German Insurance Potentially Undervalued Companies

China Life Insurance

Market Cap: €1.0t

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

American Integrity Insurance Group

Market Cap: €333.0m

Operates as an insurance company in the United States.

Santam

Market Cap: €41.8b

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

Hannover Rück

Market Cap: €27.9b

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

Prudential

Market Cap: €23.8b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Prudential

Market Cap: €23.8b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Reinsurance Group of America

Market Cap: €13.5b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

PICC Property and Casualty

Market Cap: €335.6b

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

AXIS Capital Holdings

Market Cap: €7.4b

Through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally.

Hannover Rück

Market Cap: €27.9b

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

China Reinsurance (Group)

Market Cap: €52.7b

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

COFACE

Market Cap: €2.2b

Through its subsidiaries, provides trade credit insurance products and services for small and medium enterprises, mid-market companies, international corporations, international companies, financial institutions, and clients of distribution partners.

Sanlam

Market Cap: €180.6b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

People's Insurance Company (Group) of China

Market Cap: €322.2b

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

Assured Guaranty

Market Cap: €3.4b

Provides credit protection products to public finance and structured finance markets in the United States and internationally.

Slide Insurance Holdings

Market Cap: €2.0b

Provides property and casualty insurance services in the United States.

Ategrity Specialty Insurance Company Holdings

Market Cap: €1.0b

Through its subsidiaries, provides excess and surplus lines insurance and reinsurance products to small and medium-sized businesses in the United States.

China Life Insurance

Market Cap: €824.2b

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

Hanover Insurance Group

Market Cap: €6.9b

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

Beazley

Market Cap: €7.6b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

Bangkok Life Assurance

Market Cap: €43.1b

Provides life insurance services in Thailand.

Mapfre

Market Cap: €12.4b

Engages in insurance, reinsurance, and financial activities in Spain.

Mapfre

Market Cap: €12.4b

Engages in insurance, reinsurance, and financial activities in Spain.

Prudential

Market Cap: €23.8b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Swiss Re

Market Cap: €35.5b

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

Powszechny Zaklad Ubezpieczen

Market Cap: €56.0b

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

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €58.6b

Engages in the insurance and reinsurance businesses worldwide.

AXA

Market Cap: €83.2b

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

Ping An Insurance (Group) Company of China

Market Cap: €927.2b

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

Fairfax Financial Holdings

Market Cap: €52.5b

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.

Thai Life Insurance

Market Cap: €129.4b

Provides life insurance products in Thailand.

Hamilton Insurance Group

Market Cap: €3.1b

Through its subsidiaries, operates as specialty insurance and reinsurance company in Bermuda and internationally.

SCOR

Market Cap: €5.5b

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

AXA

Market Cap: €83.2b

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

Lancashire Holdings

Market Cap: €1.5b

Provides specialty insurance and reinsurance products in London, Bermuda, and Australia.

Talanx

Market Cap: €26.1b

Provides insurance and reinsurance products and services worldwide.