Global Insurance Potentially Undervalued Companies

American Coastal Insurance

Market Cap: US$531.1m

Through its subsidiaries, primarily engages in the commercial and personal property and casualty insurance business in the United States.

AXA

Market Cap: €82.8b

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

China Taiping Insurance Holdings

Market Cap: €56.1b

An investment holding company, underwrites various insurance and reinsurance products in the People’s Republic of China, Hong Kong, Macau, Singapore, and internationally.

Aegon

Market Cap: €10.3b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

UNIQA Insurance Group

Market Cap: €3.8b

Operates as an insurance company in Austria and Central and Eastern Europe.

Old Mutual

Market Cap: UK£59.2b

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

Kemper

Market Cap: US$3.3b

An insurance holding company, provides insurance products in the United States.

Vienna Insurance Group

Market Cap: €5.6b

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

Ping An Insurance (Group) Company of China

Market Cap: €978.4b

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

Unipol Assicurazioni

Market Cap: €12.4b

Provides insurance products and services primarily in Italy.

SCOR

Market Cap: US$5.0b

Provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and the Asia Pacific.

Universal Insurance Holdings

Market Cap: €707.1m

Operates as an integrated insurance holding company in the United States.

Hannover Rück

Market Cap: €29.1b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: CHF 64.9b

Engages in the insurance and reinsurance businesses worldwide.

DB Insurance

Market Cap: ₩8.6t

Provides various insurance products and services in South Korea.

Hyundai Marine & Fire Insurance

Market Cap: ₩2.2t

Hyundai Marine & Fire Insurance Co., Ltd.

Ping An Insurance (Group) Company of China

Market Cap: HK$978.8b

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

People's Insurance Company (Group) of China

Market Cap: CN¥372.2b

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

China Life Insurance

Market Cap: CN¥1.0t

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

RenaissanceRe Holdings

Market Cap: €11.5b

Provides reinsurance and insurance products in the United States and internationally.

Lincoln National

Market Cap: US$7.8b

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

Allstate

Market Cap: €51.9b

Provides property and casualty, and other insurance products in the United States and Canada.

Travelers Companies

Market Cap: €62.2b

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.

Lancashire Holdings

Market Cap: UK£1.5b

Provides specialty insurance and reinsurance products in London, Bermuda, and Australia.

Mapfre

Market Cap: €11.7b

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

Aegon

Market Cap: €10.3b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

China Pacific Insurance (Group)

Market Cap: €327.9b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

China Pacific Insurance (Group)

Market Cap: €327.9b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Sanlam

Market Cap: US$177.9b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Sanlam

Market Cap: €177.9b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

AXA

Market Cap: €82.8b

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

Sanlam

Market Cap: €177.9b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

International General Insurance Holdings

Market Cap: US$1.0b

International General Insurance Holdings Ltd.

People's Insurance Company (Group) of China

Market Cap: €372.5b

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

ageas

Market Cap: €11.0b

Engages in insurance business.

NN Group

Market Cap: US$15.2b

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