Global Insurance Undervalued based on future growth

Fidelity National Financial

Market Cap: US$15.5b

Provides various insurance products in the United States.

Everest Group

Market Cap: US$13.9b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Reinsurance Group of America

Market Cap: US$12.6b

Provides reinsurance and financial solutions.

CNA Financial

Market Cap: US$11.9b

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

China Taiping Insurance Holdings

Market Cap: HK$62.9b

An investment holding company, underwrites various insurance and reinsurance products in the People’s Republic of China, Hong Kong, Macau, Singapore, and internationally.

DB Insurance

Market Cap: ₩7.7t

Provides various insurance products and services in South Korea.

Mercury General

Market Cap: US$3.9b

Engages in writing personal automobile insurance in the United States.

Oscar Health

Market Cap: US$3.6b

Operates as a healthcare technology company in the United States.

Hagerty

Market Cap: US$3.4b

Provides insurance services for collector cars and enthusiast vehicles in the United States.

Brighthouse Financial

Market Cap: US$2.7b

Provides annuity and life insurance products in the United States.

Slide Insurance Holdings

Market Cap: US$2.4b

Engages in underwriting single family and condominium policies in the property and casualty industry in the United States.

SiriusPoint

Market Cap: US$2.3b

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

Hamilton Insurance Group

Market Cap: US$2.2b

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

Hanwha Life Insurance

Market Cap: ₩2.6t

Provides insurance products to individual and corporate customers in South Korea and internationally.

Stewart Information Services

Market Cap: US$1.8b

Through its subsidiaries, provides title insurance and real estate transaction related services in the United States and internationally.

HCI Group

Market Cap: US$1.6b

Engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in the United States.

Hyundai Marine & Fire Insurance

Market Cap: ₩2.1t

Hyundai Marine & Fire Insurance Co., Ltd.

Trisura Group

Market Cap: CA$2.0b

A specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada, the United States, and internationally.

Tong Yang Life Insurance

Market Cap: ₩1.3t

Engages in the life insurance business in South Korea.

Ategrity Specialty Insurance Company Holdings

Market Cap: US$928.2m

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

Sagicor Financial

Market Cap: CA$1.1b

Provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States.

Universal Insurance Holdings

Market Cap: US$653.5m

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

Heritage Insurance Holdings

Market Cap: US$619.9m

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

Waterdrop

Market Cap: US$582.3m

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.

Hanwha General Insurance

Market Cap: ₩696.0b

Provides insurance services in South Korea.

Crawford

Market Cap: US$466.4m

Provides claims management and outsourcing solutions for carriers, brokers, and corporations in the United States, the United Kingdom, Europe, Canada, Australia, Asia, and Latin America.

Global Indemnity Group

Market Cap: US$439.5m

Through its subsidiaries, provides specialty property and casualty insurance, and reinsurance products in the United States.

FP Partner

Market Cap: JP¥47.7b

Provides insurance services for individuals and corporations in Japan.

Kingstone Companies

Market Cap: US$221.2m

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

Wiz Co Participações e Corretagem de Seguros

Market Cap: R$1.2b

Wiz Co Participações e Corretagem de Seguros S.A.

Citizens

Market Cap: US$199.6m

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

Helios Underwriting

Market Cap: UK£148.8m

Provides a limited liability investment for its shareholders in the Lloyd’s insurance market in the United Kingdom.

ClearView Wealth

Market Cap: AU$285.0m

Engages in life insurance business in Australia.

NobleOak Life

Market Cap: AU$130.4m

Engages in underwriting life insurance products in Australia.

Société Tunisienne de Réassurance

Market Cap: د.ت162.6m

Operates as a reinsurance company in Tunisia, Maghreb, Arab countries, Africa, Europe, Asia, and internationally.

IRRC

Market Cap: JP¥6.2b

Operates in life insurance agency business in Japan.