German Insurance Potentially Undervalued Companies

American Integrity Insurance Group

Market Cap: €353.4m

Operates as an insurance company in the United States.

China Life Insurance

Market Cap: €1.1t

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

Prudential

Market Cap: €25.2b

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

Prudential

Market Cap: €25.2b

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

PICC Property and Casualty

Market Cap: €319.0b

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

Reinsurance Group of America

Market Cap: €13.6b

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

ZhongAn Online P & C Insurance

Market Cap: €15.7b

An Internet-based Insurtech company, provides internet insurance and insurance information technology services in the People’s Republic of China.

China Reinsurance (Group)

Market Cap: €48.4b

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.

People's Insurance Company (Group) of China

Market Cap: €338.3b

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

Slide Insurance Holdings

Market Cap: €2.1b

Provides property and casualty insurance services in the United States.

Ategrity Specialty Insurance Company Holdings

Market Cap: €1.1b

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.

Prudential

Market Cap: €25.2b

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

Bangkok Life Assurance

Market Cap: €41.0b

Provides life insurance services in Thailand.

Santam

Market Cap: €42.3b

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

Mapfre

Market Cap: €13.1b

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

Hanover Insurance Group

Market Cap: €7.4b

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

Powszechny Zaklad Ubezpieczen

Market Cap: €56.9b

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

Swiss Re

Market Cap: €37.3b

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

Ping An Insurance (Group) Company of China

Market Cap: €860.9b

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

Mapfre

Market Cap: €13.1b

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

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.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €60.9b

Engages in the insurance and reinsurance businesses worldwide.

AXA

Market Cap: €88.6b

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

Fairfax Financial Holdings

Market Cap: €53.5b

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.

Sabre Insurance Group

Market Cap: €411.4m

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

Hannover Rück

Market Cap: €28.8b

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

Hamilton Insurance Group

Market Cap: €3.2b

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

Lancashire Holdings

Market Cap: €1.6b

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

Thai Life Insurance

Market Cap: €128.2b

Provides life insurance products in Thailand.

Old Mutual

Market Cap: €55.8b

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

Unipol Assicurazioni

Market Cap: €17.3b

Provides insurance products and services primarily in Italy.

SCOR

Market Cap: €5.7b

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

Powszechny Zaklad Ubezpieczen

Market Cap: €56.9b

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

AXA

Market Cap: €88.6b

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