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5 Top Multi-Line Insurance Stocks to Buy as Interest Rates Stay Higher
Insurance stocks can be well positioned in a higher interest rate environment, particularly because insurers collect premiums upfront and invest that money until claims are paid.
Since many of those assets are held in bonds and other interest-bearing securities, elevated rates can boost investment income as maturing securities are reinvested at higher yields.
Adding to the appeal, the Zacks Insurance-Multi line Industry currently ranks in the top 32% of more than 240 Zacks industries.
That said, these five stocks from the top-rated Insurance-Multi line industry sport a Zacks Rank #1 (Strong Buy) thanks to improving earnings outlooks while trading at forward P/E multiples of under 15X.
Assurant – AIZ
Stock Price: $277
Assurant (AIZ - Free Report) ) provides protection products spanning connected devices, homes, automobiles, and commercial equipment. The company most recently delivered record Q2 results, with adjusted EBITDA rising 24% year over year to $479.2 million and adjusted EPS increasing 26% to $6.41. Assurant also raised its 2026 outlook following the strong first half.
With higher reinvestment yields providing an additional potential earnings tailwind, Assurant has the most robust top and bottom lines on the list. Annual sales are now expected to increase 8% this year to $13.92 billion, with EPS projected to rise nearly 13% to over $22 per share.
Hippo Holdings – HIPO
Stock Price: $31
Home insurer Hippo Holdings (HIPO - Free Report) ) has also shown considerable operating momentum. Q2 gross written premiums surged 61% year over year to $482 million, while net income reached $10 million.
Furthermore, Hippo Holdings' combined ratio, a key measure of property-and-casualty underwriting profitability, improved four percentage points to 95.8%, with a mark below 100% indicating an underwriting profit.
That combination of premium growth, improving underwriting profitability, and potentially higher investment yields makes HIPO another attractive name to watch.
Horace Mann Educators – HMN
Stock Price: $48
Horace Mann Educators ((HMN - Free Report) ) provides insurance and financial products primarily to teachers, administrators, and education support personnel in public and private schools.
Q2 core earnings hit a record $48.2 million, or $1.17 per share, while revenue rose 8% to $443.5 million. Plus, Horace Mann’s combined ratio improved more than seven percentage points to 89.6%.
Management subsequently raised full-year core EPS guidance to $4.60-$4.90, up from a prior range of $4.20-$4.50, and it's noteworthy that HMN offers a very generous annual dividend yield of roughly 3%.
MGIC Investment – MTG
Stock Price: $29
Mortgage insurer MGIC Investment (MTG - Free Report) ) posted Q2 net income of $182.1 million, or $0.86 per share, while generating a 14.5% return on equity.
The company has also been aggressively returning capital, authorizing an additional $750 million share repurchase program and raising its quarterly dividend by 13%.
MGIC’s substantial investment portfolio can also benefit as it reinvests securities at higher yields, and MTG shares offer a respectable 2.29% annual dividend yield.
Slide Insurance Holdings – SLDE
Stock Price: $24
Property insurer Slide Insurance Holdings (SLDE - Free Report) ) is generating some of the strongest growth of the group. Q2 gross premiums written rose 16.7% to $508 million, revenue jumped nearly 48%, and net income surged 92% to $134.9 million. Plus, its combined ratio improved to an exceptionally strong 57.6%.
Slide also maintained its 2026 net income outlook of $455-$470 million, providing further support. Along with having the most affordable stock price on the list, SLDE has the cheapest P/E valuation at 6X forward earnings.
Honorable Mention & Bottom Line
Multi-line health insurer Oscar Health (OSCR - Free Report) ) deserves an honorable mention with its own Zacks Rank #1 (Strong Buy). With its stock trading around $31 a share and 18X forward earnings, Oscar reported record first-half profitability and raised its 2026 outlook after Q2 revenue surged to roughly $4.9 billion from $2.9 billion a year earlier.
Higher rates aren't automatically positive for every insurer, as underwriting losses and claims trends remain major earnings drivers. Still, these highly ranked insurance stocks combine improving operating fundamentals with the potential for stronger investment income, while their strong buy ratings highlight favorable earnings estimate trends.
