Top 3 Picks
2026 Outlook
Looking ahead to 2026, the Insurance Brokers sector is poised for growth driven by digital transformation, which will enhance efficiency and expand market reach through innovative platforms and data analytics. Consolidation via mergers and acquisitions is expected to continue, bolstering competitive positions and profitability amid regulatory changes. Overall, the sector's outlook remains positive, with projected revenue growth from 5-7% annually, fueled by increasing insurance penetration in emerging markets and rising premium volumes.
Complete Rankings
| Rank | Stock | Score | Price | Market Cap |
|---|---|---|---|---|
|
1
|
Roadzen, Inc. Warrants
|
64.8 | $0.27 | -- |
|
2
|
Enact Holdings, Inc. Common Stock
|
62.6 | $39.62 | $5.6B |
|
3
|
Erie Indemnity Co
|
59.9 | $277.81 | $16.3B |
|
4
|
The Baldwin Insurance Group, Inc. Class A Common Stock
|
59.3 | $23.78 | $1.9B |
|
5
|
Goosehead Insurance, Inc. Class A Common Stock
|
59.3 | $70.16 | $1.8B |
|
6
|
Arthur J. Gallagher & Co.
|
59.1 | $256.00 | $78.4B |
|
7
|
Corvel Corp
|
58.5 | $65.74 | $3.8B |
|
8
|
Accelerant Holdings
|
57.3 | $15.61 | $3.1B |
|
9
|
Ryan Specialty Holdings, Inc.
|
56.4 | $50.61 | $7.0B |
|
10
|
Willis Towers Watson Public Limited Company Ordinary Shares
|
56.4 | $326.27 | $33.6B |
|
11
|
Aon plc Class A
|
56.1 | $344.27 | $77.7B |
|
12
|
Roadzen, Inc. Ordinary Shares
|
55.7 | $2.37 | $66M |
|
13
|
Marsh & McLennan Companies, Inc.
|
55.0 | $182.47 | $99.0B |
|
14
|
Health In Tech, Inc. Class A Common Stock
|
53.7 | $1.75 | $185M |
|
15
|
Brown & Brown, Inc.
|
53.6 | $77.62 | $30.6B |
In-Depth Analysis: Top Insurance Brokers Stocks
RDZNW
Roadzen Inc is an insurance technology company on a mission to transform auto insurance powered by AI. Its clients comprise insurers, fleets, and carmakers to small fleets, brokers, and insurance agents that use Roadzen's technology to build new products, sell insurance, process claims, and improve road safety. The company's work in telematics and computer vision has earned recognition as an …
Roadzen Inc. matters in the Insurance Brokers sector as it pioneers AI-driven solutions to streamline auto insurance processes, allowing brokers and agents to efficiently build products, sell policies, and handle claims, thereby enhancing operational efficiency and customer experiences. This innovation positions Roadzen as a transformative force in a traditionally slow-adapting industry, potentially setting new standards for digital integration amid rising demand for tech-enabled insurance services.
With limited financial data available, Roadzen's Tradestie Score of 64.8/100 indicates moderate financial health, suggesting the company is navigating growth investments in AI technology that may pressure short-term profitability. This score reflects a balanced risk profile, where ongoing R&D expenditures could yield long-term gains but currently limit clear profitability metrics.
By 2026, investors should consider RDZNW due to the projected growth in AI applications within the insurance sector, where Roadzen's technology could drive significant market penetration and revenue from partnerships with insurers and fleets. The company's focus on transforming auto insurance positions it to benefit from increasing digital adoption, potentially improving its Tradestie Score through expanded offerings and operational efficiencies. Furthermore, as AI continues to disrupt traditional brokerage models, Roadzen's innovative approach may deliver substantial returns for early investors in this evolving landscape.
ACT
Enact Holdings Inc is a private mortgage insurance company serving the United States housing finance market. The principal mortgage insurance customers are originators of residential mortgage loans who determine which mortgage insurer or insurers will be used for the placement of mortgage insurance written on loans originated. The company is engaged in writing and assuming residential mortgage guaranty insurance.
