Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
TIPTthis companyTiptree Inc.	$17.56	19.65×	1.35×	1,406.18×	-15.53×	-106.1%	100.0%	-9574.6%	7157.2%	6.9%	-0.6%	24.5%	0.16×	-1.05×	0×	0.44×	1.3%	6	8.46	5	A+
AMSFAMERISAFE, Inc.	$19.63	15.49×	2.9×	2.3×	11.19×	184.6%	46.4%	18.6%	14.9%	18.7%	11.0%	1.2%	0×	-1.04×	0×	0.61×	6.7%	7	1.16	4	A-
EIGEmployers Holdings, Inc.	$47.13	95.93×	1.08×	1.21×	38.63×	92.4%	32.2%	1.4%	1.3%	1.1%	1.0%	4.1%	0.04×	-5.1×	24×	0.82×	2.9%	5	2.22	3	B-
JRVRJames River Group Holdings, Ltd.	$3.82	6.17×	0.44×	0.43×	4.84×	1858.7%	28.4%	7.4%	6.9%	7.1%	4.5%	-8.1%	0.49×	0.92×	2.15×	0.91×	3.4%	5	0.34	3	B+
NMIHNMI Holdings, Inc.	$38.02	8.14×	1.22×	4.49×	6.56×	215.7%	91.8%	70.8%	55.1%	15.0%	11.7%	13.0%	0.16×	0.69×	17.55×	1.9×	0.0%	6	2.85	5	A+
Peer median	—	11.81×	1.15×	1.75×	8.88×	200.2%	39.3%	13.0%	10.9%	11.0%	7.7%	2.7%	0.1×	-0.17×	9.85×	0.87×	3.1%	6	1.69	4	—