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Based on key financial metrics such as the price-to-sales ratio, shareholder yield and the price-earnings ratio, the following 5 stocks made the list for top value stocks in the Insurance industry. Those looking for value stocks to add to their portfolio may want to use this list as a starting point for further investment research.

Why Focus on Undervalued Insurance Stocks?

Value investors seek to buy stocks at a discount to their intrinsic value. Long-term returns show that such strategies are advantageous. Value stocks, as a group, tend to outperform growth stocks over extended periods of time. Typically, value investors perform financial analysis of numerous metrics, don’t follow the herd and are long-term investors.

AAII’s A+ Investor Value Grade is derived from a stock’s Value Score. The Value Score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

What Goes Into AAII’s Value Grade?

Stock evaluation requires access to huge amounts of data as well as the knowledge and time to sift through it all, make sense of financial ratios, read income statements and analyze recent stock movement. AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way suitable for investors of all knowledge levels, to help investors with that task.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A–F grades for more than just value. It is possible for a stock to appear cheap based on one valuation metric but appear expensive on another. It is also possible for one valuation ratio to be associated with outperforming stocks during certain periods of time but not others. Some stocks may even have null values for certain metrics like the price-earnings ratio or the price-to-book ratio but not others. An example of this would be a company with losses instead of profits or a negative book value because of heavy borrowing. Negative earnings or book value result in non-meaningful ratios that are left blank or null.

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5 Undervalued Insurance Stocks

Of course, there are countless value stocks that are worth mentioning, but this is a concise list of the top 5 undervalued stocks in the Insurance industry for Saturday, July 04, 2026. Let’s take a closer look at their individual scores to see how they measure up against each other and the Insurance industry median.

Company	Ticker	Price/Sales	Price/Earnings	EV/EBITDA	Shareholder Yield	Price/Book Value	Price/Free Cash Flow	Value Grade
Assurant, Inc.	AIZ	1.07	14.3	7.7	3.5%	2.37	11.0	B
Bowhead Specialty Holdings Inc.	BOW	1.76	18.2	12.8	(0.4%)	2.25	3.0	B
Chubb Limited	CB	2.34	12.8	9.7	3.6%	1.90	10.4	B
Globe Life Inc.	GL	2.41	12.5	8.8	6.7%	2.31	12.7	B
Sun Life Financial Inc.	SLF	1.27	20.7	11.0	4.9%	2.62	14.2	B

The Value Grade is assigned based on how each stock’s composite valuation compares to all other stocks.

The process for assigning grades starts with each variable for a given stock. The percentile rankings for all valid ratios that a stock has are calculated. So, for instance, a stock could have a price-to-book ranking in the 43rd percentile, a price-earnings ranking in the 67th percentile, a price-to-sales ranking in the 23rd percentile, etc. Then, those rankings are averaged for each stock. (A minimum of two valid variables are required, though all six will be used if available.)

Once the average of the individual variables is calculated, that average is ranked against all stocks. Put another way, each stock’s composite valuation is compared to all other stocks. These ranks are then sorted into quintiles from the cheapest 20% (a grade of A) to the most expensive 20% (a grade of F).

As always, we recommend that you conduct proper due diligence and research before investing in any security. We also suggest that investors utilize numerous grades, not just value, when it comes to deciding whether a company is a good fit for their allocation needs.

Assurant, Inc.’s Value Grade

Value Grade:

Metric	Score	AIZ	Industry Median
Price/Sales	32	1.07	1.29
Price/Earnings	34	14.3	13.6
EV/EBITDA	23	7.7	8.9
Shareholder Yield	22	3.5%	1.3%
Price/Book Value	56	2.37	1.75
Price/Free Cash Flow	26	11.0	8.7

Assurant, Inc. provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific. It operates through Global Lifestyle and Global Housing segments. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment protection, and other related services. The Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; renters insurance and other products; and voluntary manufactured housing, and condominium and homeowners insurance products. The company was formerly known as Fortis, Inc. and changed its name to Assurant, Inc. in February 2004. Assurant, Inc. was founded in 1892 and is headquartered in Atlanta, Georgia.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Assurant, Inc. has a Value Score of 80, which is considered to be undervalued.

When you look at Assurant, Inc.’s price-to-sales ratio at 1.07 compared to the industry median at 1.29, this company has a lower price relative to revenue compared to its peers. This could make Assurant, Inc.’s stock more attractive for value investors.

Assurant, Inc.’s price-earnings ratio is 14.30 compared to the industry median at 13.60. This means it has a higher share price relative to earnings compared to its peers. This could make Assurant, Inc. less attractive for value investors.

Now, let’s assess Assurant, Inc.’s EV/EBITDA ratio, also known as enterprise multiple. At 7.7, when compared to the industry median of 8.9, the company may be considered undervalued in relation to its peers. Value investors could use the enterprise multiple to identify stocks that are considered overvalued or undervalued relative to their industry.

Shareholder yield is the sum of a stock’s dividend yield (paid over previous 12 months minus special dividends) and the percentage of net share buybacks over the previous 12 months. Assurant, Inc.’s shareholder yield is higher than its industry median ratio of 1.30%. Value investors may look for an attractive shareholder yield because it can be a powerful tool for identifying if the company has a good management team.

