Specialty Insurance industry stocks

15 companies in the Specialty Insurance industry. 14 have a published intrinsic value and 10 trade at least 20% below it.

The median company in Specialty Insurance with a published value trades 30% below our estimate of intrinsic value.

Values as of the 22 Sept 2026 close.

Most undervalued stocks in Specialty Insurance

Octave Specialty Group Inc (OSG): undervalued, +72% margin of safety
Axis Capital Holdings Ltd (AXS): undervalued, +52% margin of safety
NMI Holdings Inc (NMIH): undervalued, +45% margin of safety
Radian Group Inc (RDN): undervalued, +36% margin of safety
MGIC Investment Corp (MTG): undervalued, +35% margin of safety
Enact Holdings Inc (ACT): undervalued, +32% margin of safety
Essent Group Ltd (ESNT): undervalued, +32% margin of safety
Amerisafe Inc (AMSF): undervalued, +28% margin of safety
James River Group Holdings Inc (JRVR): undervalued, +28% margin of safety
First American Financial Corp (FAF): undervalued, +22% margin of safety

Liquid names only: at least $1M traded a day and $50M of market value.

Largest companies in Specialty Insurance

Fidelity National Financial Inc (FNF): overvalued, -23% margin of safety
First American Financial Corp (FAF): undervalued, +22% margin of safety
Axis Capital Holdings Ltd (AXS): undervalued, +52% margin of safety
Enact Holdings Inc (ACT): undervalued, +32% margin of safety
MGIC Investment Corp (MTG): undervalued, +35% margin of safety
Essent Group Ltd (ESNT): undervalued, +32% margin of safety
Radian Group Inc (RDN): undervalued, +36% margin of safety
NMI Holdings Inc (NMIH): undervalued, +45% margin of safety
Assured Guaranty Ltd (AGO): slightly undervalued, +18% margin of safety
Employers Holdings Inc (EIG): overvalued, -186% margin of safety
Investors Title Co (ITIC): fairly valued, +5% margin of safety
Amerisafe Inc (AMSF): undervalued, +28% margin of safety
MBIA Inc (MBI): not valued
Octave Specialty Group Inc (OSG): undervalued, +72% margin of safety
James River Group Holdings Inc (JRVR): undervalued, +28% margin of safety

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