Canadian Insurance Potentially Undervalued Companies

Fairfax Financial Holdings

Market Cap: CA$55.2b

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$92.5b

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

E-L Financial

Market Cap: CA$5.8b

Operates as an investment and insurance holding company in Canada.

Sagicor Financial

Market Cap: CA$1.2b

Provides various financial services to individuals and corporations in Canada, the United States, Jamaica, and the rest of the Caribbean.

Allianz

Market Cap: CA$162.0b

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

Great-West Lifeco

Market Cap: CA$80.9b

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$91.8b

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$50.2b

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

Manulife Financial

Market Cap: CA$103.1b

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