Enact Holdings Inc. matters in the Insurance Brokers sector as a leading provider of private mortgage insurance, enabling residential mortgage originators to manage risk in the US housing finance market, which supports overall sector liquidity and stability. Its high profit margin of 53.9% underscores its operational efficiency, making it a key player in facilitating mortgage transactions amid evolving market dynamics.
Enact Holdings demonstrates strong profitability with a profit margin of 53.9%, reflecting efficient operations and significant earnings retention, while its ROE of 12.8% indicates effective use of equity to generate returns. However, the modest revenue growth of 0.6% suggests potential vulnerabilities in top-line expansion, which could impact long-term financial health if market conditions remain stagnant.
Enact Holdings' P/E ratio of 9.2 positions it as an undervalued stock, offering investors a compelling entry point for potential capital appreciation by 2026 as the US housing market stabilizes and demand for mortgage insurance rises. The company's robust profit margin of 53.9% and ROE of 12.8% signal strong earnings potential, enabling it to weather economic fluctuations and deliver shareholder value. Additionally, with a Tradestie Score of 62.6, the stock presents a moderate-risk opportunity for growth in a recovering sector, driven by anticipated increases in housing activity.
ERIE
Erie Indemnity Co mainly performs services on behalf of the Erie Insurance Exchange relating to sales, underwriting, and issuance of policies. Erie Indemnity's results are tied to the performance of the Insurance Exchange, which principally provides automobile and homeowners insurance for individuals, along with multiperil, workers' compensation, and commercial automobile insurance for its commercial clients. The company operates exclusively in …
Erie Indemnity Co is a key player in the Insurance Brokers sector as it exclusively manages sales, underwriting, and policy issuance for the Erie Insurance Exchange, a major provider of automobile and homeowners insurance, thereby facilitating essential operations for millions of policyholders. This integral role underscores its importance in maintaining the Exchange's market presence and operational efficiency within a competitive landscape.
Erie Indemnity's 16.0% profit margin and 30.4% ROE highlight robust profitability and effective equity utilization, indicating strong financial health compared to industry peers. Additionally, with 6.7% revenue growth and a P/E ratio of 23.2, the company demonstrates sustainable earnings potential while maintaining a reasonable valuation relative to its performance.
Investors should consider buying ERIE stock in 2026 given its 6.7% revenue growth, which reflects ongoing demand for auto and homeowners insurance amid economic recovery and population growth. The company's impressive 30.4% ROE suggests efficient capital management, potentially driving higher returns and dividends. Furthermore, with a Tradestie Score of 59.9 indicating moderate upside, ERIE's established position in the sector positions it for gains as insurance needs expand in a digitalizing market.
BWIN
The Baldwin Insurance Group Inc is a United States-based insurance distribution firm. Its products include Business Insurance, Benefits Consulting, Reinsurance, Specialty MGA, Embedded Insurance., Personal insurance, etc.
The Baldwin Insurance Group matters in the Insurance Brokers sector as a leading U.S.-based firm offering a diversified portfolio of products, including Business Insurance, Benefits Consulting, and Specialty MGA, which address evolving client needs in a competitive market. Its emphasis on innovative areas like Reinsurance and Embedded Insurance positions it to capitalize on digital transformation and expanding insurance demands.
The company's negative profit margin of -1.9% and ROE of -4.2% reflect current challenges in achieving profitability, likely due to operational investments and market pressures in the insurance sector. However, with a revenue growth rate of 7.8%, Baldwin demonstrates strong top-line expansion that could enhance financial health and offset these metrics over time.
Investors should consider buying BWIN stock by 2026 given its 7.8% revenue growth, which indicates potential for scaling operations and improving profitability amid sector expansion. The Tradestie Score of 59.3 suggests moderate upside, with opportunities in Baldwin's specialized offerings like Embedded Insurance to gain market share in a growing digital insurance landscape. As economic conditions improve, the company's negative profitability metrics could reverse, driving stock appreciation through enhanced efficiency and demand for its diverse services.
