Based on key financial metrics such as the price-to-sales ratio, shareholder yield and the price-earnings ratio, the following 4 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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4 Undervalued Insurance Stocks
Of course, there are countless value stocks that are worth mentioning, but this is a concise list of the top 4 undervalued stocks in the Insurance industry for Monday, November 10, 2025. 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 |
| Fidelity National Financial, Inc. | FNF | 1.14 | 14.5 | 6.4 | 3.1% | 1.96 | 2.5 |
A |
| Investors Title Company | ITIC | 1.94 | 15.9 | 7.4 | 5.5% | 1.97 | 35.4 |
B |
| Kansas City Life Insurance Company | KCLI | 0.62 | na | na | 3.2% | 1.37 | na |
A |
| The Progressive Corporation | PGR | 1.50 | 11.9 | 10.1 | 2.1% | 3.59 | 9.0 |
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.
Fidelity National Financial, Inc.’s Value Grade
Value Grade:
| Metric | Score | FNF | Industry Median |
| Price/Sales | 36 | 1.14 |
1.02 |
| Price/Earnings | 37 | 14.5 |
13.8 |
| EV/EBITDA | 16 | 6.4 | 9.4 |
| Shareholder Yield | 24 | 3.1% |
0.6% |
| Price/Book Value | 51 | 1.96 |
1.57 |
| Price/Free Cash Flow | 5 | 2.5 |
8.3 |
Fidelity National Financial, Inc., together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products. The company also provides technology and transaction services to the real estate and mortgage industries; and mortgage transaction services, including title-related services and facilitation of production and management of mortgage loans. In addition, it offers annuity and life insurance products, such as deferred and immediate annuities, as well as indexed universal life insurance products; and funding agreements and pension risk transfer (PRT) solutions. Further, the company engages in the real estate brokerage business. Fidelity National Financial, Inc. was incorporated in 2005 and is headquartered in Jacksonville, Florida.
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.
Fidelity National Financial, Inc. has a Value Score of 86, which is considered to be undervalued.
When you look at Fidelity National Financial, Inc.’s price-to-sales ratio at 1.14 compared to the industry median at 1.02, this company has a higher price relative to revenue compared to its peers. This could make Fidelity National Financial, Inc.’s stock less attractive for value investors.
Fidelity National Financial, Inc.’s price-earnings ratio is 14.50 compared to the industry median at 13.80. This means it has a higher share price relative to earnings compared to its peers. This could make Fidelity National Financial, Inc. less attractive for value investors.
Now, let’s assess Fidelity National Financial, Inc.’s EV/EBITDA ratio, also known as enterprise multiple. At 6.4, when compared to the industry median of 9.4, 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. Fidelity National Financial, Inc.’s shareholder yield is higher than its industry median ratio of 0.65%. 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. Fidelity National Financial, Inc.’s price-to-book ratio is higher than its industry median ratio of 1.57. This could make Fidelity National Financial, Inc. less attractive to investors looking for a new addition to their portfolio.
Lastly, let’s take a look at Fidelity National Financial, Inc.’s price-to-free-cash-flow ratio (P/FCF), which can indicate a company’s market value relative to its operating cash flow. Fidelity National Financial, Inc.’s price-to-free-cash-flow ratio is lower than its industry median ratio of 8.25. This could make Fidelity National Financial, Inc. more attractive because the lower P/FCF ratio indicates that Fidelity National Financial, 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.
Investors Title Company’s Value Grade
Value Grade:
| Metric | Score | ITIC | Industry Median |
| Price/Sales | 49 | 1.94 |
1.02 |
| Price/Earnings | 42 | 15.9 |
13.8 |
| EV/EBITDA | 21 | 7.4 | 9.4 |
| Shareholder Yield | 13 | 5.5% | 0.6% |
| Price/Book Value | 51 | 1.97 | 1.57 |
| Price/Free Cash Flow | 72 | 35.4 | 8.3 |
Investors Title Company engages in the issuance of residential and commercial title insurance for residential, institutional, commercial, and industrial properties. It underwrites land title insurance for owners and mortgagees as a primary insurer; and assumes the reinsurance of title insurance risks from other title insurance companies. The company also provides services in connection with tax-deferred exchanges of like-kind property; acts as a qualified intermediary in tax-deferred exchanges of property; coordinates the exchange aspects of the real estate transaction, such as drafting standard exchange documents, holding the exchange funds between the sale of the old property and the purchase of the new property, and accepting the formal identification of the replacement property. In addition, it serves as an exchange accommodation titleholder for accomplishing reverse exchanges when the taxpayers decide to acquire replacement property before selling the relinquished property. Further, the company offers investment management and trust services to individuals, companies, banks, and trusts; and consulting and management services to clients to start and operate a title insurance agency. It issues title insurance policies directly and through a network of agents in 22 states and the District of Columbia in the United States. Investors Title Company was founded in 1972 and is headquartered in Chapel Hill, North Carolina.
