- NMIH Stock Trading at a Discount to Industry at 1.08X: Time to Hold?
May 18, 2026
NMI Holdings Inc. NMIH shares are trading at a discount compared with the Zacks Property and Casualty Insurance industry. Its forward price-to-book value of 1.08X is lower than the industry average of 1.37X, the Finance sector’s 4.28X, and the Zacks S&P 500 composite’s 8.08X. The stock has a Value Score of A. This style score helps find the most attractive value stocks.
The insurer has a market capitalization of $2.85 billion. The average volume of shares traded in the last three months was 0.4 million. The insurer has a solid track record of beating earnings estimates in three of the past four quarters and matching in one, with an average of 3.16%.Zacks Investment Research
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Shares of Axis Capital Holdings Limited AXS, First American Financial Corporation FAF, and RenaissanceRe Holdings Ltd. RNR are also trading at a discount to the industry average.
NMIH is an Outperformer
Shares of NMIH have lost 1.8% in the past year compared with the industry’s decline of 6.7%.Zacks Investment Research
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NMIH’s Encouraging Growth Projection
The Zacks Consensus Estimate for NMI Holdings’ 2026 earnings per share indicates a year-over-year increase of 4.6%. The consensus estimate for revenues is pegged at $743.38 million, implying a year-over-year improvement of 5.2%. The consensus estimate for 2027 earnings per share and revenues indicates an increase of 6.2% and 2.8%, respectively, from the corresponding 2026 estimates.
Average Target Price for NMIH Suggests Upside
Based on short-term price targets offered by six analysts, the Zacks average price target is $46.17 per share. The average suggests a potential 22.9% upside from the last closing price.Zacks Investment Research
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NMI Holdings’ Favorable Return on Capital
Return on equity (ROE) for the trailing 12 months was 15.1%, which compared favorably with the industry’s 7.4%. This reflects its efficiency in utilizing shareholders’ funds.
Key Points to Note for NMIH
NMIH stands to gain from new business opportunities in a growing mortgage insurance market. NMI Holdings’ mortgage insurance portfolio is expected to create a strong foundation for future earnings.
Growth in monthly and single premium policy production is tied to the increased penetration of existing customer accounts. New customer account activation will also drive results.
In order to enhance its return profile, absorb losses, provide efficient growth capital and mitigate the impact of credit volatility, NMI Holdings has a comprehensive reinsurance program for its in-force portfolio.
NMI Holdings boasts a strong capital position. As of March 31, 2026, total PMIERs available assets were $3.6 billion, and net risk-based required assets totaled $2.2 billion at the end of first-quarter 2026. NMI Holdings aims to generate solid mid-teens returns for its shareholders. NMIH also has access to $250 million of undrawn revolving credit capacity under the 2024 Revolving Credit Facility.
In February 2025, the board authorized a new $250 million share repurchase program effective through Dec. 31, 2027. As of March 31, 2026, NMIH had $198.2 million of repurchase authority remaining.
All these together should help the insurer continue to generate solid mid-teens shareholders’ returns.
Story Continues
End Notes
NMI Holdings is well-positioned for growth on new primary insurance written, direct primary insurance in force and a comprehensive reinsurance program.
NMIH should also benefit from a higher return on capital, favorable growth estimates and the affordability of shares. The stock also has a VGM Score of B. The VGM Score helps identify stocks with the most attractive value, best growth and the most promising momentum.
It is, therefore, wise to hold on to this Zacks Rank #3 (Hold) stock at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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- Axis Capital Declares Quarterly Dividends
May 13, 2026
AXIS Specialty US Services Inc.
PEMBROKE, Bermuda, May 13, 2026 (GLOBE NEWSWIRE) -- AXIS Capital Holdings Limited ("AXIS Capital" or the “Company”) (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on July 15, 2026 to shareholders of record at the close of business on June 30, 2026.
In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share) payable on July 15, 2026 to shareholders of record at the close of business on June 30, 2026.
About AXIS Capital
AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders' equity of $6.4 billion at March 31, 2026, and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a financial strength rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.
Follow AXIS Capital on LinkedIn and X Corp.