GSHD
Goosehead Insurance Inc operates as an insurance agency. Its insurance products consist of homeowner's insurance; auto insurance; other personal lines products including flood, wind and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance (motorcycle, recreational vehicle and other insurance); commercial lines insurance (general liability, property, and auto insurance for small businesses); and life insurance. Geographically, it operates in …
Goosehead Insurance matters in the Insurance Brokers sector due to its 16.0% revenue growth, which outpaces many peers and highlights its ability to expand market share in personal lines insurance. Its diverse product offerings, including homeowner's, auto, and specialty lines like flood and earthquake coverage, position it as a versatile player addressing growing consumer demands for comprehensive protection.
Goosehead's profit margin of 8.6% indicates moderate efficiency in converting revenue to profit, which is respectable for the sector amid competitive pressures. However, its exceptional ROE of 175.8% demonstrates superior financial health, showcasing effective use of equity to generate returns far above industry norms.
Goosehead's 16.0% revenue growth signals strong potential for continued expansion into 2026, driven by increasing demand for personal insurance products in a recovering economy. The company's outstanding ROE of 175.8% suggests it can deliver high returns to shareholders, making it appealing for growth-oriented investors. Despite a high P/E ratio of 65.4, this reflects market optimism about future earnings, supported by its innovative agency model and a Tradestie Score of 59.3 indicating moderate upside potential.
AJG
Founded in 1927 as a one-person agency, Gallagher's primary business is insurance brokerage, with a focus on serving middle-market companies. The company's risk management segment provides third-party claims adjustment to companies that choose to self-insure. Gallagher has about 56,000 employees and generates about a third of its revenue internationally, primarily in Australia, Canada, New Zealand, and the UK
Arthur J. Gallagher & Co. matters in the Insurance Brokers sector due to its nearly 100-year history since 1927, positioning it as a leading provider of insurance brokerage and risk management services tailored to middle-market companies. With a workforce of 56,000 employees, it offers specialized third-party claims adjustment, giving it a competitive edge in serving self-insuring firms and maintaining a strong market presence.
Gallagher's 13.3% profit margin demonstrates solid operational efficiency, while its 9.1% ROE indicates moderate returns on shareholder equity, suggesting stable financial health. The 20.0% revenue growth reflects strong momentum, offsetting the high 41.8 P/E ratio and pointing to potential for sustained profitability in a competitive sector.
Gallagher's 20.0% revenue growth underscores its potential for continued expansion in the insurance brokerage market, driven by increasing demand for risk management services among middle-market companies. The company's established expertise and scale, with 56,000 employees, position it to capitalize on economic trends like rising self-insurance in 2026. Despite a 41.8 P/E ratio, the robust growth trajectory could deliver strong returns as the sector benefits from ongoing market dynamics.
CRVL
CorVel Corp applies technology including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. It partners with employers, third-party administrators, insurance companies, and government agencies in managing worker's compensation and health, auto, and liability services. The company's solutions combine integrated technologies with a human touch providing services …
CorVel Corp matters in the Insurance Brokers sector due to its innovative application of AI, machine learning, and natural language processing to streamline healthcare cost management for partners like employers, insurance companies, and government agencies. This technological expertise enhances efficiency in managing episodes of care, setting a benchmark for data-driven solutions in an industry increasingly focused on cost optimization.
CorVel's 11.3% profit margin and 32.6% ROE reflect strong profitability and efficient equity utilization, indicating robust financial health despite moderate revenue growth of 6.8%. The 33.8 P/E ratio suggests market confidence in future earnings potential, balanced by a Tradestie Score of 58.5 that highlights a stable but not exceptional investment profile.
By 2026, CorVel's integration of AI and machine learning is poised to drive further revenue growth beyond the current 6.8%, capitalizing on rising demand for advanced healthcare cost management in the insurance sector. The company's high ROE of 32.6% underscores its ability to generate superior returns on equity, making it an attractive buy for investors seeking technology-led growth. Additionally, with a P/E ratio of 33.8, the stock offers potential upside as the firm expands its partnerships and refines its tech capabilities to outpace sector competitors.
ARX
Accelerant Holdings operate as a data-driven risk exchange that connects selected specialty insurance underwriters with risk capital partners. Geographically, it operates in North America; and UK and EU, out of which it derives maximum revenue from UK and EU.
