Life Insurance stocks: intrinsic value, ROIC & growth
17 U.S. life insurance companies with at least three years of SEC filings, ranked by size. 9 of the 12 with a current price trade below their Graham intrinsic value. The median company earned a 9.8% average return on invested capital and grew revenue 4.8% a year.
Updated October 18, 2026
17companies
9below Graham value
9.8%median 10-yr ROIC
4.8%median revenue CAGR
Most undervalued life insurance stocks
| Ticker | Company | Upside | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| PRI | Primerica, Inc. | +169% | $282.64 | $760.97 | 63% below | $9.2B | 22.7% | 9.0% |
| GL | Globe Life | +76% | $168.77 | $297.40 | 43% below | $13.9B | 11.3% | 4.8% |
| MET | MetLife | +55% | $100.76 | $156.45 | 36% below | $67.8B | 11.7% | -30.4% |
| LNC | LINCOLN NATIONAL CORP | +49% | $39.83 | $59.35 | 33% below | $7.4B | 6.5% | 3.5% |
| RGA | REINSURANCE GROUP OF AMERICA INC | +13% | $266.75 | $302.19 | 12% below | $17.8B | 8.1% | 8.3% |
Highest-ROIC life insurance stocks
| Ticker | Company | 10-yr ROIC | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| PRI | Primerica, Inc. | 22.7% | $282.64 | $760.97 | 63% below | $9.2B | 22.7% | 9.0% |
| JXN | Jackson Financial Inc. | 13.4% | $130.58 | $248.15 | 47% below | $9.3B | 13.4% | 11.5% |
| MET | MetLife | 11.7% | $100.76 | $156.45 | 36% below | $67.8B | 11.7% | -30.4% |
| GL | Globe Life | 11.3% | $168.77 | $297.40 | 43% below | $13.9B | 11.3% | 4.8% |
| RGA | REINSURANCE GROUP OF AMERICA INC | 8.1% | $266.75 | $302.19 | 12% below | $17.8B | 8.1% | 8.3% |
| RZB | REINSURANCE GROUP OF AMERICA INC | 8.1% | — | $302.19 | — | — | 8.1% | 8.3% |
| LNC | LINCOLN NATIONAL CORP | 6.5% | $39.83 | $59.35 | 33% below | $7.4B | 6.5% | 3.5% |
| VOYA | Voya Financial, Inc. | 5.7% | $94.01 | $76.08 | 24% above | $9.2B | 5.7% | -1.0% |
| GNW | GENWORTH FINANCIAL INC | 2.1% | $9.07 | — | — | $3.8B | 2.1% | -1.5% |
All life insurance stocks
| Ticker | Company | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|
| MET | MetLife | $100.76 | $156.45 | 36% below | $67.8B | 11.7% | -30.4% |
| RZB | REINSURANCE GROUP OF AMERICA INC | — | $302.19 | — | — | 8.1% | 8.3% |
| CRBG | Corebridge Financial, Inc. | $34.43 | $54.11 | 36% below | $18.6B | 13.0% | 4.2% |
| RGA | REINSURANCE GROUP OF AMERICA INC | $266.75 | $302.19 | 12% below | $17.8B | 8.1% | 8.3% |
| GL | Globe Life | $168.77 | $297.40 | 43% below | $13.9B | 11.3% | 4.8% |
| JXN | Jackson Financial Inc. | $130.58 | $248.15 | 47% below | $9.3B | 13.4% | 11.5% |
| PRI | Primerica, Inc. | $282.64 | $760.97 | 63% below | $9.2B | 22.7% | 9.0% |
| VOYA | Voya Financial, Inc. | $94.01 | $76.08 | 24% above | $9.2B | 5.7% | -1.0% |
| LNC | LINCOLN NATIONAL CORP | $39.83 | $59.35 | 33% below | $7.4B | 6.5% | 3.5% |
| GNW | GENWORTH FINANCIAL INC | $9.07 | — | — | $3.8B | 2.1% | -1.5% |
| FGN | F&G Annuities & Life, Inc. | $22.63 | — | — | $3.0B | 11.9% | 9.7% |
| BHF | Brighthouse Financial, Inc. | $47.77 | $9.56 | 400% above | $2.8B | -3.6% | 9.4% |
| FG | F&G Annuities & Life, Inc. | $19.57 | — | — | $2.6B | 11.9% | 9.7% |
| FGSN | F&G Annuities & Life, Inc. | $18.75 | — | — | $2.5B | 11.9% | 9.7% |
| UTGN | UTG INC | $58.00 | $180.03 | 68% below | $182.9M | 9.8% | 4.8% |
| CIA | CITIZENS, INC. | $3.44 | $16.02 | 79% below | $104.1M | 2.5% | 0.5% |
| AAME | ATLANTIC AMERICAN CORP | $1.05 | $0.59 | 78% above | $21.4M | -0.2% | 1.4% |
Stock lists
Undervalued Stocks Below Graham Intrinsic Value
Highest ROIC Stocks (10-Year Average)
Highest Free Cash Flow Yield Stocks
Fastest-Growing Stocks by 10-Year Revenue