Investor Contact Media Contact Cliff Gallant Nichola Liboro +1 (415) 262-6843 +1 (212) 940-3394 investorrelations@axiscapital.com nichola.liboro@axiscapital.com
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- Axis Capital Declares Quarterly Dividends
May 13, 2026 · globenewswire.com
PEMBROKE, Bermuda, May 13, 2026 (GLOBE NEWSWIRE) -- AXIS Capital Holdings Limited ("AXIS Capital" or the “Company”) (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on July 15, 2026 to shareholders of record at the close of business on June 30, 2026.
- AXIS CAPITAL DECLARES QUARTERLY DIVIDENDS
May 13, 2026
PEMBROKE, BERMUDA, MAY 13, 2026 (GLOBE NEWSWIRE) -- AXIS CAPITAL HOLDINGS LIMITED ("AXIS CAPITAL" OR THE “COMPANY”) (NYSE: AXS) TODAY ANNOUNCED THAT ITS BOARD OF DIRECTORS HAS DECLARED A QUARTERLY DIVIDEND OF $0.44 PER COMMON SHARE PAYABLE ON JULY 15, 2026 TO SHAREHOLDERS OF RECORD AT THE CLOSE OF BUSINESS ON JUNE 30, 2026.
- SIGI Stock Near 52-Week High: A Signal for Investors to Hold Tight?
May 11, 2026
Shares of Selective Insurance Group, Inc. SIGI closed at $84.78 on Friday, near its 52-week high of $91.63. This proximity underscores investor confidence. It has the ingredients for further price appreciation.
The stock is trading above the 50-day and 200-day simple moving averages (SMA) of $79.66 and $80.47, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.Zacks Investment Research
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SIGI is an Outperformer
Shares of Selective Insurance have gained 1.3% in the year-to-date period, outperforming the Finance sector’s growth of 0.2% and the industry’s decline of 12.2%.
Selective Insurance has outperformed its peers, including Axis Capital Holdings Limited AXS, NMI Holdings Inc. NMIH and W.R. Berkley Corporation WRB. Shares of AXS, NMIH and WRB have lost 7.2%, 4.7% and 6.3%, respectively, in the year-to-date period.Zacks Investment Research
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SIGI’s Growth Projection Encourages
The Zacks Consensus Estimate for Selective Insurance’s 2026 earnings per share indicates a year-over-year increase of 5.1%. The consensus estimate for revenues is pegged at $5.51 billion, implying a year-over-year improvement of 3.4%. The consensus estimate for 2027 earnings per share and revenues indicates an increase of 13.8% and 3.4%, respectively, from the 2026 estimates.
Selective Insurance has an impressive Growth Score of B. This style score helps analyze the growth prospects of a company.
Optimistic Analyst Sentiment for SIGI
Two of the five analysts covering the stock have raised estimates for both 2026 and 2027 over the past 30 days. Thus, the Zacks Consensus Estimate for 2026 and 2027 earnings has moved north 0.6% and 0.5%, respectively, over the past 30 days.
Target Price Reflects Potential Upside
Based on short-term price targets offered by seven analysts, the Zacks average price target is $90.14 per share. The average indicates a potential 6.3% upside from the last closing price.Zacks Investment Research
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Factors Favoring SIGI Stock
Exposure growth, solid retention rates and higher new business gains in standard commercial and excess and surplus (E&S) lines should drive premium growth.
Steady betterment of premiums, improved net investment income and higher other income have resulted in top-line improvement.
The E&S Lines segment of Selective Insurance is likely to improve because of renewal pure price increases, higher direct new business and favorable E&S lines marketplace conditions.
Given impressive investment results, Selective Insurance expects after-tax net investment income of $465 million in 2026. Strong and reliable returns from its growing fixed-income portfolio, supported by higher returns from its non-fixed income portfolio, are likely to drive the metric.
Selective Insurance flaunts a sound capital structure and remains committed to enhancing shareholders' value while improving its financial strength and underwriting capabilities. As of March 31, 2026, stockholders’ equity was $3.6 billion, and the net premiums written to policyholders’ surplus ratio was 1.35x, indicating capacity to support underwriting and geographic expansion. Debt-to-total capitalization was 20.1% at quarter-end, and long-term debt was $901 million, which management has kept stable since year-end 2025. This balance supports continued investment in underwriting, claims and technology capabilities while maintaining room for shareholder returns.
