German Insurance Potentially Undervalued Companies

Brighthouse Financial

Market Cap: €3.1b

Provides annuity and life insurance products in the United States.

Prudential

Market Cap: €25.4b

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

Prudential

Market Cap: €25.4b

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

PICC Property and Casualty

Market Cap: €350.1b

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.

China Reinsurance (Group)

Market Cap: €51.4b

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

Sanlam

Market Cap: €180.0b

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

People's Insurance Company (Group) of China

Market Cap: €328.6b

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

HCI Group

Market Cap: €2.3b

Engages in the property and casualty insurance business in the United States.

Assured Guaranty

Market Cap: €3.3b

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

China Life Insurance

Market Cap: €824.2b

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

Bangkok Life Assurance

Market Cap: €42.7b

Provides life insurance services in Thailand.

Santam

Market Cap: €44.4b

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

Prudential

Market Cap: €25.4b

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

American Integrity Insurance Group

Market Cap: €494.9m

Operates as an insurance company in the United States.

Mapfre

Market Cap: €13.4b

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

Hanover Insurance Group

Market Cap: €7.7b

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

Mapfre

Market Cap: €13.4b

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

Swiss Re

Market Cap: €41.2b

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

Powszechny Zaklad Ubezpieczen

Market Cap: €62.0b

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

China Life Insurance

Market Cap: €1.1t

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

Trisura Group

Market Cap: €2.0b

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

AMERISAFE

Market Cap: €485.0m

An insurance holding company, underwrites workers’ compensation insurance in the United States.

AXA

Market Cap: €89.0b

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

Ping An Insurance (Group) Company of China

Market Cap: €902.4b

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

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €64.7b

Engages in the insurance and reinsurance businesses worldwide.

UNIQA Insurance Group

Market Cap: €5.5b

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

Hiscox

Market Cap: €5.7b

Through its subsidiaries, provides insurance and reinsurance services in the United Kingdom, Europe, the United States, and internationally.

Sabre Insurance Group

Market Cap: €425.4m

Through its subsidiaries, writes general insurance for motor vehicles in the United Kingdom.

AXA

Market Cap: €89.0b

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

Talanx

Market Cap: €30.4b

Provides insurance and reinsurance products and services worldwide.

Old Mutual

Market Cap: €54.2b

Provides financial solutions to retail and corporate customers in South Africa and rest of Africa.

Lancashire Holdings

Market Cap: €1.4b

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

Thai Life Insurance

Market Cap: €130.5b

Provides life insurance products in Thailand.

Fairfax Financial Holdings

Market Cap: €45.8b

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.

Hannover Rück

Market Cap: €30.3b

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