German Diversified Financials Potentially Undervalued Companies

Corebridge Financial

Market Cap: €15.4b

Provides retirement solutions and insurance products in the United States.

Pepper Money

Market Cap: €608.3m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

FirstRand

Market Cap: €389.8b

Provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally.

Alaris Equity Partners Income Trust

Market Cap: €841.2m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

Polar Capital Holdings

Market Cap: €353.8m

Polar Capital Holdings plc is a publicly owned investment manager.

Vanquis Banking Group

Market Cap: €155.8m

Engages in the provision of personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland.

Regional Management

Market Cap: €307.4m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

Mr. Cooper Group

Market Cap: €7.1b

Operates as a non-bank servicer of residential mortgage loans in the United States.

State Street

Market Cap: €24.5b

Through its subsidiaries, provides a range of financial products and services to institutional investors worldwide.

Affiliated Managers Group

Market Cap: €4.5b

Through its affiliates, operates as an investment management company providing investment management services to mutual funds, institutional clients,retails and high net worth individuals in the United States.

Foresight Group Holdings

Market Cap: €386.4m

Operates as an infrastructure and private equity manager in the United Kingdom, Italy, Luxembourg, Ireland, Spain, and Australia.

NewtekOne

Market Cap: €269.0m

Operates as the bank holding company for Newtek Bank, National Association that provides various business and financial solutions under the Newtek and NewtekOne brands to the small- and medium-sized business market.

MPC Münchmeyer Petersen Capital

Market Cap: €159.7m

A publicly owned investment manager.

Two Harbors Investment

Market Cap: €1.1b

Invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States.

ORIX

Market Cap: €3.2t

Provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East.

State Street

Market Cap: €24.5b

Through its subsidiaries, provides a range of financial products and services to institutional investors worldwide.

SBI Holdings

Market Cap: €1.1t

Engages in the online securities and investment businesses in Japn and Saudi Arabia.

GQG Partners

Market Cap: €6.0b

Operates as a boutique asset management company worldwide.

NMI Holdings

Market Cap: €2.6b

Provides private mortgage guaranty insurance services in the United States.

Petershill Partners

Market Cap: €2.2b

Petershill Partners plc, formerly known as Delta Epsilon plc, is a private equity firm operating as general partner solutions firm.

MPC Münchmeyer Petersen Capital

Market Cap: €159.7m

A publicly owned investment manager.

Merchants Bancorp

Market Cap: €1.5b

Operates as the diversified bank holding company in the United States.

Kaspi.kz

Market Cap: €16.3b

Provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine.

Exor

Market Cap: €16.7b

Engages in the automotive, agriculture and construction, sports car, commercial vehicle, and powertrain businesses worldwide.

OSB Group

Market Cap: €1.6b

Through its subsidiaries, operates as a specialist mortgage lending company in the United Kingdom and India.

Wendel

Market Cap: €3.6b

A private equity firm specializing in equity financing in middle markets and later stages through leveraged buy-out and transactions and acquisitions.

CSC Financial

Market Cap: €173.0b

Provides investment banking services in Mainland China and internationally.

Voya Financial

Market Cap: €5.4b

Provides workplace benefits, and savings solutions and technologies in the United States and internationally.

TP ICAP Group

Market Cap: €1.8b

Provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Exor

Market Cap: €16.7b

Engages in the automotive, agriculture and construction, sports car, commercial vehicle, and powertrain businesses worldwide.

FinVolution Group

Market Cap: €1.8b

Operates in the online consumer finance industry.

Northern Trust

Market Cap: €17.3b

A financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide.

AGF Management

Market Cap: €602.4m

AGF Management Limited is one of Canada’s premier investment management companies with offices across Canada and subsidiaries around the world.

W.A.G payment solutions

Market Cap: €420.9m

Operates integrated payments and mobility platform that focuses on the commercial road transportation industry in Europe.

Credit Corp Group

Market Cap: €844.0m

Engages in the provision of debt ledger purchase and collection, and consumer lending services in Australia, New Zealand, and the United States.

Tokyo Century

Market Cap: €718.9b

Provides equipment leasing, mobility and fleet management, specialty financing, and international businesses in Japan, the United States, Ireland, The United Kingdom, Germany, Singapore, Malaysia, Thailand, China, the Philippines, Panama, Mexico, Brazil, and internationally.