Story Continues
Impressive Wealth Distribution
Selective Insurance continues to return capital through dividends and repurchases while keeping flexibility for underwriting and investment opportunities. From a valuation perspective, the stock’s multiples remain below broader market averages, and consensus expectations imply relatively steady earnings power, with 2026 EPS estimated at $7.45 and 2027 EPS estimated at $8.70. This combination supports long-term total return potential, even as near-term premium growth is moderated by underwriting choices.
SIGI’s Favorable Return on Capital
Return on equity in the trailing 12 months was 13.7%, better than the industry average of 7.3%. This highlights the company’s efficiency in utilizing shareholders’ funds.
Conclusion
While Selective Insurance remains well-positioned to gain from strong renewal, fuel price increases, favorable E&S lines marketplace conditions and higher income earned on fixed-income securities portfolio, the specific challenges facing the company, like exposure to catastrophe loss and escalating expenses, cannot be ignored.
SIGI also has a VGM Score of A. Stocks with a favorable VGM Score are those with the most attractive value, best growth and most promising momentum compared with peers.
SIGI should benefit from favorable growth estimates, higher return on capital and prudent capital deployment. It is, therefore, wise to hold on to this Zacks Rank #3 (Hold) stock at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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- MET Tops Q1 EPS Estimates on Strong Investment Income and Volume Growth
May 7, 2026
MetLife, Inc. MET reported first-quarter 2026 adjusted operating earnings per share (EPS) of $2.42, which beat the Zacks Consensus Estimate by 7.6%. The bottom line advanced 23% year over year.
Adjusted operating revenues improved 4.5% year over year to $19.7 billion. The top line surpassed the consensus mark by 2.4%.
MetLife’s first-quarter results benefited from improved net investment income, favorable underwriting results and solid business volume growth across segments. Growth in adjusted PFOs and strong performances in Group Benefits, Asia and EMEA also supported results. However, higher expenses, unfavorable tax-related items in Latin America and a wider-than-expected loss in the Corporate & Other unit partially offset the upside.
MetLife, Inc. Price, Consensus and EPS SurpriseMetLife, Inc. Price, Consensus and EPS Surprise
MetLife, Inc. price-consensus-eps-surprise-chart | MetLife, Inc. Quote
Behind the Headlines
Adjusted PFOs, excluding pension risk transfer (PRT), were $13.3 billion. The metric inched up 10% year over year.
Adjusted net investment income grew 5% year over year to $5.5 billion on the back of growth in assets and improved variable investment income.
Total expenses of $17.6 billion escalated 2% year over year due to increased policyholder benefits and claims, and other expenses, net of capitalization of DAC. Adjusted expense ratio, excluding total notable items related to adjusted other expenses and PRT, deteriorated 30 basis points year over year to 20.3%.
Net income of $1.1 billion rose 29.7% year over year in the first quarter. Adjusted return on equity, excluding total notable items, improved 260 bps year over year to 17%.
Inside MetLife’s Segments
Group Benefits: The segment reported adjusted earnings of $439 million in the first quarter, reflecting a 19% year-over-year increase and exceeding the Zacks Consensus Estimate by 22.5%. The strong performance was driven by improved underwriting results and continued business volume growth. Adjusted PFOs rose 2% year over year to $6.5 billion.
RIS: Adjusted earnings totaled $451 million, which inched up 11% year over year and beat the consensus mark by 6.4%. Improved variable investment income and favorable underwriting results benefited the metric. Adjusted PFOs, excluding PRT, advanced 58% year over year to $1.5 billion.
Asia: The unit recorded adjusted earnings of $487 million, which rose 31% year over year and beat the Zacks Consensus Estimate by 9.7%. The metric was supported by improved variable investment income and volume growth. Adjusted PFOs rose 3% year over year to $1.7 billion in the quarter.
Story Continues
Latin America: Adjusted earnings of $229 million increased 5% year over year on a reported basis but declined 9% year over year on a constant-currency basis. The metric exceeded the consensus estimate by 5.9%, driven by volume growth and favorable underwriting results, partially offset by unfavorable tax-related items. Adjusted PFOs were $1.9 billion, up 25% year over year on a reported basis and 11% on a constant-currency basis, driven by solid business growth and strong persistency across the region.
