U.S. Insurance Potentially Undervalued Companies

AXIS Capital Holdings

Market Cap: US$7.3b

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

HCI Group

Market Cap: US$2.3b

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

Slide Insurance Holdings

Market Cap: US$2.5b

Provides property and casualty insurance services in the United States.

China Life Insurance

Market Cap: US$1.1t

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

Sompo Holdings

Market Cap: US$6.2t

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

Fairfax Financial Holdings

Market Cap: US$46.1b

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.

Hamilton Insurance Group

Market Cap: US$3.5b

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

Pelagos Insurance Capital

Market Cap: US$1.9b

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

Hartford Insurance Group

Market Cap: US$37.3b

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

PICC Property and Casualty

Market Cap: US$340.5b

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

Allstate

Market Cap: US$65.9b

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

Donegal Group

Market Cap: US$728.0m

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

SiriusPoint

Market Cap: US$2.7b

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

PICC Property and Casualty

Market Cap: US$341.2b

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

BB Seguridade Participações

Market Cap: US$72.2b

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

Everest Group

Market Cap: US$14.0b

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

Arch Capital Group

Market Cap: US$33.3b

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

Ategrity Specialty Insurance Company Holdings

Market Cap: US$1.2b

Through its subsidiaries, provides excess and surplus lines insurance and reinsurance products to small and medium-sized businesses in the United States.

Universal Insurance Holdings

Market Cap: US$1.2b

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

Ping An Insurance (Group) Company of China

Market Cap: US$901.2b

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

Prudential Financial

Market Cap: US$43.1b

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

Mercury General

Market Cap: US$5.8b

Engages in writing personal automobile insurance in the United States.

American Coastal Insurance

Market Cap: US$455.5m

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

New China Life Insurance

Market Cap: US$160.9b

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

Prudential

Market Cap: US$25.5b

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

American Integrity Insurance Group

Market Cap: US$470.2m

Operates as an insurance company in the United States.

Kemper

Market Cap: US$1.6b

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

Prudential

Market Cap: US$25.3b

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

RenaissanceRe Holdings

Market Cap: US$13.3b

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

ageas

Market Cap: US$14.0b

Engages in insurance business.

Sanlam

Market Cap: US$181.5b

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

Donegal Group

Market Cap: US$728.0m

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

CNA Financial

Market Cap: US$13.8b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Assured Guaranty

Market Cap: US$3.3b

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

Lincoln National

Market Cap: US$8.7b

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