Top 3 Picks
2026 Outlook
For 2026, organic growth should continue from rate hardening and specialty lines expansion, while digital claims platforms and consolidation drive margin improvement across the group. Smaller names like CRD.A may benefit disproportionately from niche claims outsourcing as insurers outsource more functions.
Complete Rankings
| Rank | Stock | Score | Price | Market Cap |
|---|---|---|---|---|
|
1
|
Marsh & McLennan Companies, Inc.
|
62.0 | $182.70 | $99.0B |
|
2
|
Aon plc Class A
|
56.4 | $323.09 | $77.7B |
|
3
|
Crawford & Company Class A
|
56.1 | $13.27 | $525M |
|
4
|
The Baldwin Insurance Group, Inc. Class A Common Stock
|
54.7 | $30.88 | $1.9B |
|
5
|
Willis Towers Watson Public Limited Company Ordinary Shares
|
54.0 | $334.74 | $33.6B |
|
6
|
Arthur J. Gallagher & Co.
|
51.2 | $262.69 | $78.4B |
|
7
|
Enact Holdings, Inc. Common Stock
|
50.9 | $49.27 | $5.6B |
|
8
|
Hagerty, Inc.
|
48.9 | $13.55 | $1.2B |
|
9
|
Erie Indemnity Co
|
44.6 | $252.80 | $16.3B |
|
10
|
Brown & Brown, Inc.
|
44.4 | $71.42 | $30.6B |
|
11
|
Corvel Corp
|
42.8 | $68.23 | $3.8B |
|
12
|
Goosehead Insurance, Inc. Class A Common Stock
|
42.7 | $65.21 | $1.8B |
|
13
|
Ryan Specialty Holdings, Inc.
|
41.6 | $41.91 | $7.0B |
|
14
|
Accelerant Holdings
|
41.1 | $19.88 | $3.1B |
|
15
|
Equitable Holdings, Inc.
|
37.7 | $52.96 | $14.8B |
In-Depth Analysis: Top Insurance Brokers Stocks
MMC
Marsh McLennan is a professional services firm that provides advice and solutions in the areas of risk, strategy, and human capital. The company operates through two main segments: risk and insurance services and consulting. In risk and insurance services, the firm offers services via Marsh (an insurance broker) and Guy Carpenter (a risk and reinsurance specialist). The consulting division comprises …
Marsh & McLennan ranks as a top global insurance broker through its Marsh segment, which delivers risk and insurance services to corporations and institutions, while its consulting arm adds diversification in the Insurance Brokers sector.
MMC reports a 15.6% profit margin and 28.7% ROE, reflecting efficient capital deployment, with 11.5% revenue growth underscoring sustained operational momentum at a P/E of 22.3.
Strong ROE and double-digit revenue growth position MMC to capture rising demand for risk advisory amid increasing corporate insurance needs in 2026. The 11.5% top-line expansion supports margin stability and potential multiple expansion from the current 22.3 P/E. Investors may benefit from MMC's scale advantages in a consolidating Insurance Brokers sector.
AON
Aon is a leading global provider of insurance and reinsurance brokerage and human resources solutions. Its operations are tilted toward its brokerage operations. Headquartered in London, Aon has about 50,000 employees and operations in over 120 countries.
Aon plc is a leading global provider of insurance and reinsurance brokerage with operations in over 120 countries and approximately 50,000 employees, maintaining a brokerage-focused model that positions it as a core player in the Insurance Brokers sector.
Aon reports a 22.3% profit margin and 44.7% ROE, reflecting strong profitability and capital efficiency, while its 18.2 P/E ratio and 2.2% revenue growth indicate stable financial health with limited top-line expansion.
Aon's 44.7% ROE and 22.3% margins support sustained earnings power that could drive share gains in 2026, especially if brokerage operations benefit from pricing cycles and global scale. The 18.2 P/E offers reasonable entry valuation for a sector leader with potential for incremental revenue growth above the current 2.2% rate through operational leverage.
CRD.A
Crawford & Co provides claims and outsourcing solutions to the risk management, insurance industry, and self-insured entities. Its segments include North America Loss Adjusting; International Operations; Broadspire and Platform Solutions. The company generates maximum revenue from the International Operations segment. The International Operations segment provides claims management and adjusting services to insurance carriers and self-insured entities related to property and …
Crawford & Company matters in the Insurance Brokers sector as a specialized provider of claims adjusting and outsourcing solutions to insurers and self-insured entities, operating through North America Loss Adjusting, International Operations, Broadspire, and Platform Solutions segments with maximum revenue from International Operations.
Limited financial data restricts detailed assessment, yet the Tradestie Score of 56.1/100 points to moderate profitability and financial health relative to sector peers.
Investors should consider CRD.A in 2026 for its international revenue concentration that positions it to capture growth in global claims volumes. Segment diversification across loss adjusting and platform solutions offers operational leverage if insurance outsourcing demand rises. The 56.1/100 Tradestie Score leaves room for multiple expansion on improved execution.
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 operates as a diversified U.S. insurance distributor across business insurance, benefits consulting, reinsurance, specialty MGA, and embedded insurance, enabling it to address multiple client segments in a sector undergoing consolidation and digital transformation.
BWIN reports a -4.7% profit margin and -10.7% ROE, reflecting ongoing net losses despite 30.1% revenue growth, which indicates that rapid top-line expansion has not yet translated into sustainable earnings or efficient capital returns.