EMEA: The segment recorded adjusted earnings of $110 million in the first quarter, which advanced 33% year over year and beat the Zacks Consensus Estimate by 23%. Strong volumes aided the metric. Adjusted PFOs rose 19% year over year to $797 million on the back of solid policy renewal across the region.
Metlife Investment Management: The segment recorded adjusted earnings of $47 million, which advanced 68% year over year on the back of strong business growth and expense management. However, the metric missed the Zacks Consensus Estimate by 9.2%.
Corporate & Other: The unit incurred an adjusted loss of $177 million, wider than the prior-year quarter’s loss of $129 million.
Financial Update (as of March 31, 2026)
MetLife exited the first quarter with cash and cash equivalents of $22.7 billion, up from $22 billion at the end of 2025. Total assets were $743.2 billion as of March 31, 2026, compared with $745.2 billion as of 2025-end.
Long-term debt totaled $14.4 billion, slightly lower than $14.5 billion at the end of 2025, while short-term debt amounted to $404 million.
Total equity was $27.6 billion compared with $28.7 billion as of 2025-end. Book value per share increased 7.8% year over year to $37.92 as of March 31, 2026.
Capital Deployment Update
MetLife bought back shares worth $750 million in the first quarter. It pursued additional repurchases of roughly $200 million in April 2026. Management paid common stock dividends of $350 million in the quarter under review.
MET’s 2026 Outlook
Management still expects a pre-tax variable investment income of around $1.6 billion for 2026. The expense ratio was earlier projected to be 12.1%.
Corporate & Other adjusted losses were earlier projected to be between $500 million and $700 million. The effective tax rate was projected to be 24-26%.
Near-Term Targets
MetLife expects adjusted PFOs in the Group Benefits business to rise in the range of 4-7% annually. Adjusted PFOs in the Latin America unit are expected to witness high-single-digit growth on a constant-currency basis, while those in the EMEA unit are guided to grow at a high-single-digit rate on a reported basis.
MetLife aims to achieve an adjusted return on equity in the range of 15-17%. The company also expects to deliver double-digit adjusted EPS growth in the near term.
MET’s Zacks Rank
MET currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
Companies belonging to the broader Finance space, such as American International Group, Inc. AIG, AXIS Capital Holdings Limited AXS and Selective Insurance Group SIGI, have also posted their quarterly results. Here’s how they have performed:
American International reported first-quarter 2026 adjusted earnings per share of $2.11, which topped the Zacks Consensus Estimate of $1.90. The bottom line surged 80.3% year over year. American International’s adjusted operating revenues advanced 5.4% year over year to $6.97 billion. The top line beat the consensus mark by 1.2%. The strong quarterly performance was fueled by better underwriting, alongside lower catastrophe losses and a decline in total losses and expenses. However, the upside was partly offset by lower investment income.
AXIS Capital reported first-quarter 2026 operating income of $3.42 per share, which outpaced the Zacks Consensus Estimate of $3.23 and rose 7.9% year over year. Total operating revenues of $1.7 billion marginally beat the Zacks Consensus Estimate by 0.4%. The top line rose nearly 7.7% year over year on higher premiums earned. AXIS Capital’s quarterly results benefited from higher net premiums earned and stronger underwriting income, partly offset by lower net investment income and higher expenses.
Selective Insurance reported first-quarter 2026 operating income of $1.69 per share, which missed the Zacks Consensus Estimate by 2.3%. The bottom line decreased 11% year over year. SIGI’s operating revenues of $1.4 billion increased 6.4% from the year-ago quarter’s level, driven primarily by higher net premiums earned and net investment income. The top line missed the Zacks Consensus Estimate by 0.5%. Net premiums written decreased 1% to $1.3 billion, which matched our estimate.
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- Is It Time To Reassess AXIS Capital Holdings (AXS) After Recent Share Price Softness?
May 7, 2026
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St.
