Global Insurance Potentially Undervalued Companies

W. R. Berkley

Market Cap: €29.1b

An insurance holding company, operates as a commercial line writer worldwide.

Saga

Market Cap: UK£362.8m

Provides package and cruise holidays, general insurance, and personal finance products and services in the United Kingdom.

ASR Nederland

Market Cap: €11.9b

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

AUB Group

Market Cap: €4.4b

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

Zurich Insurance Group

Market Cap: US$79.5b

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

Assurant

Market Cap: US$11.2b

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

GoHealth

Market Cap: US$66.0m

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

Palomar Holdings

Market Cap: US$3.3b

A specialty insurance company, provides property and casualty insurance to individuals and businesses in the United States.

Mercury General

Market Cap: €4.9b

Engages in writing personal automobile insurance in the United States.

Vienna Insurance Group

Market Cap: Ft6.0b

Engages in providing insurance products and services in Austria and internationally.

Travelers Companies

Market Cap: €63.7b

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.

Everest Group

Market Cap: €13.1b

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

Progressive

Market Cap: US$130.7b

Operates as an insurance company in the United States.

CNO Financial Group

Market Cap: €3.8b

Through its subsidiaries, develops, markets, and administers health insurance, annuity, individual life insurance, insurance products, and financial services for middle-income pre-retiree and retired Americans in the United States.

T&D Holdings

Market Cap: €1.6t

Through its subsidiaries, provides insurance products and services in Japan.

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.

AIA Group

Market Cap: US$827.9b

Provides life insurance based financial services in Hong Kong.

Travelers Companies

Market Cap: US$63.7b

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.

Nippon Souken

Market Cap: JP¥671.7m

Provides insurance brokerage services in Japan.

Charan Insurance

Market Cap: ฿154.8m

Provides non-life insurance products in Thailand.

BKI Holdings

Market Cap: ฿31.6b

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

Prudential

Market Cap: Mex$26.3b

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

Guardian Holdings

Market Cap: JA$3.3b

Guardian Holdings Limited, together with its subsidiaries, underwrites insurance products in Trinidad and Tobago, Jamaica, Barbados, Dutch Caribbean, Martinique, Grenada, curacao, the Netherlands, Aruba, Cayman Islands, Bermuda, Bahamas, and internationally.

Tower

Market Cap: AU$640.6m

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

KGI Financial Holding

Market Cap: NT$291.2b

Engages in the commercial banking, securities, venture capital, and insurance businesses in Taiwan and internationally.

Arthur J. Gallagher

Market Cap: US$63.9b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Zur Shamir Holdings

Market Cap: ₪711.5m

Through its subsidiaries, operates in the insurance, consumer credit, and real estate markets in Israel.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €68.4b

Engages in the insurance and reinsurance businesses worldwide.

Protector Forsikring

Market Cap: NOK 39.1b

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

Kompanija Dunav Osiguranje a.d.o

Market Cap: дин24.9b

Provides various insurance, reinsurance, co-insurance, and other insurance products and services in Serbia.

Greenlight Capital Re

Market Cap: €436.5m

Through its subsidiaries, operates as a property and casualty reinsurance company worldwide.

Grupo Nacional Provincial

Market Cap: Mex$26.8b

Provides various insurance products in Mexico.

Bank for Investment and Development of Vietnam Insurance

Market Cap: ₫4.8t

Engages in non-life insurance, reinsurance, financial investment, and other activities in Vietnam.

Cathay Financial Holding

Market Cap: NT$949.1b

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

New India Assurance

Market Cap: ₹292.8b

Operates as a general insurance company in India and internationally.

Allianz

Market Cap: €137.9b

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