ASIC vs JRVR vs HRTG vs ACGL vs RLI

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

4% revenue growth year-over-year, versus -2. 8% for James River Group Holdings, Ltd. (JRVR). 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, James River Group Holdings, Ltd. is actually cheaper at 3. 9x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: James River Group Holdings, Ltd. wins at 0. 10x 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 -84. 3% for James River Group Holdings, Ltd. (JRVR). Over 10 years, the gap is even starker: ACGL returned +324. 0% versus JRVR's -58. 2%. 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), RLI Corp.

(RLI) is the lower-risk stock at -0. 01β versus James River Group Holdings, Ltd. 's 0. 50β — meaning JRVR is approximately -8556% more volatile than RLI relative to the S&P 500. On balance sheet safety, RLI Corp. (RLI) carries a lower debt/equity ratio of 6% versus 49% for James River Group Holdings, Ltd. — 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 -2. 8% for James River Group Holdings, Ltd. (JRVR). 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, ACGL leads at 27. 3% 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 6. 9% for James River Group Holdings, Ltd. — meaning it keeps 23. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: HRTG leads at 30. 6% versus 7. 4% for JRVR. 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, James River Group Holdings, Ltd. (JRVR) is the more undervalued stock at a PEG of 0. 10x versus RLI Corp. 's 0. 88x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, James River Group Holdings, Ltd. (JRVR) trades at 3. 9x forward P/E versus 17. 9x for RLI Corp. — 14. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for JRVR: 62. 8% to $7. 00.

In this comparison, RLI (5.

3% yield), JRVR (0. 8% yield), ASIC (0. 8% 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, RLI Corp.

(RLI) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β -0. 01), 5. 3% yield, +105. 0% 10Y return). Both have compounded well over 10 years (RLI: +105. 0%, 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; JRVR is a small-cap deep-value 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. ASIC, JRVR, RLI 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.