If you are wondering whether AXIS Capital Holdings is priced attractively today, the stock’s current set up offers a clear starting point to think about value. AXIS Capital Holdings recently closed at US$99.37, with returns of 1.4% over 7 days, a 2.1% decline over 30 days, a 4.7% decline year to date, a 1.1% gain over 1 year, 93.7% over 3 years, and 106.5% over 5 years. This gives you a mix of recent softness and longer term strength to weigh. Recent coverage around AXIS Capital Holdings has focused on its role in the insurance sector and how investors interpret its share price moves relative to peers and broader market conditions. This context is important because it frames whether investors see the current price as reflecting fundamentals or simply shorter term sentiment. On Simply Wall St’s 6 point valuation checklist AXIS Capital Holdings scores a full 6 out of 6. The next sections will walk through traditional valuation approaches before finishing with a more comprehensive way to think about what that score really means for you.
AXIS Capital Holdings delivered 1.1% returns over the last year. See how this stacks up to the rest of the Insurance industry.
Approach 1: AXIS Capital Holdings Excess Returns Analysis
The Excess Returns model asks a simple question: how much profit does AXIS Capital Holdings generate above the return that shareholders require, and what is that worth per share today?
For AXIS Capital Holdings, the model starts with Book Value of US$78.86 per share and an Average Return on Equity of 15.95%. That return profile supports a Stable EPS estimate of US$15.39 per share, based on weighted future Return on Equity estimates from 6 analysts. The required return, or Cost of Equity, is US$6.86 per share, which implies an Excess Return of US$8.53 per share.
Those excess profits are then capitalised over time using a Stable Book Value of US$96.47 per share, sourced from weighted future Book Value estimates from 8 analysts. On this basis, the Excess Returns model points to an estimated intrinsic value of about US$335.52 per share.
Compared with the recent share price of US$99.37, this framework implies AXIS Capital Holdings trades at a 70.4% discount, which screens as materially undervalued on this measure alone.
Result: UNDERVALUED
Our Excess Returns analysis suggests AXIS Capital Holdings is undervalued by 70.4%. Track this in your watchlist or portfolio, or discover 44 more high quality undervalued stocks.
Story Continues
AXS Discounted Cash Flow as at May 2026
Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for AXIS Capital Holdings.
Approach 2: AXIS Capital Holdings Price vs Earnings
P/E is a useful yardstick for profitable companies because it links what you pay for the stock to the earnings the business is already generating. In general, higher growth expectations and lower perceived risk can support a higher P/E, while slower expected growth or higher risk tend to justify a lower P/E.
AXIS Capital Holdings currently trades on a P/E of 7.05x. That sits below the Insurance industry average P/E of 11.37x and the peer group average of 10.52x, so on simple comparisons the stock trades on a lower earnings multiple than many sector peers.
Simply Wall St’s Fair Ratio for AXIS Capital Holdings is 11.51x. This is a proprietary estimate of what a “normal” P/E could look like for the company after accounting for factors such as its earnings characteristics, industry, profit margins, market cap and specific risks. Because it is tailored to the company, the Fair Ratio can be more informative than a broad industry or peer comparison that does not fully reflect these features.
Comparing the current P/E of 7.05x with the Fair Ratio of 11.51x suggests the stock is trading below that fair level on this metric.
Result: UNDERVALUEDNYSE:AXS P/E Ratio as at May 2026
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Upgrade Your Decision Making: Choose your AXIS Capital Holdings Narrative
Earlier it was mentioned that there is an even better way to think about valuation. On Simply Wall St this comes through Narratives, where you combine your view of AXIS Capital Holdings with assumptions about its future revenue, earnings and margins. You then link that story to a forecast and fair value on the Community page used by millions of investors, and compare that evolving fair value with the current share price as new information like earnings or news arrives. For example, one investor might build a more optimistic AXIS Capital Holdings Narrative closer to the US$140 analyst target, while another uses a more cautious view nearer US$106, and each can see how their own story translates into a price that guides whether the stock looks appealing or not at a given time.
Do you think there's more to the story for AXIS Capital Holdings? Head over to our Community to see what others are saying!NYSE:AXS 1-Year Stock Price Chart
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include AXS.
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- Palomar Q1 Earnings, Revenues Top Estimates, Investment Income Rises Y/Y
May 7, 2026
Palomar Holdings, Inc. PLMR reported first-quarter 2026 operating income of $2.31 per share, which beat the Zacks Consensus Estimate by 6.4%. The bottom line increased 23.5% year over year.
