,721398,455
Filing40-F40-F40-F40-F40-F40-F40-F40-F40-F40-F
CAD million, at each fiscal year end.
Read moreBoth totals are the company's own; other liabilities and other assets are each total less the rows shown. Borrowings is the company's own stated total where it files one; it is never added up from its parts here.

Ratios on the filed lines

Year toDec 2016Dec 2017Dec 2018Dec 2019 †Dec 2020Dec 2021 †Dec 2022 †Dec 2023Dec 2024Dec 2025
Net margin9.0%7.6%9.7%6.8%5.8%11.3%51.0%7.7%8.1%8.5%
Free cash flow margin12.4%6.1%13.9%5.9%16.4%-5.4%n/a13.3%6.2%6.3%
Return on year-end equity11.8%10.0%11.0%11.6%10.2%18.4%13.1%13.4%12.2%14.5%
Effective tax rate18.0%10.8%17.0%8.8%15.1%14.3%15.1%11.7%24.0%21.2%
Filing40-F40-F40-F40-F40-F40-F40-F40-F40-F40-F

Arithmetic on the filed lines of the same year: margins over revenue, return on equity as profit attributable to shareholders over year-end equity, tax over profit before tax.

Questions

What was Sun Life Financial's revenue in 2025?

Sun Life Financial (SLF) reported revenue of CAD 41.9 billion for the year to 31 December 2025, up 8.0% on the year before.

How much did Sun Life Financial earn in 2025?

Profit attributable to shareholders was CAD 3.6 billion for the year to 31 December 2025, and diluted earnings per share CAD 6.15.

What is Sun Life Financial's P/E ratio?

At the close of 10 November 2026, Sun Life Financial traded at 16.9 times its earnings for 2025.

What is Sun Life Financial's market cap?

The market cap of Sun Life Financial was $40.7 billion at the close of 10 November 2026.

