U.S. Insurance Potentially Undervalued Companies

American Integrity Insurance Group

Market Cap: US$374.4m

Operates as an insurance company in the United States.

HCI Group

Market Cap: US$2.2b

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

Pelagos Insurance Capital

Market Cap: US$2.2b

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

China Life Insurance

Market Cap: US$1.2t

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

Hartford Insurance Group

Market Cap: US$38.0b

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

Fairfax Financial Holdings

Market Cap: US$54.7b

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.

Sompo Holdings

Market Cap: US$6.5t

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

Slide Insurance Holdings

Market Cap: US$2.5b

Provides property and casualty insurance services in the United States.

Waterdrop

Market Cap: US$413.2m

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.

Hamilton Insurance Group

Market Cap: US$3.6b

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

Allstate

Market Cap: US$67.3b

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

AXIS Capital Holdings

Market Cap: US$8.6b

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

SiriusPoint

Market Cap: US$3.0b

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

Beazley

Market Cap: US$7.7b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

Arch Capital Group

Market Cap: US$36.1b

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

Universal Insurance Holdings

Market Cap: US$1.2b

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

Everest Group

Market Cap: US$15.4b

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

BB Seguridade Participações

Market Cap: US$78.7b

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

Brighthouse Financial

Market Cap: US$3.6b

Provides annuity and life insurance products in the United States.

Ping An Insurance (Group) Company of China

Market Cap: US$944.9b

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

PICC Property and Casualty

Market Cap: US$360.8b

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

New China Life Insurance

Market Cap: US$173.5b

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

Prudential

Market Cap: US$26.8b

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

SCOR

Market Cap: US$6.1b

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

American Coastal Insurance

Market Cap: US$498.2m

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

Prudential

Market Cap: US$27.1b

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

Lincoln National

Market Cap: US$7.9b

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

Sanlam

Market Cap: US$179.9b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

RenaissanceRe Holdings

Market Cap: US$13.7b

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

International General Insurance Holdings

Market Cap: US$1.2b

International General Insurance Holdings Ltd.

ageas

Market Cap: US$13.7b

Engages in insurance business.

People's Insurance Company (Group) of China

Market Cap: US$350.9b

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

Ping An Insurance (Group) Company of China

Market Cap: US$933.7b

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

Heritage Insurance Holdings

Market Cap: US$842.0m

Through its subsidiaries, provides personal and commercial residential insurance products.

Mapfre

Market Cap: US$13.4b

Engages in insurance, reinsurance, and financial activities in Spain.

Globe Life

Market Cap: US$13.5b

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