Total revenues improved 58.7% year over year to $281 million, mainly driven by higher premiums, commission, investment income and other income. The top line beat the Zacks Consensus Estimate by 7.8%.
Palomar delivered robust first-quarter premium and revenue growth, supported by higher net earned premiums and investment income. However, higher losses and underwriting expenses pressured profitability, leading to a decline in underwriting income.
Palomar Holdings, Inc. Price, Consensus and EPS Surprise
Palomar Holdings, Inc. price-consensus-eps-surprise-chart | Palomar Holdings, Inc. Quote
Behind the Headlines
Gross written premiums increased 42.4% year over year to $629.8 million but missed our estimate of $659.9 million.
Net earned premiums rose 59.3% year over year to $261.4 million, exceeding our estimate of $236.6 million and the Zacks Consensus Estimate of $242.5 million.
Net investment income climbed 49% year over year to $18 million, driven by higher yields on invested assets and a larger average investment balance supported by strong operating cash flow. The figure surpassed both the Zacks Consensus Estimate of $16.6 million and our estimate of $16.4 million.
Palomar reported adjusted underwriting income of $62.8 million, marking a 21.6% increase from the prior-year level. Reported underwriting income fell 8% year over year to $40.5 million, missing our estimate of $48.1 million.
Total expenses rose 86.5% year over year to $225.5 million due to higher losses and loss adjustment expenses, increased acquisition costs, elevated underwriting expenses and higher interest expense. The figure exceeded our estimate of $189.6 million.
The loss ratio was 33.3%, deteriorated 970 basis points year over year. It was higher than our estimate of 30% and the Zacks Consensus Estimate of 32.1%.
The adjusted combined ratio worsened 750 basis points year over year to 76%, above the Zacks Consensus Estimate of 74.9%.
PLMR’s Financial Update
Cash and cash equivalents declined 47.1% to $56.5 million from the 2025-end level.
Shareholders’ equity increased 1.7% to $959 million from the 2025-end level.
Annualized adjusted return on equity for the first quarter of 2026 was 26.6%, down 40 basis points year over year.
PLMR’s Capital Deployment
During the quarter, the company repurchased 0.2 million shares for $23.1 million.
On April 30, 2026, the board of directors approved a share repurchase program, effective May 6, 2026, replacing the previous program, and authorized the company to buyback up to $200 million worth shares through May 6, 2028.
Story Continues
PLMR’s 2026 Guidance
The company expects to achieve adjusted net income in the range of $262-$278 million. This includes an estimate in the range of $8-$12 million for catastrophe losses for the year.
Palomar’s Zacks Rank
PLMR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
AXIS Capital Holdings Limited AXS reported first-quarter 2026 operating income of $3.42 per share, which outpaced the Zacks Consensus Estimate of $3.23 and rose 7.9% year over year.
Total operating revenues of $1.7 billion marginally beat the Zacks Consensus Estimate by 0.4%. The top line rose nearly 7.7% year over year on higher premiums earned. Net premiums written increased 9% to $1.9 billion, driven by a 24% rise in the Insurance segment, partially offset by a 13% decline in the Reinsurance segment.
Chubb Limited CB reported first-quarter 2026 core operating income of $6.82 per share, which outpaced the Zacks Consensus Estimate by 5.2%. The bottom line decreased 85.2% year over year. CB’s total operating revenues improved 11.8% year over year to $15.3 billion. The top line beat the Zacks Consensus Estimate by 3%.
Chubb’s net premiums written improved 10.7% year over year to $14 billion in the quarter. Our estimate was $13.6 billion, while the Zacks Consensus Estimate was pegged at $13.5 billion. Net investment income totaled $1.7 billion, up 9.5% year over year. The Zacks Consensus Estimate was pegged at $1.8 billion.
Selective Insurance Group SIGI reported first-quarter 2026 operating income of $1.69 per share, which missed the Zacks Consensus Estimate by 2.3%. The bottom line decreased 11% year over year.
Operating revenues of $1.4 billion increased 6.4% from the year-ago quarter’s level, driven primarily by higher net premiums earned and net investment income. However, the top line missed the Zacks Consensus Estimate by 0.5%. Net premiums written decreased 1% to $1.3 billion. The figure was on par with our estimate.