Accelerant Holdings matters in the Insurance Brokers sector as a pioneering data-driven risk exchange that efficiently connects specialty insurance underwriters with risk capital partners, enhancing market liquidity and innovation. Its strategic focus on the UK and EU, where it generates the majority of its revenue, positions it as a key player in addressing regional demands for advanced risk management solutions.
Accelerant Holdings exhibits moderate profitability with a 4.4% profit margin, indicating efficient cost management relative to its operations, though room for improvement exists compared to industry peers. The company's financial health is bolstered by a robust 36.5% revenue growth, but a high P/E ratio of 222.7 suggests that the stock is priced for significant future earnings expansion, while a Tradestie Score of 57.3/100 reflects average overall investment appeal.
Accelerant Holdings' 36.5% revenue growth highlights its potential for sustained expansion in the Insurance Brokers sector, driven by its data-driven model that could capture increasing demand for specialized risk solutions in the UK and EU by 2026. The company's strategic positioning in high-revenue markets may lead to market share gains as digital insurance trends accelerate. Furthermore, despite the elevated P/E ratio of 222.7, the rapid growth trajectory could deliver strong returns for investors betting on long-term innovation in risk exchange platforms.
RYAN
Ryan Specialty Holdings Inc is a service provider of specialty products and solutions for insurance brokers, agents, and carriers. It provides distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter.
Ryan Specialty Holdings Inc. matters in the Insurance Brokers sector due to its specialized focus on providing niche products and solutions for complex risks, serving as a key wholesale broker and managing underwriter that enhances distribution and risk management for brokers, agents, and carriers.
Despite a low profit margin of 2.4%, which indicates slim profitability relative to revenue, the company exhibits strong financial health with a robust ROE of 19.3% and impressive revenue growth of 25.7%, suggesting efficient equity utilization and potential for sustained expansion.
With projected revenue growth continuing from its current 25.7% rate, Ryan Specialty Holdings is poised to capture greater market share in the specialty insurance segment by 2026, potentially improving profitability through expanded services. The company's strong ROE of 19.3% underscores its operational efficiency, making it an attractive investment for those seeking high-growth opportunities in the sector. Additionally, despite a high P/E ratio of 99.0, the rapid growth trajectory could justify the valuation if industry trends persist, positioning the stock for potential appreciation by 2026.
WTW
Willis Towers Watson PLC is an advisory, broking, and solutions company that provides data-driven, insight-led solutions in the areas of people, risk, and capital. The company's segments include Health, Wealth & Career (HWC) and Risk & Broking (R&B). The HWC segment provides an array of advice, broking, solutions and technology for employee benefit plans, institutional investors, compensation and career programs, …
Willis Towers Watson matters in the Insurance Brokers sector as a leading provider of data-driven advisory and broking services through its Health, Wealth & Career and Risk & Broking segments, enabling clients to navigate complex risks and optimize capital effectively. Its innovative solutions, such as advanced risk analytics, position it as a key player in addressing industry challenges like regulatory changes and digital transformation.
WTW exhibits strong profitability with a 21.6% profit margin, demonstrating efficient cost management and revenue generation, while a 27.6% ROE highlights effective use of equity to deliver shareholder returns. The company's P/E ratio of 16.0 indicates reasonable valuation relative to earnings, supported by a Tradestie Score of 56.4, suggesting moderate financial stability amid sector dynamics.
Investors should consider buying WTW stock in 2026 due to its solid financial metrics, including a 27.6% ROE that signals potential for continued earnings growth in a recovering global economy. The company's diversified segments in Health, Wealth & Career and Risk & Broking are poised to benefit from rising demand for risk management and advisory services amid digital trends and regulatory shifts. Additionally, with a P/E of 16.0, the stock presents an attractive valuation for long-term investors expecting sector expansion driven by data-driven innovations.
Methodology
Stocks are ranked using the Tradestie Score, a proprietary 0-100 rating that combines fundamental quality (profitability, balance sheet strength), growth metrics (revenue and earnings growth), valuation (P/E, PEG ratio), and momentum factors. Scores are updated daily based on the latest market data. Learn more about our methodology.