Valuation Trading Multiples & Precedent Transactions: Property and Casualty Insurance Companies
Valuation benchmarks for Property and Casualty Insurance Companies. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
1.1 - Property and Casualty Insurance Companies Market Context & Valuation Drivers
Public companies in this group underwrite and service property and casualty insurance across personal, commercial, and specialty lines, earning premiums and investment income on insurance float. They assume and price risk, manage claims, and maintain regulated capital to absorb losses. Analysts use them as public trading comparables and valuation benchmarks given shared underwriting models, product mixes, exposure to catastrophe cycles, and common metrics such as combined ratio and ROE.
Typical capabilities include underwriting personal auto and homeowners policies, commercial property, general liability and workers’ compensation, and specialty lines such as marine, aviation, and trade credit. Many also provide medical stop-loss and facultative or treaty reinsurance. Core functions span actuarial pricing, catastrophe risk modeling, distribution via agents and brokers, digital claims handling, loss prevention/risk engineering, and investment management of float to enhance returns while supporting statutory capital and solvency.
Primary customers include individual policyholders for personal lines, and small-to-large enterprises across industrial, retail, and service sectors for commercial and specialty coverage. Distribution partners such as brokers are critical channels. Key valuation drivers include gross written premium growth, combined and loss ratios, underwriting margin, policy renewal and retention rates, investment income yield, and return on equity, alongside disciplined catastrophe exposure management and capital adequacy.
2. Valuation Analysis: Public Trading Comps & Multiples for Property and Casualty Insurance Companies companies
2.1 - Public Peer Groups & Median Valuation Multiples for Property and Casualty Insurance Companies sector
Comparable group 1: Property and Casualty Insurance Companies
QBE Insurance
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of general insurance and reinsurance solutions, offering products across commercial, personal, and specialty lines in various international markets to manage and mitigate risk effectively.
- Key Products:
- General Insurance: Covers commercial, personal, and specialty risks globally
- Reinsurance Services: Offers reinsurance to manage risk portfolios
- Medical Stop Loss: Provides medical stop loss products for businesses
- Property Casualty: Offers coverage including property, workers' compensation, and commercial auto
- Risk Management Solutions: Delivers on-site wellbeing and risk prevention programs.
Intact Financial Corp.
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of property and casualty insurance with a strong presence in Canada, offering personal, commercial, and specialty insurance products supported by advanced technology and data-driven solutions.
- Key Products:
- Home Insurance: Provides comprehensive coverage for homeowners and renters
- Auto Insurance: Offers standard and specialized automobile insurance plans
- Business Insurance: Covers small to large commercial enterprises with tailored policies
- Specialty Insurance: Provides niche insurance solutions for various sectors
- Risk Management Services: Delivers consulting and tools to manage risk effectively.