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- Mercury General Q1 Earnings & Revenues Top Estimates, Premium Rise Y/Y
May 6, 2026
Mercury General Corporation MCY reported first-quarter 2026 operating income of $3.50 per share, which beat the Zacks Consensus Estimate by 63%. The bottom line rebounded from a loss of $2.29 incurred in the prior-year quarter.
Total operating revenues in the quarter were $1.5 billion, up 10.5% year over year. The top line surpassed the consensus estimate by 6.1%.
The better-than-expected quarterly results were driven by higher net premiums, favorable investment results, lower catastrophe losses and improved operating expenses.
Mercury General Corporation Price, Consensus and EPS Surprise
Mercury General Corporation price-consensus-eps-surprise-chart | Mercury General Corporation Quote
Operational Update
Net premiums earned climbed 13.2% year over year to $1.4 billion, which surpassed the Zacks Consensus Estimate by 6.7%.
Net investment income, before income taxes, increased 5.1% year over year to $85.6 million, driven primarily by higher average invested assets and cash, along with an improved average yield. The figure missed the Zacks Consensus Estimate by approximately 3.5%.
Total expenses decreased 15.1% year over year to $1.3 billion, primarily due to lower losses and loss adjustment expenses, policy acquisition costs and interest expenses.
Catastrophe losses, net of reinsurance, totaled $93 million, lower than $447 million incurred in the year-ago quarter. The majority of 2026 catastrophe losses stemmed from the Palisades and Eaton wildfires in California, as well as severe storms in Texas, Oklahoma and California.
The combined ratio — a measure of underwriting profitability — improved 2,990 basis points (bps) year over year to 89.3. The Zacks Consensus Estimate was pegged at 95.5. The loss ratio improved 3,090 bps to 64.2, while the expense ratio deteriorated 110 bps to 25.1.
MCY’s Financial Update
Mercury General exited first-quarter 2026 with total assets of $9.8 billion, which were 3.3% above the 2025-end level.
As of March 31, 2026, MCY reported a solid cash balance of $1.3 billion, reflecting an increase of 2.7% from the 2025-end level.
Notes payable of $574.6 million inched up 0.2% from the 2025-end level. The debt-to-total capitalization ratio improved 100 basis points year over year to 18.2% as of March 31, 2026.
Shareholder equity was $2.5 billion as of March 31, 2026, up 7.1% from the 2025-end level.
As of March 31, 2026, book value per share was $46.76, up 7.2% from the 2025-end level.
Dividend Update
The board of directors declared a quarterly dividend of 31.75 cents per share, payable on June 25, 2026, to shareholders of record as of June 11.
Story Continues
MCY’s Zacks Rank
MCY currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Performance of Other Property and Casualty Insurers
AXIS Capital Holdings Limited AXS reported first-quarter 2026 operating income of $3.42 per share, which outpaced the Zacks Consensus Estimate of $3.23 and rose 7.9% year over year.
Total operating revenues of $1.7 billion marginally beat the Zacks Consensus Estimate by 0.4%. The top line rose nearly 7.7% year over year on higher premiums earned. Net premiums written increased 9% to $1.9 billion, driven by a 24% rise in the Insurance segment, partially offset by a 13% decline in the Reinsurance segment.
Chubb Limited CB reported first-quarter 2026 core operating income of $6.82 per share, which outpaced the Zacks Consensus Estimate by 5.2%. The bottom line decreased 85.2% year over year. CB’s total operating revenues improved 11.8% year over year to $15.3 billion. The top line beat the Zacks Consensus Estimate by 3%.
Chubb’s net premiums written improved 10.7% year over year to $14 billion in the quarter. Our estimate was $13.6 billion, while the Zacks Consensus Estimate was pegged at $13.5 billion. Net investment income totaled $1.7 billion, up 9.5% year over year. The Zacks Consensus Estimate was pegged at $1.8 billion.
First American Financial Corporation FAF reported first-quarter 2026 operating earnings of $1.33 per share, which beat the Zacks Consensus Estimate by 25.4% and rose 58.3% year over year.
Operating revenues climbed 16.2% to $1.8 billion, driven by growth in direct premiums, escrow fees, and Information and other revenues. The top line surpassed the consensus estimate by 1.08%. Direct premiums and escrow fees reached $660.2 million, marking a 17.7% increase from the prior-year level. The figure exceeded the Zacks Consensus Estimate by 17.7% and our model estimate by 17.7%.
