May 10, 2019

Buy ($175)

Companies covered: Progressive Corporation (The) (NYSE:PGR), Allstate Corporation (The) (NYSE:ALL), Hartford Financial Services Group, Inc. (The) (NYSE:HIG), Cincinnati Financial Corporation (NASDAQ:CINF), The Travelers Companies, Inc. (NYSE:TRV), American International Group, Inc. (NYSE:AIG), Chubb Corporation (The) (NYSE:CB), W.R. Berkley Corporation (NYSE:WRB), The Navigators Group, Inc. (NASDAQ:NAVG), Axis Capital Holdings Limited (NYSE:AXS), Arch Capital Group Ltd. (NASDAQ:ACGL), RenaissanceRe Holdings Ltd. (NYSE:RNR), Marsh & McLennan Companies, Inc. (NYSE:MMC), Intact Financial Corporation (TSE:IFC), Willis Towers Watson PLC (NASDAQ:WLTW), The Hanover Insurance Group, Inc. (NYSE:THG), Selective Insurance Group, Inc. (NASDAQ:SIGI), Kemper Corporation (NYSE:KMPR), Hallmark Financial Services, Inc. (NASDAQ:HALL), Goosehead Insurance, Inc. (NASDAQ:GSHD)