Filing Flows › Industries › Fire, Marine & Casualty Insurance › Capital spending and supply chain
Fire, Marine & Casualty Insurance: capital spending and supply chain
SIC 6331 · 31 companies with filed cash-flow statements
Analysis
31 companies in Fire, Marine & Casualty Insurance (SIC 6331) spent $24.6B on capital projects over their latest twelve months, 25% of the $99.2B their operations generated; the three largest spenders — BRK-B, L, PGR — account for 97%.
Capital spending is 3.0% of the industry's $826.9B of annual revenue.
By the industry's asset mix most of it goes to software (70%); about $3.2B is imported.
The largest supplier of that spending is software publishers ($8.3B).
Its largest supplying industries, by the input-output tables: insurance agencies, brokerages, and related activities ($74.4B), insurance carriers, except direct life ($22.8B), other real estate ($8.3B).
Charts
Capital spending by company
| Company | Capital spending | Operating cash flow | Capex / OCF | Period |
|---|---|---|---|---|
| BRK-B Berkshire Hathaway | $22.4B | $46.6B | 48% | TTM to Q2 2026 |
| L Loews | $916M | $2.6B | 35% | TTM to Q3 2026 |
| PGR Progressive | $438M | $15.7B | 3% | TTM to Q3 2026 |
| MKL Markel Group | $251M | $2.1B | 12% | TTM to Q3 2026 |
| ALL Allstate | $234M | $13.0B | 2% | TTM to Q3 2026 |
| CNA CNA Financial | $81.0M | $2.3B | 4% | TTM to Q3 2026 |
| SIGI Selective Insurance Group | $55.3M | $1.2B | 5% | TTM to Q3 2026 |
| ACGL Arch Capital Group | $44.0M | $5.7B | 1% | TTM to Q3 2026 |
| KMPR Kemper | $37.6M | $434M | 9% | TTM to Q2 2026 |
| KNSL Kinsale Capital Group | $23.2M | $996M | 2% | TTM to Q3 2026 |
| LMND Lemonade | $16.6M | $24.0M | 69% | TTM to Q3 2026 |
| CINF Cincinnati Financial | $16.0M | $3.1B | 1% | TTM to Q3 2026 |
| THG Hanover Insurance Group | $9.4M | $1.2B | 1% | TTM to Q3 2026 |
| AII American Integrity Insurance Group | $8.9M | $173M | 5% | TTM to Q2 2026 |
| SLDE Slide Insurance Holdings | $7.9M | $969M | 1% | TTM to Q3 2026 |
| RLI RLI | $7.9M | $539M | 1% | TTM to Q3 2026 |
| SAFT Safety Insurance Group | $5.5M | $153M | 4% | TTM to Q3 2026 |
| HRTG Heritage Insurance Holdings | $5.5M | $190M | 3% | TTM to Q3 2026 |
| BOW Bowhead Specialty Holdings | $5.4M | $412M | 1% | TTM to Q3 2026 |
| UVE Universal Insurance Holdings | $4.6M | $365M | 1% | TTM to Q3 2026 |
| ASIC Ategrity Specialty Insurance | $4.3M | $210M | 2% | TTM to Q3 2026 |
| JRVR James River Group Holdings | $4.1M | $1.8M | 232% | TTM to Q2 2026 |
| KINS Kingstone Companies | $3.3M | $82.1M | 4% | TTM to Q3 2026 |
| EIG Employers Holdings | $2.5M | −$18.8M | — | TTM to Q3 2026 |
| HCI HCI Group | $1.6M | $460M | 0% | TTM to Q3 2026 |
| ROOT Root | $1.1M | $184M | 1% | TTM to Q3 2026 |
| ACIC American Coastal Insurance | $627K | $69.6M | 1% | TTM to Q3 2026 |
| HIPO Hippo Holdings | $600K | $127M | 0% | TTM to Q3 2026 |
| PLMR Palomar Holdings | $508K | $452M | 0% | TTM to Q3 2026 |
| NODK NI Holdings | $283K | −$2.8M | — | TTM to Q3 2026 |
| AMSF Amerisafe | $241K | $12.6M | 2% | TTM to Q3 2026 |
Customers and suppliers named in annual reports
| Supplier | Customer | Share of supplier revenue | Evidence | Source |
|---|---|---|---|---|
| HSY | BRK-B | 27% | Stated in 10-K (sentence) | filing |
| PRG | PGR | 96% | Stated in 10-K (sentence) | filing |
| LCII | BRK-B | 18% | Stated in 10-K (sentence) | filing |
| ACIC | Am Risc LLC | 97% | Stated in 10-K (XBRL) | filing |
| TR | BRK-B | 20% | Stated in 10-K (XBRL) | filing |
| TWFG | PGR | 11% | Stated in 10-K (sentence) | filing |
| SPGI | UVE | — | Stated in 10-K (named, share not stated) | filing |
| BLK | CB | — | Stated in 10-K (named, share not stated) | filing |
| AMZN | HIPO | — | Stated in 10-K (named, share not stated) | filing |
| AAPL | ROOT | — | Stated in 10-K (named, share not stated) | filing |
| AAPL | LMND | — | Stated in 10-K (named, share not stated) | filing |
| GOOGL | ROOT | — | Stated in 10-K (named, share not stated) | filing |
| GOOGL | LMND | — | Stated in 10-K (named, share not stated) | filing |
| GOOGL | HIPO | — | Stated in 10-K (named, share not stated) | filing |
| BRK-B | WMT | 17% | Stated in 10-K (sentence) | filing |
| BRK-B | 7-Eleven | 13% | Stated in 10-K (sentence) | filing |
| BRK-B | YUM | 13% | Stated in 10-K (sentence) | filing |
The interactive money flow: switch views, follow each dollar →
Evidence grades: A filed figure · B computed from filed figures · C industry average (BEA input-output and fixed-asset tables) applied to filed figures. Estimates are not the companies’ own records. Not investment advice.