Table: Best Picks in Insurance

Company/Symbol Price* P-E Ratio**
American International Group AIG $58.20 15
Well-capitalized and well-diversified, selling below its historical P-E
Arch Capital Group ACGL 36.24 12
Bermuda-based insurer formed in 2001; no asbestos liabilities
Hartford Financial Services Group HIG 49.92 NA
Has asbestos liabilities but plenty of reserves to pay them if needed
*June 13 **Based on estimated 2003 earnings
Data: Bloomberg Financial Markets, BusinessWeek

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