View the Zacks #1 Rank List
Image: Bigstock
5 Top Multi-Line Insurance Stocks to Buy as Interest Rates Stay Higher
Insurance stocks can be well positioned in a higher interest rate environment, particularly because insurers collect premiums upfront and invest that money until claims are paid.
Since many of those assets are held in bonds and other interest-bearing securities, elevated rates can boost investment income as maturing securities are reinvested at higher yields.
Adding to the appeal, the Zacks Insurance-Multi line Industry currently ranks in the top 32% of more than 240 Zacks industries.
That said, these five stocks from the top-rated Insurance-Multi line industry sport a Zacks Rank #1 (Strong Buy) thanks to improving earnings outlooks while trading at forward P/E multiples of under 15X.
Assurant – AIZ
Stock Price: $277
Assurant (AIZ - Free Report) ) provides protection products spanning connected devices, homes, automobiles, and commercial equipment. The company most recently delivered record Q2 results, with adjusted EBITDA rising 24% year over year to $479.2 million and adjusted EPS increasing 26% to $6.41. Assurant also raised its 2026 outlook following the strong first half.
With higher reinvestment yields providing an additional potential earnings tailwind, Assurant has the most robust top and bottom lines on the list. Annual sales are now expected to increase 8% this year to $13.92 billion, with EPS projected to rise nearly 13% to over $22 per share.
Hippo Holdings – HIPO
Stock Price: $31
Home insurer Hippo Holdings (HIPO - Free Report) ) has also shown considerable operating momentum. Q2 gross written premiums surged 61% year over year to $482 million, while net income reached $10 million.
Furthermore, Hippo Holdings' combined ratio, a key measure of property-and-casualty underwriting profitability, improved four percentage points to 95.8%, with a mark below 100% indicating an underwriting profit.
That combination of premium growth, improving underwriting profitability, and potentially higher investment yields makes HIPO another attractive name to watch.
Horace Mann Educators – HMN
Stock Price: $48
Horace Mann Educators ((HMN - Free Report) ) provides insurance and financial products primarily to teachers, administrators, and education support personnel in public and private schools.
Q2 core earnings hit a record $48.2 million, or $1.17 per share, while revenue rose 8% to $443.5 million. Plus, Horace Mann’s combined ratio improved more than seven percentage points to 89.6%.
Management subsequently raised full-year core EPS guidance to $4.60-$4.90, up from a prior range of $4.20-$4.50, and it's noteworthy that HMN offers a very generous annual dividend yield of roughly 3%.
MGIC Investment – MTG
Stock Price: $29
Mortgage insurer MGIC Investment (MTG - Free Report) ) posted Q2 net income of $182.1 million, or $0.86 per share, while generating a 14.5% return on equity.
The company has also been aggressively returning capital, authorizing an additional $750 million share repurchase program and raising its quarterly dividend by 13%.
MGIC’s substantial investment portfolio can also benefit as it reinvests securities at higher yields, and MTG shares offer a respectable 2.29% annual dividend yield.
Slide Insurance Holdings – SLDE
Stock Price: $24
Property insurer Slide Insurance Holdings (SLDE - Free Report) ) is generating some of the strongest growth of the group. Q2 gross premiums written rose 16.7% to $508 million, revenue jumped nearly 48%, and net income surged 92% to $134.9 million. Plus, its combined ratio improved to an exceptionally strong 57.6%.
Slide also maintained its 2026 net income outlook of $455-$470 million, providing further support. Along with having the most affordable stock price on the list, SLDE has the cheapest P/E valuation at 6X forward earnings.
Honorable Mention & Bottom Line
Multi-line health insurer Oscar Health (OSCR - Free Report) ) deserves an honorable mention with its own Zacks Rank #1 (Strong Buy). With its stock trading around $31 a share and 18X forward earnings, Oscar reported record first-half profitability and raised its 2026 outlook after Q2 revenue surged to roughly $4.9 billion from $2.9 billion a year earlier.
Higher rates aren't automatically positive for every insurer, as underwriting losses and claims trends remain major earnings drivers. Still, these highly ranked insurance stocks combine improving operating fundamentals with the potential for stronger investment income, while their strong buy ratings highlight favorable earnings estimate trends.