Global Insurance Undervalued Dividend Payers

Ping An Insurance (Group) Company of China

Market Cap: CN¥1.0t

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

China Life Insurance

Market Cap: HK$1.1t

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

Zurich Insurance Group

Market Cap: CHF 81.7b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

AXA

Market Cap: €84.5b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Marsh & McLennan Companies

Market Cap: US$81.4b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

Allstate

Market Cap: US$54.5b

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

China Pacific Insurance (Group)

Market Cap: CN¥346.0b

Provides insurance products to in the People’s Republic of China.

Swiss Re

Market Cap: CHF 39.5b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

People's Insurance Company (Group) of China

Market Cap: HK$353.0b

An investment holding company, offers insurance products and services in the People’s Republic of China and Hong Kong.

PICC Property and Casualty

Market Cap: HK$329.2b

Engages in property and casualty insurance business in People’s Republic of China.

MS&AD Insurance Group Holdings

Market Cap: JP¥6.0t

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

Talanx

Market Cap: €29.5b

Provides insurance and reinsurance products and services worldwide.

Cathay Financial Holding

Market Cap: NT$1.1t

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

Sompo Holdings

Market Cap: JP¥5.3t

Provides property and casualty insurance services in Japan and internationally.

Daiichi Life Group

Market Cap: JP¥5.2t

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

Intact Financial

Market Cap: CA$44.6b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Sampo Oyj

Market Cap: €24.7b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

New China Life Insurance

Market Cap: CN¥172.9b

Provides life insurance products and services to individuals and institutions in China.

QBE Insurance Group

Market Cap: AU$33.7b

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

Unipol Assicurazioni

Market Cap: €15.5b

Provides insurance products and services primarily in Italy.

Powszechny Zaklad Ubezpieczen

Market Cap: zł58.8b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

ageas

Market Cap: €12.7b

Engages in insurance business.

Everest Group

Market Cap: US$14.8b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Mapfre

Market Cap: €12.6b

Engages in insurance, reinsurance, and financial activities in Spain.

Insurance Australia Group

Market Cap: AU$16.9b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

China Taiping Insurance Holdings

Market Cap: HK$82.1b

An investment holding company, underwrites various insurance and reinsurance products in the People’s Republic of China, Hong Kong, Macau, Singapore, and internationally.

Vienna Insurance Group

Market Cap: €8.4b

Engages in providing insurance products and services in Austria and internationally.

China Reinsurance (Group)

Market Cap: HK$58.2b

Operates as a reinsurance company in the People's Republic of China and internationally.

SCOR

Market Cap: €5.8b

Provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and the Asia Pacific.

Hanover Insurance Group

Market Cap: US$6.2b

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

Sunshine Insurance Group

Market Cap: HK$43.6b

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

Selective Insurance Group

Market Cap: US$4.8b

Provides insurance products and services in the United States.

Steadfast Group

Market Cap: AU$4.7b

Provides general insurance brokerage services Australasia, Asia, and Europe.

nib holdings

Market Cap: AU$3.2b

Engages in the underwriting and distribution of private health, life, and living insurance to residents, international students, and visitors in Australia and New Zealand.

AUB Group

Market Cap: AU$3.2b

Engages in the insurance broking and underwriting agency businesses in Australia, the United States, the United Kingdom, Rest of Europe, New Zealand, and internationally.

Conduit Holdings

Market Cap: UK£645.7m

Through its subsidiary, provides reinsurance products and services in the United States, Europe, and worldwide.