Global Insurance Undervalued Dividend Payers

China Life Insurance

Market Cap: HK$1.1t

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

Ping An Insurance (Group) Company of China

Market Cap: CN¥869.2b

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

Zurich Insurance Group

Market Cap: CHF 91.7b

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

AXA

Market Cap: €91.0b

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

Manulife Financial

Market Cap: CA$97.7b

Provides financial products and services in the United States, Canada, Asia, and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.6t

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

Swiss Re

Market Cap: CHF 39.0b

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$333.0b

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$315.4b

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

MS&AD Insurance Group Holdings

Market Cap: JP¥6.4t

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

China Pacific Insurance (Group)

Market Cap: CN¥268.5b

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

Sompo Holdings

Market Cap: JP¥5.8t

Provides property and casualty (P&C) insurance products and services in Japan and internationally.

Hannover Rück

Market Cap: €30.1b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Talanx

Market Cap: €28.6b

Provides insurance and reinsurance products and services worldwide.

QBE Insurance Group

Market Cap: AU$38.0b

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

New China Life Insurance

Market Cap: CN¥171.9b

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

Powszechny Zaklad Ubezpieczen

Market Cap: zł59.9b

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

ageas

Market Cap: €13.5b

Engages in insurance business.

Everest Group

Market Cap: US$14.7b

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

Insurance Australia Group

Market Cap: AU$19.1b

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$66.8b

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

SCOR

Market Cap: €5.7b

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: €5.5b

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

China Reinsurance (Group)

Market Cap: HK$48.9b

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

DB Insurance

Market Cap: ₩8.8t

Provides various insurance products and services in South Korea.

Sunshine Insurance Group

Market Cap: HK$40.5b

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

Thai Life Insurance

Market Cap: ฿136.3b

Provides life insurance products in Thailand.

Steadfast Group

Market Cap: AU$5.7b

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

Santam

Market Cap: R43.5b

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

AUB Group

Market Cap: AU$3.7b

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$3.5b

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

Pelagos Insurance Capital

Market Cap: US$2.1b

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

Conduit Holdings

Market Cap: UK£637.1m

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

Syarikat Takaful Malaysia Keluarga Berhad

Market Cap: RM 2.8b

Manages and operates family and general takaful businesses in Malaysia and Indonesia.