Global Insurance Potentially Undervalued Companies

AXA

Market Cap: €79.4b

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

China Life Insurance

Market Cap: €1.2t

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

ASR Nederland

Market Cap: €12.0b

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

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: US$69.8b

Engages in the insurance and reinsurance businesses worldwide.

Fairfax Financial Holdings

Market Cap: CA$53.7b

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.

Bangkok Life Assurance

Market Cap: €32.3b

Provides life insurance services in Thailand.

Waterdrop

Market Cap: US$651.0m

Through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People’s Republic of China.

People's Insurance Company (Group) of China

Market Cap: HK$399.3b

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

T&D Holdings

Market Cap: JP¥1.7t

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

TQM Alpha

Market Cap: ฿6.9b

Engages in the insurance brokerage business in Thailand.

People's Insurance Company (Group) of China

Market Cap: CN¥399.3b

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

Ping An Insurance (Group) Company of China

Market Cap: HK$1.0t

Ping An Insurance (Group) Company of China, Ltd.

TQM Alpha

Market Cap: ฿6.9b

Engages in the insurance brokerage business in Thailand.

Lincoln National

Market Cap: US$7.9b

Through its subsidiaries, operates multiple insurance and retirement businesses in the United States.

AXIS Capital Holdings

Market Cap: US$7.9b

Through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally.

Allianz Malaysia Berhad

Market Cap: RM 3.4b

An investment holding company, engages in general and life insurance business in Malaysia.

Bangkok Life Assurance

Market Cap: ฿32.3b

Provides life insurance services in Thailand.

Japan Post Insurance

Market Cap: JP¥1.6t

Provides life insurance products and services in Japan.

PICC Property and Casualty

Market Cap: HK$392.8b

Engages in property and casualty insurance business in People’s Republic of China.

Sunshine Insurance Group

Market Cap: HK$41.6b

Provides various insurance products and related services in the People’s Republic of China.

MS&AD Insurance Group Holdings

Market Cap: JP¥5.2t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

Fubon Financial Holding

Market Cap: NT$1.3t

Provides various financial services in Taiwan, Asia, and internationally.

QBE Insurance Group

Market Cap: AU$29.1b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

PICC Property and Casualty

Market Cap: HK$392.8b

Engages in property and casualty insurance business in People’s Republic of China.

Vienna Insurance Group

Market Cap: €6.3b

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

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.

Swiss Re

Market Cap: €41.7b

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

Mapfre

Market Cap: €12.3b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Principal Financial Group

Market Cap: US$18.6b

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

Sabre Insurance Group

Market Cap: UK£315.6m

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

Prudential

Market Cap: UK£27.8b

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

Vienna Insurance Group

Market Cap: €6.3b

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

Helios Underwriting

Market Cap: UK£150.4m

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

Sabre Insurance Group

Market Cap: €315.6m

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

Talanx

Market Cap: €28.9b

Provides insurance and reinsurance products and services worldwide.

Hamilton Insurance Group

Market Cap: €2.7b

Through its subsidiaries, operates as specialty insurance and reinsurance company in Bermuda and internationally.