Surety Insurance stocks: intrinsic value, ROIC & growth
7 U.S. surety insurance companies with at least three years of SEC filings, ranked by size. 6 of the 6 with a current price trade below their Graham intrinsic value. The median company earned a 12.8% average return on invested capital and grew revenue 1.5% a year.
Updated October 18, 2026
7companies
6below Graham value
12.8%median 10-yr ROIC
1.5%median revenue CAGR
Most undervalued surety insurance stocks
| Ticker | Company | Upside | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| ESNT | Essent Group Ltd. | +206% | $64.70 | $198.23 | 67% below | $6.5B | 17.1% | 11.9% |
| RDN | RADIAN GROUP INC | +157% | $34.04 | $87.51 | 61% below | $4.8B | 7.0% | -0.4% |
| MTG | MGIC INVESTMENT CORP | +138% | $27.85 | $66.37 | 58% below | $6.5B | 12.8% | 1.5% |
| ORI | OLD REPUBLIC INTERNATIONAL CORP | +98% | $39.66 | $78.63 | 50% below | $10.0B | 10.9% | 5.0% |
Highest-ROIC surety insurance stocks
| Ticker | Company | 10-yr ROIC | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| ESNT | Essent Group Ltd. | 17.1% | $64.70 | $198.23 | 67% below | $6.5B | 17.1% | 11.9% |
| NMIH | NMI Holdings, Inc. | 14.0% | $40.71 | $163.42 | 75% below | $3.2B | 14.0% | 21.4% |
| MTG | MGIC INVESTMENT CORP | 12.8% | $27.85 | $66.37 | 58% below | $6.5B | 12.8% | 1.5% |
| ORI | OLD REPUBLIC INTERNATIONAL CORP | 10.9% | $39.66 | $78.63 | 50% below | $10.0B | 10.9% | 5.0% |
| RDN | RADIAN GROUP INC | 7.0% | $34.04 | $87.51 | 61% below | $4.8B | 7.0% | -0.4% |
All surety insurance stocks
| Ticker | Company | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|
| ORI | OLD REPUBLIC INTERNATIONAL CORP | $39.66 | $78.63 | 50% below | $10.0B | 10.9% | 5.0% |
| MTG | MGIC INVESTMENT CORP | $27.85 | $66.37 | 58% below | $6.5B | 12.8% | 1.5% |
| ESNT | Essent Group Ltd. | $64.70 | $198.23 | 67% below | $6.5B | 17.1% | 11.9% |
| RDN | RADIAN GROUP INC | $34.04 | $87.51 | 61% below | $4.8B | 7.0% | -0.4% |
| NMIH | NMI Holdings, Inc. | $40.71 | $163.42 | 75% below | $3.2B | 14.0% | 21.4% |
| OSG | OCTAVE SPECIALTY GROUP INC | $4.66 | — | — | $219.9M | -7.4% | -13.1% |
| MBI | MBIA INC | $4.41 | $85.25 | 95% below | $217.3M | 50.8% | -18.1% |
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