Global Insurance High Return On Equity, Low Debt

China Life Insurance

Market Cap: HK$1.1t

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

Progressive

Market Cap: US$125.7b

Operates as an insurance company in the United States.

Allstate

Market Cap: US$63.8b

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

Life Insurance Corporation of India

Market Cap: ₹5.2t

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

Caixa Seguridade Participações

Market Cap: R$61.9b

Provides insurance products in Brazil and internationally.

Primerica

Market Cap: US$8.9b

Provides financial products and services to middle-income households in the United States and Canada.

OUTsurance Group

Market Cap: R132.5b

A financial services company, provides insurance and investment products in South Africa, Australia, and Ireland.

Mercury General

Market Cap: US$5.6b

Engages in writing personal automobile insurance in the United States.

Rasan Information Technology

Market Cap: ر.س11.4b

A financial technology company, provides insurance and financial services in the Kingdom of Saudi Arabia.

Slide Insurance Holdings

Market Cap: US$2.9b

Provides property and casualty insurance services in the United States.

Santam

Market Cap: R45.2b

Provides various general insurance products and services to individuals, commercial, and corporate markets in South Africa, rest of Africa, and internationally.

Türkiye Sigorta

Market Cap: ₺122.8b

Operates as a non-life insurance company in Turkey.

Mercuries Life Insurance

Market Cap: NT$57.2b

Provides life insurance products in Taiwan.

Exzeo Group

Market Cap: US$1.5b

Provides turnkey insurance technology and operations solutions to insurance carriers and agents in the United States.

Universal Insurance Holdings

Market Cap: US$1.2b

Operates as an integrated insurance holding company in the United States.

Central Reinsurance

Market Cap: NT$37.6b

Provides various property and life inward and outward reinsurance services in Taiwan and internationally.

Anadolu Anonim Türk Sigorta Sirketi

Market Cap: ₺54.2b

Engages in the insurance business in Turkey.

Heritage Insurance Holdings

Market Cap: US$1.0b

Through its subsidiaries, provides personal and commercial residential insurance products.

NICO Holdings

Market Cap: MK 1.4t

Engages in general insurance, life assurance, pension administration, banking, corporate finance advisory, asset management, and information technology (IT) businesses in Malawi, Zambia, Uganda, and Mozambique.

Mercuries & Associates Holding

Market Cap: NT$19.4b

An investment holding company, engages in the life insurance, consumer goods and catering retail, pharmaceuticals, and information services businesses.

Yuanbao

Market Cap: US$566.3m

Provides insurance brokerage and agency licenses services in the People’s Republic of China.

Quick Sigorta

Market Cap: ₺24.4b

Provides non-life insurance services in Turkey.

Libra Insurance

Market Cap: ₪1.4b

Engages in the general insurance business in Israel.

Ray Sigorta Anonim Sirketi

Market Cap: ₺22.2b

Engages in the non-life insurance business in Turkey.

INCAR FINANCIAL SERVICE

Market Cap: ₩523.6b

Operates as an independent insurance agency in South Korea.

SBI Insurance Group

Market Cap: JP¥56.9b

Provides various insurance products in Japan.

Custodian Investment

Market Cap: ₦441.1b

Through its subsidiaries, provides insurance products and services in Nigeria.

Allshores

Market Cap: BD$261.9m

Provides insurance and investment solutions to individuals and businesses in Bermuda, Bahamas, Caribbean region, and Cayman Islands.

Solid Försäkringsaktiebolag

Market Cap: SEK 2.0b

Provides non-life insurance to private and business customers in Sweden, Denmark, Norway, Finland, and internationally.

Votum

Market Cap: zł517.2m

Votum S.A. helps victims of traffic accidents in obtaining compensation from insurance companies.

QDM International

Market Cap: US$124.5m

Operates as an insurance brokerage company primarily in Hong Kong.

Softlogic Life Insurance

Market Cap: LK₨24.4b

Provides life insurance products to individual and corporate customers in Sri Lanka.

Vivir Seguros Compañía de Seguros De Vida

Market Cap: S/233.4m

A life insurance company, provides insurance products and services.

Consolidated Hallmark Holdings

Market Cap: ₦79.9b

Through its subsidiaries, primarily provides insurance products and services in Nigeria.

Union Insurance

Market Cap: ৳2.3b

Provides non-life insurance products and services in Bangladesh.

Meghna Insurance

Market Cap: ৳1.4b

Engages in the insurance business.