As one of the most common value metrics, the price-to-book ratio evaluates a company’s current market price relative to its book value. Assurant, Inc.’s price-to-book ratio is higher than its industry median ratio of 1.75. This could make Assurant, Inc. less attractive to investors looking for a new addition to their portfolio.

Lastly, let’s take a look at Assurant, Inc.’s price-to-free-cash-flow ratio (P/FCF), which can indicate a company’s market value relative to its operating cash flow. Assurant, Inc.’s price-to-free-cash-flow ratio is higher than its industry median ratio of 8.70. This could make Assurant, Inc. less attractive because the higher P/FCF ratio indicates that Assurant, Inc. is undervalued. The P/FCF ratio metric can also be viewed over a long-term time frame to see if the company's cash flow to share price value is generally improving or worsening.

Bowhead Specialty Holdings Inc.’s Value Grade

Value Grade:

Metric	Score	BOW	Industry Median
Price/Sales	44	1.76	1.29
Price/Earnings	46	18.2	13.6
EV/EBITDA	51	12.8	8.9
Shareholder Yield	51	(0.4%)	1.3%
Price/Book Value	54	2.25	1.75
Price/Free Cash Flow	6	3.0	8.7

Bowhead Specialty Holdings Inc. provides commercial specialty property and casualty insurance products in the United States. It underwrites casualty insurance solutions for risks in the construction, distribution, heavy manufacturing, real estate, and hospitality segments; professional liability insurance solutions, including directors and officers liability, errors and omissions liability, employment practices liability, fiduciary liability, fidelity liability and miscellaneous professional liability, crime insurance, and cyber for financial institutions; and healthcare solutions for hospitals, senior care providers, managed care organizations, miscellaneous medical facilities, and management liability segments. In addition, it offers Baleen Specialty, a technology-powered underwriting operation, that specializes in small to mid-sized risks that are not eligible in the admitted market. It distributes its products through distribution partners in wholesale and retail markets. The company was formerly known as Bowhead Holdings Inc. and changed its name to Bowhead Specialty Holdings Inc. in March 2024. The company was founded in 2020 and is based in New York, New York.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Bowhead Specialty Holdings Inc. has a Value Score of 61, which is considered to be undervalued.

Bowhead Specialty Holdings Inc.’s price-earnings ratio is 18.2 compared to the industry median at 13.6. This means that it has a higher price relative to its earnings compared to its peers. This makes Bowhead Specialty Holdings Inc. less attractive for value investors.

Bowhead Specialty Holdings Inc.’s price-to-book ratio is lower than its peers. This could make Bowhead Specialty Holdings Inc. more attractive for value investors when compared to the industry median at 1.75.

You can read more about Bowhead Specialty Holdings Inc.’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Chubb Limited’s Value Grade

Value Grade:

Metric	Score	CB	Industry Median
Price/Sales	52	2.34	1.29
Price/Earnings	28	12.8	13.6
EV/EBITDA	35	9.7	8.9
Shareholder Yield	21	3.6%	1.3%
Price/Book Value	48	1.90	1.75
Price/Free Cash Flow	23	10.4	8.7

Chubb Limited provides insurance and reinsurance products worldwide. It operates in six segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance. The company offers property and general liability, workers' compensation, and umbrella; professional and management liability; environmental, health, and international coverages; and claims and risk management products and services, loss control, and engineering and complex claims management. It also provides homeowners, automobile and collector cars, valuable articles, and personal and excess liability insurance. In addition, the company offers multiple peril crop insurance and crop-hail insurance for farm, ranch, specialty (P&C), and commercial agriculture products; product and employer liability, business interruption, and specialty risk; property insurance products, including traditional commercial fire coverage, energy industry-related, marine, construction, and other technical coverages; personal accident and supplemental medical coverages, such as accidental death, business/holiday travel, specified disease, disability, medical and hospital indemnity, and income protection; and directors and officers, professional indemnity, cyber, surety, aviation, political risk, and specialty personal lines products. Further, it provides property catastrophe reinsurance; traditional and specialty P&C reinsurance; and protection and savings products, which includes individual and group term life, dental, critical illness, dementia, hospital cash, credit life, group employee benefits, whole life, universal life, unit linked contracts, endowment plans, and annuities. The company was formerly known as ACE Limited and changed its name to Chubb Limited in January 2016. Chubb Limited was incorporated in 1985 and is headquartered in Zurich, Switzerland.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Chubb Limited has a Value Score of 76, which is considered to be undervalued.

Chubb Limited’s price-earnings ratio is 12.8 compared to the industry median at 13.6. This means that it has a lower price relative to its earnings compared to its peers. This makes Chubb Limited more attractive for value investors.

Chubb Limited’s price-to-book ratio is lower than its peers. This could make Chubb Limited more attractive for value investors when compared to the industry median at 1.75.

