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.

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.

Slide Insurance Holdings

Market Cap: US$2.8b

Provides property and casualty insurance services in the United States.

Waterdrop

Market Cap: US$356.4m

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.

China Life Insurance

Market Cap: US$1.1t

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

Pelagos Insurance Capital

Market Cap: US$2.0b

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

Fairfax Financial Holdings

Market Cap: US$45.4b

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.

Hartford Insurance Group

Market Cap: US$37.6b

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

Hamilton Insurance Group

Market Cap: US$3.5b

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

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.

Sompo Holdings

Market Cap: US$6.0t

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

Kingstone Companies

Market Cap: US$290.8m

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

SiriusPoint

Market Cap: US$2.8b

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

Allstate

Market Cap: US$65.8b

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

Donegal Group

Market Cap: US$730.9m

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

MS&AD Insurance Group Holdings

Market Cap: US$7.3t

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

PICC Property and Casualty

Market Cap: US$359.4b

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

Everest Group

Market Cap: US$14.4b

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

Mercury General

Market Cap: US$5.9b

Engages in writing personal automobile insurance in the United States.

BB Seguridade Participações

Market Cap: US$74.0b

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

Prudential Financial

Market Cap: US$42.3b

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

Universal Insurance Holdings

Market Cap: US$1.2b

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

James River Group Holdings

Market Cap: US$190.0m

Provides specialty insurance services.

Arch Capital Group

Market Cap: US$34.4b

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

Ping An Insurance (Group) Company of China

Market Cap: US$946.6b

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

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.

AIA Group

Market Cap: US$766.0b

Provides life insurance based financial services in Hong Kong.

Kemper

Market Cap: US$1.6b

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

American Coastal Insurance

Market Cap: US$435.9m

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

American Integrity Insurance Group

Market Cap: US$512.4m

Operates as an insurance company 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.

Prudential

Market Cap: US$25.9b

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