Investors could target BWIN in 2026 on the back of 30.1% revenue growth that demonstrates scalable distribution capabilities in embedded and specialty lines. Achievement of positive margins through operating leverage, paired with a 54.7/100 Tradestie Score, positions the stock for re-rating if reinsurance and MGA segments drive incremental profitability. Sector tailwinds in insurance brokerage consolidation further support potential multiple expansion from current levels.
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 stands out in the Insurance Brokers sector as a leading provider of data-driven advisory, broking, and solutions across Risk & Broking and Health, Wealth & Career segments, serving global clients on complex people, risk, and capital issues.
WTW shows solid financial health with a 15.5% profit margin, 19.8% ROE, and 9.1% revenue growth, reflecting efficient operations and strong equity returns in the insurance broking space.
Investors should consider WTW in 2026 given its 9.1% revenue growth and 19.8% ROE, which support expansion in risk management amid rising global demands. The 21.2 P/E ratio paired with 15.5% margins offers a reasonable valuation for sustained earnings growth in the Insurance Brokers sector.
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. ranks among the largest insurance brokers globally, with a core focus on middle-market companies through its brokerage operations and a complementary risk management segment that handles third-party claims for self-insured firms, supported by a workforce of 56,000 employees since its founding in 1927.
The company posted a 10.4% profit margin alongside 30.9% revenue growth, though its 6.7% ROE reflects moderate capital efficiency and the 43.9 P/E ratio signals premium valuation tied to expansion rather than immediate returns.
Investors may target AJG in 2026 for its 30.9% revenue trajectory and established middle-market brokerage franchise, which positions it to capture steady organic growth and tuck-in acquisitions amid sector consolidation. The risk management segment adds recurring revenue stability, potentially supporting margin expansion beyond the current 10.4% level. Despite the 43.9 P/E, sustained double-digit top-line gains could drive multiple compression and earnings upside if ROE improves from 6.7% through scale efficiencies.
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. (ACT) provides private mortgage insurance to U.S. residential mortgage originators, occupying a critical position in the housing finance ecosystem as a specialized insurer within the broader Insurance Brokers sector.
ACT's 54.5% profit margin and 12.9% ROE reflect strong operational efficiency and capital returns, while 4.1% revenue growth and a 10.3 P/E ratio point to solid financial health with an attractive valuation.
ACT's low P/E of 10.3 combined with 54.5% margins positions the stock for potential multiple expansion in 2026 as housing finance demand recovers. Revenue growth of 4.1% supports earnings stability, and 12.9% ROE offers competitive returns versus sector peers. A Tradestie Score of 50.9/100 suggests room for re-rating on improved origination volumes.
HGTY
Hagerty Inc is a provider of specialty automotive insurance. The company underwrites, sells, and services classic car and enthusiast vehicle insurance policies. Substantial revenue is derived from Commission and fees. Geographically it serves Europe, Canada, and the United States.
Hagerty stands out in the Insurance Brokers sector as a specialized underwriter of classic car and enthusiast vehicle policies, deriving substantial revenue from commissions and fees across the US, Canada, and Europe.
Hagerty reports a low profit margin of 1.2% and ROE of 8.9%, with revenue declining 6.5% and a P/E ratio of 103.5, indicating constrained profitability and elevated valuation relative to financial performance.
Hagerty's niche focus on specialty automotive insurance positions it for potential 2026 recovery as enthusiast vehicle demand grows, supported by its multi-region commission-based model and 8.9% ROE that could improve with scale. The 48.9 Tradestie Score leaves room for re-rating if revenue stabilizes from the current -6.5% decline, appealing to investors seeking exposure in a concentrated insurance niche.
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 serves as the primary management company for the Erie Insurance Exchange, handling sales, underwriting, and policy issuance for auto and homeowners insurance lines that dominate the U.S. property-casualty market.
ERIE posts a 14.0% profit margin and 24.8% ROE, reflecting efficient operations and strong equity returns, while 2.8% revenue growth and a 23.4 P/E indicate steady but moderate financial momentum within the Insurance Brokers sector.
ERIE's 24.8% ROE and 14.0% margins position it for sustained earnings power as the Erie Insurance Exchange scales its auto and homeowners book. Investors may view the 23.4 P/E as reasonable entry valuation if policy volume recovers in 2026 amid rising insurance penetration. The company's tied performance to a large mutual exchange provides downside protection and predictable fee income that could compound returns above the current 2.8% revenue trajectory.
BRO
Brown & Brown Inc is a diversified insurance agency, wholesale brokerage, insurance programs, and service. The Company markets and sells insurance products and services, in the property, casualty, and employee benefits areas. It provides customers with non-investment insurance contracts, as well as other targeted, customized risk management products and services. It has four reportable segments; the Retail segment; the Programs …
Brown & Brown, Inc. is a leading diversified insurance brokerage firm in the sector, delivering property, casualty, and employee benefits products through its agency, wholesale, and program operations to a wide customer base.
The company posts an 18.1% profit margin alongside 32.4% revenue growth, reflecting strong operational efficiency and top-line momentum, while its 10.0% ROE and 23.2 P/E indicate moderate returns on equity at a measured valuation.
BRO's 32.4% revenue growth positions it to capture additional share in the consolidating insurance brokers market through 2026. Its 18.1% margins support scalable earnings expansion as demand rises for specialized brokerage services. With a 23.2 P/E, the stock presents an accessible valuation for investors seeking sector exposure with proven growth metrics.
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.