Global Insurance Potentially Undervalued Companies

Japan Post Holdings

Market Cap: €4.3t

Provides postal, banking, and insurance services in Japan.

Principal Financial Group

Market Cap: US$18.0b

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

NÜRNBERGER Beteiligungs-AG

Market Cap: €744.2m

Operates as an insurance company in Germany.

Société Tunisienne de Réassurance

Market Cap: د.ت175.6m

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

Assicurazioni Generali

Market Cap: €49.5b

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

Steadfast Group

Market Cap: €6.6b

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

Storebrand

Market Cap: NOK 66.1b

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

Talanx

Market Cap: €28.9b

Provides insurance and reinsurance products and services worldwide.

Cheche Group

Market Cap: US$124.6m

Provides auto insurance transaction services.

Helios Underwriting

Market Cap: UK£147.4m

Provides a limited liability investment for its shareholders in the Lloyd’s insurance market in the United Kingdom.

Gjensidige Forsikring

Market Cap: NOK 137.7b

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

Travelers Companies

Market Cap: AR$61.9b

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.

Sampo Oyj

Market Cap: DKK 25.9b

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.

Delta Insurance

Market Cap: ج.م1.4b

Engages in the insurance business in Egypt.

MS&AD Insurance Group Holdings

Market Cap: €5.4t

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

Wüstenrot & Württembergische

Market Cap: CHF 1.1b

Provides insurance products and services in Germany.

Storebrand

Market Cap: NOK 41.4b

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

AXA

Market Cap: Mex$82.5b

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

AIA Group

Market Cap: US$781.2b

Provides life insurance based financial services in Hong Kong.

Great-West Lifeco

Market Cap: CA$49.3b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

General Insurance Corporation of India

Market Cap: ₹639.3b

Provides reinsurance services in India and internationally.

Steadfast Group

Market Cap: AU$6.6b

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

AgeSA Hayat ve Emeklilik Anonim Sirketi

Market Cap: ₺30.1b

Engages in the pension and life insurance business primarily in Turkey.

Selective Insurance Group

Market Cap: €4.7b

Provides insurance products and services in the United States.

TWFG

Market Cap: US$1.4b

Operates an independent distribution platform for personal and commercial insurance products in the United States.

Principal Financial Group

Market Cap: €18.0b

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

Medibank Private

Market Cap: AU$13.2b

Provides private health insurance and health services in Australia.

Mercury General

Market Cap: US$4.3b

Engages in writing personal automobile insurance in the United States.

Wüstenrot & Württembergische

Market Cap: €1.3b

Provides insurance products and services in Germany.

Everest Group

Market Cap: US$14.0b

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

Allianz

Market Cap: €132.1b

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

Interlife General Insurance

Market Cap: €91.6m

Operates as a general insurance company for individual and business in Greece.

Allianz

Market Cap: €132.1b

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

Tryg

Market Cap: DKK 98.7b

Provides insurance products and services for private and corporate customers, and small and medium-sized businesses in Denmark, Sweden, the United Kingdom, and Norway.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$990.7m

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

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: Ft67.4b

Engages in the insurance and reinsurance businesses worldwide.