| RGA Reinsurance Group of America | 9.06% | 164,550 | $35.9M | No change |
| PRI Primerica Inc. | 8.90% | 132,700 | $35.2M | No change |
| BRO Brown & Brown Inc. | 8.52% | 325,450 | $33.7M | No change |
| ACGL Arch Capital Group Ltd. | 8.49% | 300,120 | $33.6M | Reduce -6.3% |
| AFL Aflac Inc. | 8.36% | 295,800 | $33.1M | No change |
| RNR Renaissancere Holdings Ltd. | 8.28% | 120,270 | $32.8M | No change |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 7.59% | 106,725 | $30.0M | No change |
| CB Chubb Ltd. | 6.98% | 95,750 | $27.6M | No change |
| AMP Ameriprise Financial Inc. | 6.62% | 55,700 | $26.2M | No change |
| AIG American International Group | 6.46% | 349,000 | $25.6M | No change |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 4.73% | 329,881 | $18.7M | No change |
| RJF Raymond James Financial Inc. | 4.69% | 151,500 | $18.6M | No change |
| RLI Rli Corp. | 3.92% | 100,146 | $15.5M | No change |
| FAF First American Financial | 2.49% | 149,350 | $9.9M | Add +11.2% |
| FNF Fidelity National Financial | 2.35% | 149,500 | $9.3M | Add +11.2% |
| LMND Lemonade Inc. | 1.02% | 245,000 | $4.0M | No change |
| HISCOX LTD. | 0.61% | 158,088 | $2.4M | Add +0.8% |
| JPM JPMorgan Chase & Co. | 0.51% | 9,550 | $2.0M | No change |
| SKWD Skyward Specialty Insurance | 0.15% | 15,000 | $611K | No change |
| FG F&G Annuities & Life Inc. | 0.09% | 7,785 | $348K | No change |
| SAFT Safety Insurance Group Inc. | 0.08% | 3,700 | $303K | No change |
| SIGI Selective Insurance Group | 0.07% | 3,000 | $280K | No change |
| DGICA Donegal Group Inc. Class A | 0.02% | 5,192 | $77K | No change |