U.S. Insurance Potentially Undervalued Companies

Slide Insurance Holdings

Market Cap: US$2.4b

Provides property and casualty insurance services in the United States.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$1.1b

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

HCI Group

Market Cap: US$2.3b

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

American Integrity Insurance Group

Market Cap: US$367.1m

Operates as an insurance company in the United States.

Hamilton Insurance Group

Market Cap: US$3.5b

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

Fairfax Financial Holdings

Market Cap: US$52.4b

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$6.2t

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

Pelagos Insurance Capital

Market Cap: US$2.2b

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

Hartford Insurance Group

Market Cap: US$38.9b

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

China Life Insurance

Market Cap: US$1.2t

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

Waterdrop

Market Cap: US$427.6m

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.

SiriusPoint

Market Cap: US$2.9b

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

Allstate

Market Cap: US$64.8b

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

AXIS Capital Holdings

Market Cap: US$8.4b

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

Beazley

Market Cap: US$7.6b

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$35.0b

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

Everest Group

Market Cap: US$14.9b

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

Universal Insurance Holdings

Market Cap: US$1.1b

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

Brighthouse Financial

Market Cap: US$3.7b

Provides annuity and life insurance products in the United States.

Ping An Insurance (Group) Company of China

Market Cap: US$938.6b

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

Mercury General

Market Cap: US$5.9b

Engages in writing personal automobile insurance in the United States.

BB Seguridade Participações

Market Cap: US$80.7b

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

PICC Property and Casualty

Market Cap: US$331.2b

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

Prudential Financial

Market Cap: US$41.2b

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

Prudential

Market Cap: US$27.3b

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

SCOR

Market Cap: US$5.9b

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$487.7m

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$179.5b

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

Prudential

Market Cap: US$26.6b

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

CNA Financial

Market Cap: US$14.2b

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

Sanlam

Market Cap: US$180.6b

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

Lincoln National

Market Cap: US$8.0b

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

ageas

Market Cap: US$13.7b

Engages in insurance business.

Assured Guaranty

Market Cap: US$3.7b

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