American Coastal Insurance (ACIC) had the highest return in 2023 by a small-cap US stock in the Financial Sector, returning 767.9%.

ASSET	YEAR	% RETURN
American Coastal Insurance (ACIC)	2023	767.88%
DeFi Technologies (DEFT)	2023	433.58%
Heritage Insurance Hldgs (HRTG)	2023	264.25%
HIVE Digital Technologies (HIVE)	2023	204.03%
Crawford (CRD.B)	2023	153.77%
OppFi (OPFI)	2023	147.35%
Crawford (CRD.A)	2023	147.01%
Root (ROOT)	2023	139.27%
High Templar Tech Limited Sponsored ADR Class A (HTT)	2023	117.02%
Goosehead Insurance (GSHD)	2023	115.95%
Loandepot (LDI)	2023	114.63%
World Acceptance (WRLD)	2023	96.34%
Grupo Supervielle (SUPV)	2023	87.1%
Burford Capital (BUR)	2023	85.92%
PROG (PRG)	2023	80.02%
Velocity Financial Llc (VEL)	2023	76.62%
International General Insurance (IGIC)	2023	74.43%
Federal Agricultural Mortgage (AGM)	2023	72.88%
Federal Agricultural Mortgage (AGM.A)	2023	69.73%
Donnelley Financial Solutions (DFIN)	2023	59.96%
Foreign Trade Bank of Latin America (BLX)	2023	59.62%
Universal Insurance (UVE)	2023	55.42%
Capital Southwest (CSWC)	2023	54.83%
Trinity Capital (TRIN)	2023	54.11%
Nerdwallet (NRDS)	2023	51.6%

Small-cap stocks are treated as having a market cap between $300M and $2B.