U.S. Insurance Potentially Undervalued Companies

AXIS Capital Holdings

Market Cap: US$7.2b

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

Brighthouse Financial

Market Cap: US$3.0b

Provides annuity and life insurance products in the United States.

HCI Group

Market Cap: US$2.3b

Engages in the property and casualty insurance business in the United States.

Assured Guaranty

Market Cap: US$3.3b

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

Pelagos Insurance Capital

Market Cap: US$2.0b

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

China Life Insurance

Market Cap: US$1.1t

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

Slide Insurance Holdings

Market Cap: US$2.7b

Provides property and casualty insurance services in the United States.

Kingstone Companies

Market Cap: US$287.1m

Through its subsidiary, Kingstone Insurance Company, provides property and casualty insurance products in the United States.

Sompo Holdings

Market Cap: US$6.0t

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

Hamilton Insurance Group

Market Cap: US$3.4b

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

Hartford Insurance Group

Market Cap: US$36.9b

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

Waterdrop

Market Cap: US$359.3m

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.

Fairfax Financial Holdings

Market Cap: US$44.8b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally.

Globe Life

Market Cap: US$13.1b

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

Trisura Group

Market Cap: US$1.9b

A specialty insurance company, operates in the surety, warranty, corporate insurance, and program and fronting businesses in Canada and the United States.

SiriusPoint

Market Cap: US$2.7b

Provides multi-line reinsurance and insurance products and services worldwide.

MS&AD Insurance Group Holdings

Market Cap: US$7.1t

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

Allstate

Market Cap: US$64.2b

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

Donegal Group

Market Cap: US$726.6m

An insurance holding company, provides commercial and personal lines of property and casualty coverages.

Arch Capital Group

Market Cap: US$33.8b

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

Everest Group

Market Cap: US$14.2b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

PICC Property and Casualty

Market Cap: US$361.4b

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

Mercury General

Market Cap: US$5.9b

Engages in writing personal automobile insurance in the United States.

James River Group Holdings

Market Cap: US$187.3m

Provides specialty insurance services.

BB Seguridade Participações

Market Cap: US$72.2b

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

Ping An Insurance (Group) Company of China

Market Cap: US$947.1b

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

Universal Insurance Holdings

Market Cap: US$1.2b

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

Prudential Financial

Market Cap: US$41.8b

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

AIA Group

Market Cap: US$768.6b

Provides life insurance based financial services in Hong Kong.

SCOR

Market Cap: US$6.0b

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

American Integrity Insurance Group

Market Cap: US$496.7m

Operates as an insurance company in the United States.

Prudential

Market Cap: US$25.9b

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

New China Life Insurance

Market Cap: US$166.3b

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

Kemper

Market Cap: US$1.6b

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

American Coastal Insurance

Market Cap: US$428.4m

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

Donegal Group

Market Cap: US$726.6m

An insurance holding company, provides commercial and personal lines of property and casualty coverages.