Peers: Insurance

CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Manulife Financial Corporation MFC *$74.2 billion20.3311.1%n/an/a0.153.2%
Metlife Inc. MET$64.7 billion13.3423.1%8.2%14.8%0.642.3%
Prudential Financial Inc. PRU$42.3 billion11.2313.1%7.8%6.5%0.674.5%
Sun Life Financial Inc. SLF *$40.7 billion16.8814.5%n/a8.0%0.333.6%
Reinsurance Group of America Inc. RGA$17.8 billion10.5914.7%8.0%22.5%0.461.4%
Corebridge Financial, Inc. CRBG$15.8 billion7.7032.7%16.6%13.3%0.832.8%
Globe Life Inc. GL$15.1 billion10.9417.9%23.3%5.6%0.450.8%
Voya Financial, Inc. VOYA$9.4 billion16.7716.4%8.9%-0.3%0.551.8%
Primerica, Inc. PRI$9.3 billion12.0228.2%29.4%8.3%0.211.5%
Jackson Financial Inc. JXN$9.2 billion11.2610.4%56.7%34.1%0.332.5%
Lincoln National Corp. LNC$8.1 billion2.6435.2%20.0%10.3%0.684.2%
F&G Annuities & Life, Inc. FG$3.3 billion3.3123.8%n/a-0.4%0.514.0%
All 112 in Insurance
CompanyMarket capP/EROEOp. marginSales growth
TTM		Debt to equityDiv. yield
Berkshire Hathaway Inc. BRK.B$1.25 trillion16.2910.1%14.2%6.2%n/an/a
UnitedHealth Group Inc. UNH$362.9 billion23.1315.3%5.3%3.3%0.712.2%
Chubb Ltd. CB$141.2 billion12.9215.3%22.3%5.7%0.251.1%
Progressive Corp. PGR$134.2 billion11.6733.7%16.0%7.7%0.246.0%
Marsh & McLennan Companies, Inc. MRSH$98.4 billion24.7727.1%21.4%7.6%1.271.8%
Elevance Health, Inc. ELV$92.8 billion18.3211.5%2.7%3.6%0.691.6%
Travelers Companies, Inc. TRV$82.1 billion10.4628.7%21.2%1.1%0.341.2%
Cigna Group CI$79.9 billion13.3813.8%3.4%6.8%0.722.0%
Manulife Financial Corporation MFC *$74.2 billion20.3311.1%n/an/a0.153.2%
Arthur J. Gallagher & Co. AJG$72.5 billion43.247.1%13.1%25.6%0.541.0%
Aon plc AON$71.3 billion18.4138.9%26.3%3.8%2.610.9%
Allstate Corp. ALL$65.0 billion5.9235.9%21.1%5.1%0.231.6%
Metlife Inc. MET$64.7 billion13.3423.1%8.2%14.8%0.642.3%
Aflac Inc. AFL$62.7 billion18.6212.0%25.9%-6.2%0.281.9%
Humana Inc. HUM$52.6 billion42.606.6%1.5%22.0%0.660.8%
American International Group, Inc. AIG$42.7 billion13.418.5%14.5%1.2%0.222.3%
Prudential Financial Inc. PRU$42.3 billion11.2313.1%7.8%6.5%0.674.5%
Sun Life Financial Inc. SLF *$40.7 billion16.8814.5%n/a8.0%0.333.6%
Hartford Insurance Group, Inc. HIG$36.8 billion8.3424.4%18.2%6.2%0.231.7%
Arch Capital Group Ltd. ACGL$35.5 billion8.9219.0%25.9%-3.9%0.194.6%
Centene Corp. CNC$34.7 billion24.046.6%0.5%9.7%0.70n/a
Everest Group, Ltd. EG$31.5 billion8.9313.3%13.9%-8.7%n/a1.9%
Willis Towers Watson plc WTW$30.7 billion20.3220.1%22.0%4.8%0.841.1%
Cincinnati Financial Corp. CINF$29.1 billion11.1416.5%24.8%9.9%0.051.9%
W. R. Berkley Corp. WRB$28.5 billion16.2519.4%n/a1.5%n/a2.4%
Principal Financial Group Inc. PFG$24.7 billion12.9216.7%14.7%5.2%0.372.8%
Markel Group Inc. MKL$24.2 billion14.049.7%15.7%2.5%0.24n/a
Brown & Brown, Inc. BRO$23.5 billion22.759.7%n/a26.1%0.620.9%
Loews Corp. L$22.4 billion15.378.1%10.8%2.8%0.460.2%
Reinsurance Group of America Inc. RGA$17.8 billion10.5914.7%8.0%22.5%0.461.4%
Assurant, Inc. AIZ$15.8 billion15.1617.9%9.8%9.4%n/a1.1%
Corebridge Financial, Inc. CRBG$15.8 billion7.7032.7%16.6%13.3%0.832.8%
