Global Insurance Healthy potentially undervalued

MS&AD Insurance Group Holdings

Market Cap: JP¥4.9t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

AXIS Capital Holdings

Market Cap: US$7.2b

Through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally.

Prudential

Market Cap: UK£25.2b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Life Insurance Corporation of India

Market Cap: ₹5.6t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

QBE Insurance Group

Market Cap: AU$29.5b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Hanwha General Insurance

Market Cap: ₩615.1b

Provides insurance services in South Korea.

Ping An Insurance (Group) Company of China

Market Cap: CN¥977.3b

Ping An Insurance (Group) Company of China, Ltd.

Arch Capital Group

Market Cap: US$32.1b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

DB Insurance

Market Cap: ₩7.8t

Provides various insurance products and services in South Korea.

Dai-ichi Life Holdings

Market Cap: JP¥4.0t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

BB Seguridade Participações

Market Cap: R$62.0b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Unum Group

Market Cap: US$12.6b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

China Pacific Insurance (Group)

Market Cap: CN¥331.7b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Hartford Insurance Group

Market Cap: US$34.9b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Waterdrop

Market Cap: US$643.8m

Through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People’s Republic of China.

Hamilton Insurance Group

Market Cap: US$2.4b

Through its subsidiaries, operates as specialty insurance and reinsurance company in Bermuda and internationally.

Fairfax Financial Holdings

Market Cap: CA$52.7b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.

Fidelis Insurance Holdings

Market Cap: US$1.9b

Provides insurance and reinsurance solutions in Bermuda, the Republic of Ireland, and the United Kingdom.

Japan Post Insurance

Market Cap: JP¥1.5t

Provides life insurance products and services in Japan.

Allianz Malaysia Berhad

Market Cap: RM 3.3b

An investment holding company, engages in general and life insurance business in Malaysia.

Allstate

Market Cap: US$51.4b

Provides property and casualty, and other insurance products in the United States and Canada.

Sabre Insurance Group

Market Cap: UK£318.1m

Through its subsidiaries, engages in writing of general insurance for motor vehicles in the United Kingdom.

Mapfre

Market Cap: €12.1b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Hanover Insurance Group

Market Cap: US$6.0b

Through its subsidiaries, provides various property and casualty insurance products and services in the United States.

China Life Insurance

Market Cap: HK$1.1t

Operates as a life insurance company in the People’s Republic of China.

Grupo Catalana Occidente

Market Cap: €5.8b

Provides insurance products and services in Spain, the European Union, and internationally.

Beazley

Market Cap: UK£5.2b

Provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally.

Hanwha Life Insurance

Market Cap: ₩2.3t

Provides insurance products to individual and corporate customers in South Korea and internationally.

Tokio Marine Holdings

Market Cap: JP¥11.4t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

Sunshine Insurance Group

Market Cap: HK$44.2b

Provides various insurance products and related services in the People’s Republic of China.

Kemper

Market Cap: US$3.0b

An insurance holding company, provides insurance products in the United States.

MetLife

Market Cap: US$51.8b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Lancashire Holdings

Market Cap: UK£1.5b

Provides specialty insurance and reinsurance products in London, Bermuda, and Australia.

Unipol Assicurazioni

Market Cap: €13.0b

Provides insurance products and services primarily in Italy.

Aegon

Market Cap: €9.9b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Syarikat Takaful Malaysia Keluarga Berhad

Market Cap: RM 2.7b

Manages family and general takaful businesses in Malaysia and Indonesia.