Global Insurance Potentially Undervalued Companies

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: Ft67.4b

Engages in the insurance and reinsurance businesses worldwide.

eHealth

Market Cap: €117.6m

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

Conduit Holdings

Market Cap: UK£469.5m

Through its subsidiary, provides reinsurance products and services worldwide.

Charan Insurance

Market Cap: ฿168.0m

Provides non-life insurance products in Thailand.

Swiss Re

Market Cap: US$41.7b

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

Talanx

Market Cap: €28.9b

Provides insurance and reinsurance products and services worldwide.

IRB-Brasil Resseguros

Market Cap: R$3.9b

Engages in the provision of reinsurance solutions in Brazil and internationally.

Wiz Co Participações e Corretagem de Seguros

Market Cap: R$1.4b

Wiz Co Participações e Corretagem de Seguros S.A.

Momentum Group

Market Cap: R43.1b

Provides insurance and financial services in South Africa and internationally.

Insurance Australia Group

Market Cap: US$19.7b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Sun Life Financial

Market Cap: CA$45.6b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Central Reinsurance

Market Cap: NT$19.0b

Provides various property and life inward and outward reinsurance services in Taiwan and internationally.

China Life Insurance

Market Cap: Mex$828.0b

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

Fairfax Financial Holdings

Market Cap: Mex$24.7b

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.

Old Mutual

Market Cap: US$54.0b

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

NN Group

Market Cap: CHF 15.4b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

COFACE

Market Cap: US$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.

Qatar Islamic Insurance Group Q.P.S.C

Market Cap: ر.ق1.3b

Provides a range of insurance products and services in Qatar.

Union Insurance

Market Cap: ৳1.6b

Provides general insurance products and services in Bangladesh.

General Insurance Corporation of India

Market Cap: ₹639.3b

Provides reinsurance services in India and internationally.

Manulife Financial

Market Cap: ₱72.4b

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

AUB Group

Market Cap: AU$3.8b

Engages in the insurance broking and underwriting agency businesses in Australia, the United States, the United Kingdom, Rest of Europe, New Zealand, and internationally.

Mandatum Oyj

Market Cap: €2.9b

Provides various financial services in Finland.

SiriusPoint

Market Cap: €2.1b

Provides multi-line reinsurance and insurance products and services worldwide.

AUB Group

Market Cap: €3.8b

Engages in the insurance broking and underwriting agency businesses in Australia, the United States, the United Kingdom, Rest of Europe, New Zealand, and internationally.

Travelers Companies

Market Cap: €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.

Prudential

Market Cap: HK$26.0b

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

Mercury General

Market Cap: €4.3b

Engages in writing personal automobile insurance in the United States.

Assurant

Market Cap: US$10.6b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Assurances Maghrebia Vie

Market Cap: د.ت155.8m

Provides life insurance and financial protection products and services for individuals, professionals, and businesses.

GoHealth

Market Cap: US$137.3m

Operates as a health insurance marketplace and Medicare-focused digital health company in the United States.

ASR Nederland

Market Cap: €11.9b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Trisura Group

Market Cap: CA$1.9b

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

HCI Group

Market Cap: US$2.3b

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

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €67.4b

Engages in the insurance and reinsurance businesses worldwide.

Insurance Australia Group

Market Cap: US$19.7b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.