U.S. Insurance Undervalued based on future growth

Prudential Financial

Market Cap: US$40.1b

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

Fidelity National Financial

Market Cap: US$13.3b

Provides various insurance products in the United States.

Lincoln National

Market Cap: US$7.6b

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

Hagerty

Market Cap: US$4.2b

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

Kemper

Market Cap: US$1.7b

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

Crawford

Market Cap: US$521.9m

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.

Waterdrop

Market Cap: US$416.8m

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.

Global Indemnity Group

Market Cap: US$381.4m

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

Kingstone Companies

Market Cap: US$292.7m

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

James River Group Holdings

Market Cap: US$210.8m

Provides specialty insurance services.

Huize Holding

Market Cap: US$13.3m

Offers online insurance product and service platforms through various internet channels in Mainland China, Hong Kong, and internationally.