Global Insurance Potentially Undervalued Companies

Assured Guaranty

Market Cap: US$3.9b

Provides credit protection products to public finance and structured finance markets in the United States and internationally.

MS&AD Insurance Group Holdings

Market Cap: US$5.4t

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

ageas

Market Cap: €11.0b

Engages in insurance business.

ageas

Market Cap: US$11.0b

Engages in insurance business.

UNIQA Insurance Group

Market Cap: €3.8b

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

Tokio Marine Holdings

Market Cap: US$12.5t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

RenaissanceRe Holdings

Market Cap: US$11.5b

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

ageas

Market Cap: €11.0b

Engages in insurance business.

Syarikat Takaful Malaysia Keluarga Berhad

Market Cap: RM 2.7b

Manages family and general takaful businesses in Malaysia and Indonesia.

QBE Insurance Group

Market Cap: US$31.1b

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

Manulife Financial

Market Cap: CA$75.5b

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

Allstate

Market Cap: US$51.7b

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

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.

AXA

Market Cap: CHF 72.6b

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

People's Insurance Company (Group) of China

Market Cap: HK$372.2b

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: ฿978.8b

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

China Taiping Insurance Holdings

Market Cap: HK$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.

China Pacific Insurance (Group)

Market Cap: HK$328.0b

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

China Taiping Insurance Holdings

Market Cap: HK$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.

Cathay Financial Holding

Market Cap: US$969.6b

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

SCOR

Market Cap: €5.0b

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

MS&AD Insurance Group Holdings

Market Cap: €5.4t

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

Phoenix Group Holdings

Market Cap: UK£6.4b

Operates in the long-term savings and retirement business in Europe.

Sunshine Insurance Group

Market Cap: €43.7b

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

Travelers Companies

Market Cap: US$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.

AXA

Market Cap: €82.8b

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

Wüstenrot & Württembergische

Market Cap: €1.3b

Provides insurance products and services in Germany.

SCOR

Market Cap: CHF 5.0b

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

ageas

Market Cap: €11.0b

Engages in insurance business.

Arch Capital Group

Market Cap: €33.4b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

New China Life Insurance

Market Cap: €169.6b

Provides life insurance products and services to individuals and institutions in China.

AXA

Market Cap: US$82.8b

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

Grupo Catalana Occidente

Market Cap: €5.7b

Provides insurance products and services in Spain, the European Union, and internationally.

American Coastal Insurance

Market Cap: €531.1m

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

Hiscox

Market Cap: €4.4b

Through its subsidiaries, provides insurance and reinsurance services worldwide.