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.
Investors Title Company has a Value Score of 62, which is considered to be undervalued.
Investors Title Company’s price-earnings ratio is 15.9 compared to the industry median at 13.8. This means that it has a higher price relative to its earnings compared to its peers. This makes Investors Title Company less attractive for value investors.
Investors Title Company’s price-to-book ratio is lower than its peers. This could make Investors Title Company more attractive for value investors when compared to the industry median at 1.57.
You can read more about Investors Title Company’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.
Kansas City Life Insurance Company’s Value Grade
Value Grade:
| Metric | Score | KCLI | Industry Median |
| Price/Sales | 23 | 0.62 |
1.02 |
| Price/Earnings | na | na |
13.8 |
| EV/EBITDA | na | na | 9.4 |
| Shareholder Yield | 24 | 3.2% | 0.6% |
| Price/Book Value | 38 | 1.37 | 1.57 |
| Price/Free Cash Flow | na | na | 8.3 |
Kansas City Life Insurance Company provides insurance products and services in states and the District of Columbia. It operates through three segments: Individual Insurance, Group Insurance, and Old American. The Individual Insurance segment consists of individual insurance products for Kansas City life, Grange life, and the assumed reinsurance transactions. The Group Insurance segment sells group life, dental, vision, disability, accident, and critical illness products. The Old American segment consists of individual insurance products designed final expense products. Kansas City Life Insurance Company was incorporated in 1895 and is based in Kansas City, Missouri.
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.
Kansas City Life Insurance Company has a Value Score of 86, which is considered to be undervalued.
Kansas City Life Insurance Company’s price-to-book ratio is higher than its peers. This could make Kansas City Life Insurance Company less attractive for value investors when compared to the industry median at 1.57.
You can read more about Kansas City Life Insurance Company’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.
The Progressive Corporation’s Value Grade
Value Grade:
| Metric | Score | PGR | Industry Median |
| Price/Sales | 43 | 1.50 |
1.02 |
| Price/Earnings | 27 | 11.9 |
13.8 |
| EV/EBITDA | 36 | 10.1 | 9.4 |
| Shareholder Yield | 30 | 2.1% | 0.6% |
| Price/Book Value | 70 | 3.59 | 1.57 |
| Price/Free Cash Flow | 21 | 9.0 | 8.3 |
The Progressive Corporation operates as an insurance company in the United States. The company writes insurance for personal autos and special lines products, including motorcycles, RVs, and watercraft; and personal residential property insurance for homeowners and renters. It also writes auto-related liability and physical damage insurance for comprising dump trucks, log trucks, garbage trucks, tractors, trailers, straight trucks, tow trucks and wreckers, vans, pick-up trucks, and autos; business-related general liability and commercial property insurance for small businesses; and workers’ compensation insurance for the transportation industry. In addition, the company offers other specialty property-casualty insurance and provide related services; personal property reinsurance products; and involved in investment activities. It sells its products through independent insurance agencies, as well as online and over the phone. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield Village, Ohio.
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.
The Progressive Corporation has a Value Score of 68, which is considered to be undervalued.
The Progressive Corporation’s price-earnings ratio is 11.9 compared to the industry median at 13.8. This means that it has a lower price relative to its earnings compared to its peers. This makes The Progressive Corporation more attractive for value investors.
The Progressive Corporation’s price-to-book ratio is lower than its peers. This could make The Progressive Corporation more attractive for value investors when compared to the industry median at 1.57.
You can read more about The Progressive Corporation’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 4 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.
- Fidelity National Financial, Inc. stock has a Value Grade of A.
- Investors Title Company stock has a Value Grade of B.
- Kansas City Life Insurance Company stock has a Value Grade of A.
- The Progressive Corporation stock has a Value Grade of B.
Now that you have a bit more background about each of the 4 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.
Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.