Canadian Insurance Potentially Undervalued Companies

Fairfax Financial Holdings

Market Cap: CA$47.5b

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

Trisura Group

Market Cap: CA$2.0b

A specialty insurance company, operates in the surety, warranty, corporate insurance, and program and fronting businesses in Canada and the United States.

AXA

Market Cap: CA$90.4b

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

E-L Financial

Market Cap: CA$5.9b

Operates as an investment and insurance holding company in Canada.

Manulife Financial

Market Cap: CA$103.6b

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

Allianz

Market Cap: CA$164.1b

Provides property-casualty insurance, life/health insurance, and asset management products and services worldwide.

Great-West Lifeco

Market Cap: CA$82.4b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Zurich Insurance Group

Market Cap: CA$90.7b

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

Intact Financial

Market Cap: CA$49.4b

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