DGI (Dividend Growth Investing) investors are naturally drawn to dividend-growing companies with strong cash positions. Property & Casualty insurance companies should typically fall into that category.
An insurance company is sitting on a lot of cash, not just from the equity that it has to put up, but also from the incoming insurance premiums that the policyholders have paid for the insurance contracts.
Some of the cash in an insurance company's coffers is earmarked for future payouts on insurance claims. This bucket is considered a liability on the balance sheet. The remainder is referred