Global Insurance Potentially Undervalued Companies

Powszechny Zaklad Ubezpieczen

Market Cap: zł52.3b

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

Allianz

Market Cap: €131.1b

Provides property-casualty insurance, life/health insurance, and asset management products and services Internationally.

COFACE

Market Cap: €2.3b

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

Paninvest

Market Cap: €3.4t

Provides banking and multi financing products and services in Indonesia.

Zhibao Technology

Market Cap: US$34.9m

Through its subsidiaries, provides digital insurance brokerage services in China.

Markel Group

Market Cap: €24.3b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

Everest Group

Market Cap: US$13.9b

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

Sompo Holdings

Market Cap: €4.3t

Provides property and casualty insurance services in Japan and internationally.

Slide Insurance Holdings

Market Cap: €1.8b

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

Phoenix Group Holdings

Market Cap: €6.5b

Operates in the long-term savings and retirement business in Europe.

Sompo Holdings

Market Cap: US$4.3t

Provides property and casualty insurance services in Japan and internationally.

Chubb

Market Cap: US$108.5b

Provides insurance and reinsurance products worldwide.

AIA Group

Market Cap: CN¥781.2b

Provides life insurance based financial services in Hong Kong.

People's Insurance Company (Group) of China

Market Cap: US$373.9b

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

Pozavarovalnica Sava d.d

Market Cap: €953.1m

Operates as a reinsurance company worldwide.

Línea Directa Aseguradora Compañía de Seguros y Reaseguros

Market Cap: US$1.4b

Engages in insurance and reinsurance business in Spain and Portugal.

BKI Holdings

Market Cap: ฿31.6b

Engages in the provision of non-life insurance in Thailand.

Trisura Group

Market Cap: €1.9b

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

Marsh & McLennan Companies

Market Cap: US$96.8b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

Hanover Insurance Group

Market Cap: €6.2b

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

Zurich Insurance Group

Market Cap: CHF 79.3b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

AMERISAFE

Market Cap: €823.5m

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

eHealth

Market Cap: US$120.7m

Operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States.

Santam

Market Cap: R46.2b

Provides various general insurance products for individuals and businesses in South Africa, rest of Africa, Southeast Asia, India, the Middle East, and internationally.

Gjensidige Forsikring

Market Cap: NOK 141.2b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Mandatum Oyj

Market Cap: €3.0b

Provides various financial services in Finland.

Türkiye Sigorta

Market Cap: ₺91.6b

Operates as a non-life insurance company in Turkey.

Intact Financial

Market Cap: US$47.5b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

American Financial Group

Market Cap: US$11.6b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Ryan Specialty Holdings

Market Cap: US$13.9b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

Sampo Oyj

Market Cap: €26.2b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

MetLife

Market Cap: €52.4b

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

Talanx

Market Cap: €28.4b

Provides insurance and reinsurance products and services worldwide.

MAPFRE Middlesea

Market Cap: €131.6m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Storebrand

Market Cap: NOK 66.6b

Provides insurance products and services in Norway, Sweden, the United Kingdom, Finland, Denmark, Germany, Luxemburg, and Ireland.

Markel Group

Market Cap: US$24.3b

Through its subsidiaries, engages in the insurance business in the United States and internationally.