Global Insurance Potentially Undervalued Companies

Fidelity National Financial

Market Cap: €15.1b

Provides various insurance products in the United States.

MetLife

Market Cap: €52.0b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

TQM Alpha

Market Cap: ฿8.9b

Engages in the insurance brokerage business in Thailand.

MS&AD Insurance Group Holdings

Market Cap: US$4.7t

An insurance holding company, provides insurance and financial services worldwide.

Fidelity National Financial

Market Cap: US$15.1b

Provides various insurance products in the United States.

MetLife

Market Cap: US$52.0b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

MS&AD Insurance Group Holdings

Market Cap: JP¥4.7t

An insurance holding company, provides insurance and financial services worldwide.

Arch Capital Group

Market Cap: €32.7b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Arch Capital Group

Market Cap: US$32.7b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

AIA Group

Market Cap: US$726.0b

Provides life insurance based financial services in Hong Kong.

MetLife

Market Cap: US$51.2b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Unum Group

Market Cap: €14.0b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

BB Seguridade Participações

Market Cap: R$65.4b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

HCI Group

Market Cap: €1.6b

Engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in the United States.

MS&AD Insurance Group Holdings

Market Cap: €4.7t

An insurance holding company, provides insurance and financial services worldwide.

Unum Group

Market Cap: US$13.9b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

AIA Group

Market Cap: €726.0b

Provides life insurance based financial services in Hong Kong.

Unum Group

Market Cap: US$14.0b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

China Life Insurance

Market Cap: €824.2b

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

Swiss Re

Market Cap: CHF 28.1b

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

China Pacific Insurance (Group)

Market Cap: HK$323.6b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

China Pacific Insurance (Group)

Market Cap: CN¥323.6b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

NobleOak Life

Market Cap: AU$129.9m

Engages in underwriting life insurance products in Australia.

Sunshine Insurance Group

Market Cap: HK$42.9b

Provides various insurance products and related services in the People’s Republic of China.

MNRB Holdings Berhad

Market Cap: RM 1.4b

An investment holding company, engages in the general reinsurance, takaful, and retakaful businesses in Malaysia and internationally.

China Pacific Insurance (Group)

Market Cap: CN¥323.6b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

AXA

Market Cap: €90.3b

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

UNIQA Insurance Group

Market Cap: €3.6b

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

China Life Insurance

Market Cap: US$1.1t

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

Fidelis Insurance Holdings

Market Cap: US$1.7b

Provides insurance and reinsurance solutions in Bermuda, the Republic of Ireland, and the United Kingdom.

Old Mutual

Market Cap: UK£53.9b

Provides financial services primarily in South Africa and rest of Africa.

Prudential

Market Cap: UK£23.5b

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

Beazley

Market Cap: €5.5b

Provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally.

Powszechny Zaklad Ubezpieczen

Market Cap: €53.3b

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

Slide Insurance Holdings

Market Cap: US$2.3b

Engages in underwriting single family and condominium policies in the property and casualty industry in the United States.

Fairfax Financial Holdings

Market Cap: US$52.4b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.