Global Insurance Undervalued Dividend Payers

China Life Insurance

Market Cap: HK$1.4t

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

Ping An Insurance (Group) Company of China

Market Cap: CN¥1.2t

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

Progressive

Market Cap: US$124.5b

Operates as an insurance company in the United States.

AXA

Market Cap: €82.4b

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

Tokio Marine Holdings

Market Cap: JP¥11.1t

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

China Pacific Insurance (Group)

Market Cap: CN¥417.2b

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

People's Insurance Company (Group) of China

Market Cap: HK$451.7b

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

Swiss Re

Market Cap: CHF 38.1b

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

PICC Property and Casualty

Market Cap: HK$367.2b

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

American International Group

Market Cap: US$42.1b

Offers insurance products for commercial, institutional, and individual customers in North America and internationally.

MS&AD Insurance Group Holdings

Market Cap: JP¥5.7t

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

Talanx

Market Cap: €29.3b

Provides insurance and reinsurance products and services worldwide.

New China Life Insurance

Market Cap: CN¥226.9b

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

Dai-ichi Life Holdings

Market Cap: JP¥4.9t

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

QBE Insurance Group

Market Cap: AU$30.0b

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

Unipol Assicurazioni

Market Cap: €14.7b

Provides insurance products and services primarily in Italy.

Powszechny Zaklad Ubezpieczen

Market Cap: zł61.5b

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

Mapfre

Market Cap: €13.2b

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

ageas

Market Cap: €11.4b

Engages in insurance business.

Unum Group

Market Cap: US$13.2b

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

Insurance Australia Group

Market Cap: AU$18.8b

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

Suncorp Group

Market Cap: AU$18.6b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Beazley

Market Cap: UK£4.8b

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

Hanover Insurance Group

Market Cap: US$6.3b

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

Sunshine Insurance Group

Market Cap: HK$49.2b

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

SCOR

Market Cap: €5.0b

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

UNIQA Insurance Group

Market Cap: €4.8b

Operates as an insurance company in Austria and Central and Eastern Europe.

Selective Insurance Group

Market Cap: US$5.1b

Provides insurance products and services in the United States.

Steadfast Group

Market Cap: AU$5.9b

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

AUB Group

Market Cap: AU$3.6b

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

nib holdings

Market Cap: AU$3.3b

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

Allianz Malaysia Berhad

Market Cap: RM 3.7b

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

Syarikat Takaful Malaysia Keluarga Berhad

Market Cap: RM 2.7b

Manages family and general takaful businesses in Malaysia and Indonesia.

Hanwha General Insurance

Market Cap: ₩611.6b

Provides insurance services in South Korea.