U.S. Insurance Potentially Undervalued Companies

Slide Insurance Holdings

Market Cap: US$2.3b

Offers property and casualty insurance services in the United States.

Globe Life

Market Cap: US$11.2b

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

AXIS Capital Holdings

Market Cap: US$7.6b

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

American Integrity Insurance Group

Market Cap: US$381.8m

Operates as an insurance company in the United States.

Lincoln National

Market Cap: US$6.5b

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

AXA

Market Cap: US$75.1b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Hamilton Insurance Group

Market Cap: US$2.8b

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

Sompo Holdings

Market Cap: US$5.2t

Provides property and casualty insurance services in Japan 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$629.3m

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.

Fidelis Insurance Holdings

Market Cap: US$1.6b

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

Fairfax Financial Holdings

Market Cap: US$47.5b

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.

Aegon

Market Cap: US$9.1b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Reinsurance Group of America

Market Cap: US$13.6b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

SiriusPoint

Market Cap: US$2.4b

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

MS&AD Insurance Group Holdings

Market Cap: US$5.9t

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

Hanover Insurance Group

Market Cap: US$6.2b

Through its subsidiaries, provides various property and casualty insurance products and services for individuals and businesses in the United States.

Allstate

Market Cap: US$55.1b

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

Aegon

Market Cap: US$9.1b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

James River Group Holdings

Market Cap: US$297.4m

Provides specialty insurance services.

Universal Insurance Holdings

Market Cap: US$985.3m

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

Prudential Financial

Market Cap: US$33.8b

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

Arch Capital Group

Market Cap: US$34.5b

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

Everest Group

Market Cap: US$13.5b

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

Ping An Insurance (Group) Company of China

Market Cap: US$1.1t

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

BB Seguridade Participações

Market Cap: US$66.4b

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

PICC Property and Casualty

Market Cap: US$339.9b

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

Brighthouse Financial

Market Cap: US$3.4b

Provides annuity and life insurance products in the United States.

AXA

Market Cap: US$75.1b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Sanlam

Market Cap: US$200.8b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Bowhead Specialty Holdings

Market Cap: US$780.6m

Provides commercial specialty property and casualty insurance products in the United States.

SCOR

Market Cap: US$5.2b

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

HCI Group

Market Cap: US$2.2b

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

Prudential

Market Cap: US$26.8b

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

Sanlam

Market Cap: US$193.6b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

QBE Insurance Group

Market Cap: US$31.0b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.