German Insurance Potentially Undervalued Companies

Santam

Market Cap: €41.3b

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

American Integrity Insurance Group

Market Cap: €328.1m

Operates as an insurance company in the United States.

China Life Insurance

Market Cap: €1.0t

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

Talanx

Market Cap: €25.6b

Provides insurance and reinsurance products and services worldwide.

Hannover Rück

Market Cap: €27.8b

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

Prudential

Market Cap: €23.2b

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

Prudential

Market Cap: €23.2b

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

PICC Property and Casualty

Market Cap: €338.8b

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

AXIS Capital Holdings

Market Cap: €7.2b

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

Reinsurance Group of America

Market Cap: €13.3b

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

China Reinsurance (Group)

Market Cap: €52.7b

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

Sanlam

Market Cap: €176.6b

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

People's Insurance Company (Group) of China

Market Cap: €324.3b

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

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.

Ategrity Specialty Insurance Company Holdings

Market Cap: €990.9m

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

Slide Insurance Holdings

Market Cap: €1.9b

Provides property and casualty insurance services in the United States.

Assured Guaranty

Market Cap: €3.4b

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.

Powszechny Zaklad Ubezpieczen

Market Cap: €55.5b

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

AXA

Market Cap: €83.3b

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

Ping An Insurance (Group) Company of China

Market Cap: €935.6b

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

Swiss Re

Market Cap: €35.4b

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

Mapfre

Market Cap: €12.2b

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

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.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €58.4b

Engages in the insurance and reinsurance businesses worldwide.

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.

Prudential

Market Cap: €23.8b

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

Old Mutual

Market Cap: €54.8b

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

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.

Unipol Assicurazioni

Market Cap: €16.6b

Provides insurance products and services primarily in Italy.

Lancashire Holdings

Market Cap: €1.5b

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

Sabre Insurance Group

Market Cap: €390.4m

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

Powszechny Zaklad Ubezpieczen

Market Cap: €55.5b

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