Globe Life Inc. GL$15.1 billion10.9417.9%23.3%5.6%0.450.8%
Equitable Holdings, Inc. EQH$14.9 billion10.66n/a16.3%8.6%n/a2.1%
Renaissancere Holdings Ltd. RNR$14.5 billion10.0213.8%30.1%-20.9%0.210.5%
American Financial Group Inc. AFG$13.3 billion13.1321.6%15.2%3.3%0.394.4%
CNA Financial Corp. CNA$13.0 billion12.7010.1%8.5%2.1%0.248.1%
Unum Group UNM$12.6 billion57.632.3%2.4%-4.2%0.352.3%
Erie Indemnity Co. ERIE$12.6 billion24.7022.6%17.9%2.0%n/a2.1%
Fidelity National Financial, Inc. FNF$11.8 billion11.3014.2%17.0%6.4%0.594.7%
Molina Healthcare, Inc. MOH$10.7 billionn/a-1.2%0.4%-0.9%0.91n/a
Oscar Health, Inc. OSCR$10.4 billion13.8438.5%5.4%54.8%0.19n/a
Old Republic International Corp. ORI$9.7 billion9.1318.8%13.8%12.5%n/a9.0%
Voya Financial, Inc. VOYA$9.4 billion16.7716.4%8.9%-0.3%0.551.8%
Primerica, Inc. PRI$9.3 billion12.0228.2%29.4%8.3%0.211.5%
Jackson Financial Inc. JXN$9.2 billion11.2610.4%56.7%34.1%0.332.5%
Kinsale Capital Group, Inc. KNSL$9.0 billion17.3427.4%33.7%8.3%0.120.2%
Hanover Insurance Group, Inc. THG$8.6 billion11.9721.8%15.2%5.0%0.25n/a
Lincoln National Corp. LNC$8.1 billion2.6435.2%20.0%10.3%0.684.2%
Axis Capital Holdings Ltd. AXS$7.8 billion8.2116.1%17.5%9.8%0.211.6%
First American Financial Corp. FAF$6.9 billion9.5213.6%11.9%14.1%n/a3.2%
RLI Corp. RLI$6.3 billion16.0523.3%25.8%4.6%0.183.9%
Enact Holdings, Inc. ACT$6.3 billion9.6213.1%68.5%2.5%0.141.9%
Selective Insurance Group Inc. SIGI$6.1 billion12.4214.8%11.9%4.0%0.261.7%
Hagerty, Inc. HGTY$5.9 billionn/a23.4%4.5%-0.9%0.96n/a
Essent Group Ltd. ESNT$5.7 billion8.8312.2%59.2%9.6%n/a2.1%
Mgic Investment Corp. MTG$5.7 billion8.7514.3%73.2%-2.2%n/a2.2%
White Mountains Insurance Group Ltd. WTM$5.4 billion6.0518.1%30.7%44.9%0.170.0%
CNO Financial Group, Inc. CNO$5.3 billion13.1918.0%14.8%2.3%0.581.2%
Radian Group Inc. RDN$4.8 billion9.0012.0%38.3%65.3%0.132.8%
Mercury General Corp. MCY$4.7 billion7.2422.9%12.9%5.4%0.201.5%
Accelerant Holdings ARX$4.3 billionn/a-180.6%-110.8%n/a0.17n/a
Palomar Holdings, Inc. PLMR$4.2 billion20.1522.0%22.8%58.5%0.30n/a
Corvel Corp. CRVL$4.2 billion35.1728.2%n/a8.3%n/an/a
Neptune Insurance Holdings Inc. NP$3.9 billion91.06n/a41.3%n/an/an/a
Hamilton Insurance Group, Ltd. HG$3.8 billion7.4231.2%28.3%14.8%0.05n/a
F&G Annuities & Life, Inc. FG$3.3 billion3.3123.8%n/a-0.4%0.514.0%
Assured Guaranty Ltd. AGO$3.2 billion10.456.0%33.8%-4.2%0.322.0%
Genworth Financial Inc. GNW$3.2 billion66.810.6%3.3%-0.6%0.17n/a
SiriusPoint Ltd. SPNT$3.1 billion6.6622.5%17.6%18.1%0.30n/a
Slide Insurance Holdings, Inc. SLDE$3.1 billion5.9944.8%50.4%n/a0.02n/a
Lemonade, Inc. LMND$3.1 billionn/a-30.6%-12.6%69.5%n/an/a
Baldwin Insurance Group, Inc. BWIN$3.0 billionn/a-14.1%-9.0%24.6%2.67n/a
Porch Group, Inc. PRCH$2.9 billion274.44127.2%7.7%23.4%53.60n/a
NMI Holdings, Inc. NMIH$2.9 billion7.6114.5%68.1%6.9%n/an/a
Skyward Specialty Insurance Group, Inc. SKWD$2.8 billion14.8015.0%13.5%35.3%0.33n/a
Clover Health Investments, Corp. CLOV$2.6 billion492.503.2%0.5%54.5%0.00n/a