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- EverQuote's Q1 Earnings & Revenues Beat, Automotive Vertical Grows
May 5, 2026
EverQuote, Inc. EVER reported first-quarter 2026 operating net income per share of 51 cents, significantly exceeding the Zacks Consensus Estimate by 18.6%. The bottom line increased 34.2% from the prior-year period level.
Total revenues rose 15% year over year to $191 million. The top line exceeded the Zacks Consensus Estimate by 5.8%.
The better-than-expected quarterly results were fueled by solid performance across both the Automotive insurance and Home and Renters insurance segments, supported by higher variable marketing investments. The upside was partly offset by an increase in operating expenses.
EverQuote, Inc. Price, Consensus and EPS Surprise
EverQuote, Inc. price-consensus-eps-surprise-chart | EverQuote, Inc. Quote
EVER’s Q1 Results in Detail
Revenues in the Automotive insurance vertical grew 13% year over year to $172.4 million, surpassing the Zacks Consensus Estimate of $164.1 million. Our estimate was $164 million.
Revenues in the Home and Renters insurance vertical increased 33% year over year to $18.5 million, exceeding the Zacks Consensus Estimate of $13 million. Our estimate was $13.1 million.
Revenues in the Other insurance vertical declined 100% year over year.
Total costs and operating expenses rose 5.5% year over year to $167.4 million, mainly due to higher sales and marketing, research and development costs and general and administrative expenses. Our estimate was $159.2 million.
EverQuote’s variable marketing dollars increased 19% year over year to $55.9 million, which beat the Zacks Consensus Estimate of $50.7 million.
Adjusted EBITDA rose 30% year over year to $29.3 million, which outpaced our estimate of $24 million. The adjusted EBITDA margin expanded to 15.4% for the quarter.
EVER’s Financial Update
EverQuote exited the first quarter of 2026 with cash and cash equivalents of $178.4 million, up 4.1% from the 2025-end level.
Total assets were $323.9 million, down 0.9% from the 2025-end level. Total stockholders' equity increased 1.2% from the 2025-end level to $240.8 million.
Cash from operations was $29.6 million, which increased 27% year over year.
During the quarter, EVER repurchased 1.1 million shares of its common stock for approximately $19.9 million.
EVER’s Q2 2026 Guidance
For the second quarter of 2026, EverQuote guided revenues in the $185-$195 million range, implying 21% year-over-year growth.
Management expects variable marketing dollars in the $55-$57 million range, suggesting 23% year-over-year growth.
Adjusted EBITDA is projected at $28-$30 million, indicating 32% year-over-year growth.
Story Continues
Zacks Rank
EVER currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
MGIC Investment Corporation MTG reported first-quarter 2026 operating net income per share of 76 cents, which beat the Zacks Consensus Estimate by 4.1%. The bottom line also improved 1.3% year over year.
Total operating revenues declined 3% year over year to $297 million, attributable to lower net premiums earned and other revenues. The top line missed the Zacks Consensus Estimate by 1.4%. Net premiums earned declined 3.4% year over year to $235.4 million, surpassing our estimate of $234.3 million.
American International Group, Inc. AIG reported first-quarter 2026 adjusted earnings per share of $2.11, which topped the Zacks Consensus Estimate of $1.90. The bottom line surged 80.3% year over year.
Adjusted operating revenues advanced 5.4% year over year to $6.97 billion. The top line beat the consensus mark by 1.2%. Net premiums written totaled $5.6 billion, reflecting 24% year-over-year growth, driven by 21% expansion in Global Commercial and 11% growth in Global Personal.
AXIS Capital Holdings Limited AXS reported first-quarter 2026 operating income of $3.42 per share, which outpaced the Zacks Consensus Estimate of $3.23 and rose 7.9% year over year.
Total operating revenues of $1.7 billion marginally beat the Zacks Consensus Estimate by 0.4%. The top line rose nearly 7.7% year over year on higher premiums earned. AXS’ quarterly results benefited from higher net premiums earned and stronger underwriting income, partly offset by lower net investment income and higher expenses.
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