You can read more about Chubb Limited’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Globe Life Inc.’s Value Grade

Value Grade:

Metric	Score	GL	Industry Median
Price/Sales	53	2.41	1.29
Price/Earnings	26	12.5	13.6
EV/EBITDA	29	8.8	8.9
Shareholder Yield	10	6.7%	1.3%
Price/Book Value	55	2.31	1.75
Price/Free Cash Flow	31	12.7	8.7

Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States. It operates in three segments: Life Insurance, Supplemental Health Insurance, and Investments. The company offers whole, term, and other life insurance products, as well as life insurance for children; Medicare supplement and limited-benefit supplemental health insurance products, such as accident, cancer, critical illness, heart, intensive care, and other health products; and final expense, accidental death, mortgage protection, and hospital insurance products. It sells its products through direct-to-consumer channels, exclusive independent agents, general agency independent agents, and brokers. The company was formerly known as Torchmark Corporation and changed its name to Globe Life Inc. in August 2019. Globe Life Inc. was founded in 1900 and is headquartered in McKinney, Texas.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Globe Life Inc. has a Value Score of 77, which is considered to be undervalued.

Globe Life Inc.’s price-earnings ratio is 12.5 compared to the industry median at 13.6. This means that it has a lower price relative to its earnings compared to its peers. This makes Globe Life Inc. more attractive for value investors.

Globe Life Inc.’s price-to-book ratio is lower than its peers. This could make Globe Life Inc. more attractive for value investors when compared to the industry median at 1.75.

You can read more about Globe Life Inc.’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Sun Life Financial Inc.’s Value Grade

Value Grade:

Metric	Score	SLF	Industry Median
Price/Sales	36	1.27	1.29
Price/Earnings	52	20.7	13.6
EV/EBITDA	41	11.0	8.9
Shareholder Yield	16	4.9%	1.3%
Price/Book Value	59	2.62	1.75
Price/Free Cash Flow	36	14.2	8.7

Sun Life Financial Inc., a financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability. The company also provides investments products, such as mutual funds, segregated funds, annuities, and guaranteed investment products; financial planning services; and asset management products, including pooled funds, institutional portfolios and pension funds. The company was formerly known as Sun Life Financial Services of Canada Inc. and changed its name to Sun Life Financial Inc. in July 2003. Sun Life Financial Inc. was founded in 1871 and is headquartered in Toronto, Canada.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are value and so on.

Sun Life Financial Inc. has a Value Score of 65, which is considered to be undervalued.

Sun Life Financial Inc.’s price-earnings ratio is 20.7 compared to the industry median at 13.6. This means that it has a higher price relative to its earnings compared to its peers. This makes Sun Life Financial Inc. less attractive for value investors.

Sun Life Financial Inc.’s price-to-book ratio is lower than its peers. This could make Sun Life Financial Inc. more attractive for value investors when compared to the industry median at 1.75.

You can read more about Sun Life Financial Inc.’s key financial metrics like shareholder yield, price-to-free-cash-flow and EV/EBITDA ratio, or learn more about its Momentum and Growth Grades, by subscribing to A+ Investor.

Other Insurance Stock Grades

Value is just one of the five Stock Grades included in our A+ Investor service. AAII members can see the top-graded stocks—those with grades of A or B for value, growth, momentum, earnings estimate revisions and quality—on the A+ Stock Grades Screener.

Also, if you want full access to all of AAII’s premium services, you can subscribe to one convenient bundled plan called AAII Platinum where you can try out A+ Investor, AAII Dividend Investing, the Stock Superstars Report, Growth Investing and VMQ Stocks. With the other premium services, you can dive deep into additional metrics, portfolios, commentary and information about Insurance stocks as well as other industrys.

Choosing Which of the 5 Best Insurance Stocks Is Right for You

Choosing which value stocks to invest in will ultimately depend on your individual goals and allocation; however, comparing similar value stocks in the same industry can help you analyze which might be better investments for you in the long run. So, let’s take a look at the Value Grade for all of our stocks.

Assurant, Inc. stock has a Value Grade of B.
Bowhead Specialty Holdings Inc. stock has a Value Grade of B.
Chubb Limited stock has a Value Grade of B.
Globe Life Inc. stock has a Value Grade of B.
Sun Life Financial Inc. stock has a Value Grade of B.

Now that you have a bit more background about each of the 5 undervalued stocks in the Insurance industry as well as their overall grades, it’s time for you to conduct additional research to see if these could fit your portfolio needs based on your goals and risk tolerance. AAII can help you figure out both and identify which investments align with what works best for you.

We do so through a program of education that teaches you to invest for yourself and become an effective manager of your own wealth—no more relying on others for your financial independence. You can rely on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis that makes you a better investor.

A+ Investor adds to that qualitative teaching by giving you a powerful data suite that helps you whittle down investment decisions to find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.

Additional Resources About Insurance Stocks

Want to learn more about Insurance stocks to see if they could be the right investment for you? Check out some additional resources and articles to help you on your financial journey.

AAII Disclaimer

We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown, because past, hypothetical or simulated performance is not necessarily indicative of future results. Before making an investment decision, you should consider your circumstances and whether the information on our content is applicable to your situation. This information was prepared in good faith and we accept no liability for any errors or omissions. The full disclaimer can be read here.