Global Insurance Potentially Undervalued Companies

AMERISAFE

Market Cap: €823.5m

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

Sabre Insurance Group

Market Cap: US$341.5m

Through its subsidiaries, engages in writing of general insurance for motor vehicles in the United Kingdom.

Sagicor Financial

Market Cap: US$1.2b

Provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States.

nib holdings

Market Cap: €3.7b

Engages in the underwriting and distribution of private health, life, and living insurance to residents, international students, and visitors in Australia and New Zealand.

Assicurazioni Generali

Market Cap: €49.6b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

Aplus Asset Advisor

Market Cap: ₩163.5b

Provides life and non-life insurance products.

Storebrand

Market Cap: NOK 66.6b

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

Türkiye Sigorta

Market Cap: ₺91.6b

Operates as a non-life insurance company in Turkey.

Prudential

Market Cap: HK$26.0b

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

Old Mutual

Market Cap: R59.8b

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

Petrolimex Insurance

Market Cap: ₫2.3t

Provides various insurance products in Vietnam.

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.

Allianz

Market Cap: €131.1b

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

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.

Talanx

Market Cap: €28.4b

Provides insurance and reinsurance products and services worldwide.

American Financial Group

Market Cap: US$6.1b

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

Suncorp Group

Market Cap: AU$13.4b

Provides insurance and banking products and services to retail, corporate, and commercial customers in Australia and New Zealand.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €46.4b

Engages in the insurance and reinsurance businesses worldwide.

Manulife Financial

Market Cap: Mex$73.3b

Provides financial products and services in the United States, Canada, Asia, and internationally.

Fidelity National Financial

Market Cap: US$15.9b

Provides various insurance products in the United States.

Travelers Companies

Market Cap: AR$61.2b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

Protector Forsikring

Market Cap: US$39.8b

Operates as a non-life insurance company, provides direct general insurance and reinsurance to the commercial lines of business, public sector, and affinity schemes.

Donegal Group

Market Cap: US$681.5m

An insurance holding company, provides commercial and personal lines of property and casualty coverages.

Principal Financial Group

Market Cap: US$17.8b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Cheche Group

Market Cap: US$125.5m

Provides auto insurance transaction services.

Aspen Insurance Holdings

Market Cap: US$3.4b

Engages in the insurance and reinsurance businesses in Australia, Asia, the United Kingdom, Ireland, rest of Europe, the United States, Canada, and internationally.

Thai Life Insurance

Market Cap: €122.5b

Provides life insurance products and services in Thailand.

MetLife

Market Cap: €52.4b

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

Delta Insurance

Market Cap: ج.م1.4b

Engages in the insurance business in Egypt.

Société Tunisienne de Réassurance

Market Cap: د.ت176.6m

Operates as a reinsurance company in Tunisia, Maghreb, Arab countries, Africa, Europe, Asia, and internationally.

Baloise Holding

Market Cap: CHF 9.0b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

Talanx

Market Cap: €28.4b

Provides insurance and reinsurance products and services worldwide.

Steadfast Group

Market Cap: €6.7b

Provides general insurance brokerage services Australasia, Asia, and Europe.

Storebrand

Market Cap: NOK 66.6b

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

Japan Post Holdings

Market Cap: €4.4t

Provides postal, banking, and insurance services in Japan.

Tower

Market Cap: AU$602.9m

Provides general insurance products in New Zealand and the Pacific Islands.