U.S. Insurance Potentially Undervalued Companies

Fidelity National Financial

Market Cap: US$14.7b

Provides various insurance products in the United States.

Kemper

Market Cap: US$4.0b

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

AIA Group

Market Cap: US$687.8b

Provides life insurance based financial services in Hong Kong.

Sabre Insurance Group

Market Cap: US$319.0m

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

Fidelis Insurance Holdings

Market Cap: US$1.9b

Provides insurance and reinsurance solutions in Bermuda, the Republic of Ireland, and the United Kingdom.

Fairfax Financial Holdings

Market Cap: US$50.0b

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.

Hamilton Insurance Group

Market Cap: US$2.1b

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

Globe Life

Market Cap: US$9.9b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Hartford Insurance Group

Market Cap: US$36.7b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Markel Group

Market Cap: US$24.1b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

Sompo Holdings

Market Cap: US$4.1t

Provides property and casualty (P&C) insurance services in Japan and internationally.

China Life Insurance

Market Cap: US$994.9b

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

Hiscox

Market Cap: US$4.2b

Through its subsidiaries, provides insurance and reinsurance services worldwide.

AXIS Capital Holdings

Market Cap: US$8.0b

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

AIA Group

Market Cap: US$687.8b

Provides life insurance based financial services in Hong Kong.

Allstate

Market Cap: US$54.3b

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

Great-West Lifeco

Market Cap: US$48.7b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Hanover Insurance Group

Market Cap: US$6.2b

Through its subsidiaries, provides various property and casualty insurance products and services in the United States.

MS&AD Insurance Group Holdings

Market Cap: US$5.2t

An insurance holding company, provides insurance and financial services worldwide.

Universal Insurance Holdings

Market Cap: US$746.1m

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

AXA

Market Cap: US$90.2b

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

BB Seguridade Participações

Market Cap: US$74.1b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Brighthouse Financial

Market Cap: US$3.4b

Provides annuity and life insurance products in the United States.

Allianz

Market Cap: US$133.5b

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

Power Corporation of Canada

Market Cap: US$33.1b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Arch Capital Group

Market Cap: US$34.7b

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

PICC Property and Casualty

Market Cap: US$334.1b

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

Ping An Insurance (Group) Company of China

Market Cap: US$887.3b

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

Old Republic International

Market Cap: US$9.1b

Through its subsidiaries, provides insurance underwriting and related services primarily in the United States and Canada.

American Coastal Insurance

Market Cap: US$520.3m

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

Tokio Marine Holdings

Market Cap: US$11.8t

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

Prudential

Market Cap: US$21.9b

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

Allianz

Market Cap: US$133.5b

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

MetLife

Market Cap: US$52.4b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

SCOR

Market Cap: US$5.1b

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

Dai-ichi Life Holdings

Market Cap: US$4.1t

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