ASIC vs HRTG vs ACGL vs RLI vs RNR

For growth investors, Ategrity Specialty Holdings LLC (ASIC) is the stronger pick with 23.

4% revenue growth year-over-year, versus 3. 7% for Heritage Insurance Holdings, Inc. (HRTG). Heritage Insurance Holdings, Inc. (HRTG) offers the better valuation at 4. 4x trailing P/E (6. 1x forward), making it the more compelling value choice. Analysts rate Ategrity Specialty Holdings LLC (ASIC) a "Buy" — based on 4 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Heritage Insurance Holdings, Inc.

(HRTG) is the cheapest at 4. 4x versus Ategrity Specialty Holdings LLC at 12. 1x. On forward P/E, Heritage Insurance Holdings, Inc. is actually cheaper at 6. 1x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: RenaissanceRe Holdings Ltd. wins at 0. 26x versus RLI Corp. 's 0. 88x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Heritage Insurance Holdings, Inc.

(HRTG) delivered a total return of +201. 4%, compared to -21. 4% for Ategrity Specialty Holdings LLC (ASIC). Over 10 years, the gap is even starker: ACGL returned +324. 0% versus ASIC's -21. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), RenaissanceRe Holdings Ltd.

(RNR) is the lower-risk stock at -0. 03β versus Heritage Insurance Holdings, Inc. 's 0. 50β — meaning HRTG is approximately -1667% more volatile than RNR relative to the S&P 500. On balance sheet safety, RLI Corp. (RLI) carries a lower debt/equity ratio of 6% versus 20% for Heritage Insurance Holdings, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Ategrity Specialty Holdings LLC (ASIC) is pulling ahead at 23.

4% versus 3. 7% for Heritage Insurance Holdings, Inc. (HRTG). On earnings-per-share growth, the picture is similar: Heritage Insurance Holdings, Inc. grew EPS 214. 4% year-over-year, compared to 3. 8% for Arch Capital Group Ltd.. Over a 3-year CAGR, RNR leads at 36. 2% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Heritage Insurance Holdings, Inc.

(HRTG) is the more profitable company, earning 23. 1% net margin versus 17. 4% for Ategrity Specialty Holdings LLC — meaning it keeps 23. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: RNR leads at 31. 5% versus 22. 6% for ASIC. At the gross margin level — before operating expenses — HRTG leads at 63. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, RenaissanceRe Holdings Ltd. (RNR) is the more undervalued stock at a PEG of 0. 26x versus RLI Corp. 's 0. 88x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Heritage Insurance Holdings, Inc. (HRTG) trades at 6. 1x forward P/E versus 17. 9x for RLI Corp. — 11. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for HRTG: 39. 1% to $39. 00.

In this comparison, RLI (5.

3% yield), ASIC (0. 8% yield), RNR (0. 6% yield) pay a dividend. HRTG, ACGL do not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, RenaissanceRe Holdings Ltd.

(RNR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 03), 0. 6% yield, +176. 9% 10Y return). Both have compounded well over 10 years (RNR: +176. 9%, HRTG: +119. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: ASIC is a small-cap high-growth stock; HRTG is a small-cap deep-value stock; ACGL is a mid-cap deep-value stock; RLI is a small-cap deep-value stock; RNR is a mid-cap deep-value stock. ASIC, RLI, RNR pay a dividend while HRTG, ACGL do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.