Brighthouse Financial, Inc. BHF$2.6 billion4.5513.6%14.0%-9.4%0.63n/a
HCI Group, Inc. HCI$2.3 billion7.6029.3%49.6%20.1%0.030.9%
Horace Mann Educators Corp. HMN$2.2 billion12.5212.5%12.5%4.2%0.422.7%
Kemper Corp. KMPR$2.0 billionn/a-19.8%n/a-8.7%0.443.7%
Goosehead Insurance, Inc. GSHD$1.6 billion33.62n/a23.3%17.7%n/an/a
Alignment Healthcare, Inc. ALHC$1.6 billion59.1510.4%0.9%35.9%1.17n/a
Safety Insurance Group Inc. SAFT$1.5 billion21.878.2%7.0%4.6%0.063.5%
Trupanion, Inc. TRUP$1.5 billion56.126.7%1.8%11.4%0.26n/a
Twfg, Inc. TWFG$1.5 billion45.9117.4%17.3%36.2%0.05n/a
Stewart Information Services Corp. STC$1.4 billion11.227.2%5.2%20.5%0.394.8%
Universal Insurance Holdings, Inc. UVE$1.3 billion6.0236.0%19.0%5.5%0.151.3%
United Fire Group Inc. UFCS$1.3 billion9.8614.6%11.5%11.6%0.161.5%
Ategrity Specialty Insurance Co. Holdings ASIC$1.2 billion12.2715.0%24.4%n/an/a0.0%
Bowhead Specialty Holdings Inc. BOW$1.1 billion19.2613.3%11.7%23.8%0.33n/a
Heritage Insurance Holdings, Inc. HRTG$995 million4.7236.1%34.1%2.3%0.12n/a
Hippo Holdings Inc. HIPO$967 million30.006.8%6.2%20.6%n/an/a
Employers Holdings, Inc. EIG$845 million26.403.5%4.1%-13.0%0.162.7%
Donegal Group Inc. DGICA$711 million10.1710.5%8.9%-3.4%n/a3.9%
Root, Inc. ROOT$664 million9.2124.8%6.7%7.9%0.60n/a
Ethos Technologies Inc. LIFE$598 millionn/a-23.0%-16.1%n/an/an/a
Crawford & Co. CRD-A$574 million22.7214.1%3.9%-3.6%0.812.5%
American Integrity Insurance Group, Inc. AII$551 million6.2523.8%36.2%29.3%0.00n/a
Greenlight Capital RE, Ltd. GLRE$532 million9.648.4%8.8%3.7%0.01n/a
Investors Title Co. ITIC$511 million13.6212.8%16.0%10.2%n/a3.9%
American Coastal Insurance Corp. ACIC$485 million5.8624.5%37.7%-5.3%0.427.3%
Amerisafe Inc. AMSF$368 million9.2417.0%15.0%7.7%n/a8.2%
Kingstone Companies, Inc. KINS$330 million7.9330.7%21.2%24.5%0.030.7%
NI Holdings, Inc. NODK$311 million21.226.1%7.7%-12.9%0.01n/a
Octave Specialty Group Inc. OSG$246 millionn/a-9.0%-17.5%36.0%0.23n/a
Mbia Inc. MBI$244 millionn/an/a-155.2%18.0%n/an/a
Kingsway Corp. KWY$242 millionn/a-79.5%0.7%23.6%5.13n/a
Citizens, Inc. CIA$223 million27.504.0%3.8%4.1%n/an/a
James River Group Holdings, Inc. JRVR$148 millionn/a-54.1%-26.5%-2.8%n/a1.2%
Roadzen Inc. RDZN$95 millionn/an/a-21.6%30.5%n/an/a
Ryan Specialty Holdings, Inc. RYANn/an/a23.4%15.6%9.8%8.231.1%
14 companies share its SEC industry code (Life Insurance); the rest are the names nearest in size in its wider industry, Insurance, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Annual reports on EDGAR

FormYear toFiled
40-F31 December 202512 February 2026EDGAR
40-F31 December 202413 February 2025EDGAR
40-F31 December 20238 February 2024EDGAR
40-F31 December 20229 February 2023EDGAR
40-F31 December 202110 February 2022EDGAR
40-F31 December 202011 February 2021EDGAR
40-F31 December 201914 February 2020EDGAR
40-F31 December 201815 February 2019EDGAR
40-F31 December 201716 February 2018EDGAR
40-F31 December 201616 February 2017EDGAR
40-F31 December 201511 February 2016EDGAR
40-F31 December 201412 February 2015EDGAR