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Top Global Insurance Dividend Stocks
UPDATED Aug 14, 2022
What are the best Global Insurance Dividend Stocks?
According to our Simply Wall St analysis these are the best Global Insurance dividend companies. We look for companies with high quality dividends and healthy balance sheets to find the top Dividend Stocks.
Our criteria to find Top Dividend Companies
High Yield
- Companies with a high dividend yield are more attractive due to the higher expected income for each dollar invested.
- Yields vary between markets, so we focus on the top dividend payers in each market.
What do we look for?
- Is the yield in the top 25% of the market's dividend payers.
Consistent Dividends
- Companies with a strong track record of paying a consistent and growing dividend are the most attractive.
- If the dividend has been cut substantially in the past, then it's difficult to be confident about future payments.
What do we look for?
- Has the dividend been stable over the last 10 years.
- Has the dividend grown over the last 10 years.
Dividend Cover
- Ideally the company doesn't pay out all of its earnings, neglecting future growth.
- If a company is unable to afford its dividend, then it will probably lead to a dividend cut and share price erosion.
What do we look for?
- Are dividends covered by earnings.
- Are dividends forecast to be covered by earnings in the future.
Healthy Balance Sheet
- Investors want to make sure the company is positioned to cover its debts. Repayments on debt typically take priority over shareholder return initiatives.
What do we look for?
- Does the company have a manageable level of debt.
- Is the company able to cover its interest repayments.
10 companies meet this criteria in the Global market
Great-West Lifeco Inc., a financial services holding company, engages in the life and health insurance, retirement and investment services, asset management, and reinsurance businesses in Canada, the United States, and Europe.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: GWO's dividend (6.03%) is in the top 25% of dividend payers in the Canadian market (5.3%)
Notable Dividend
Rewards
Trading at 64.5% below our estimate of its fair value
Earnings are forecast to grow 6.67% per year
Risks
No risks detected for GWO from our risks checks.
Power Corporation of Canada operates as an international management and holding company in North America, Europe, and Asia.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: POW's dividend (5.58%) is in the top 25% of dividend payers in the Canadian market (5.3%)
Notable Dividend
Rewards
Trading at 41.9% below our estimate of its fair value
Earnings are forecast to grow 12.75% per year
Risks
No risks detected for POW from our risks checks.
Vienna Insurance Group AG, together with its subsidiaries, provides various insurance products and services in life, health, and property and casualty areas in Central and Eastern Europe.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: VIG's dividend (5.26%) is in the top 25% of dividend payers in the Austrian market (5.09%)
Notable Dividend
Stable Dividend
Rewards
Trading at 62.6% below our estimate of its fair value
Earnings are forecast to grow 9.79% per year
Earnings grew by 50.5% over the past year
Risks
No risks detected for VIG from our risks checks.
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: AXS's dividend (3.18%) is low compared to the top 25% of dividend payers in the US market (3.95%).
Rewards
Trading at 60% below our estimate of its fair value
Earnings are forecast to grow 28.45% per year
Earnings grew by 55.5% over the past year
Risks
No risks detected for AXS from our risks checks.
The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: THG's dividend (2.22%) is low compared to the top 25% of dividend payers in the US market (3.95%).
Rewards
Trading at 51.7% below our estimate of its fair value
Earnings are forecast to grow 20.68% per year
Risks
Profit margins (6.2%) are lower than last year (9.9%)
Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: CINF's dividend (2.65%) is low compared to the top 25% of dividend payers in the US market (3.95%).
Rewards
Trading at 46.5% below our estimate of its fair value
Earnings are forecast to grow 96.29% per year
Risks
Profit margins (7.6%) are lower than last year (30.2%)
Everest Re Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Bermuda, and internationally.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: RE's dividend (2.4%) is low compared to the top 25% of dividend payers in the US market (3.95%).
Rewards
Trading at 65.1% below our estimate of its fair value
Earnings are forecast to grow 35.54% per year
Risks
Significant insider selling over the past 3 months
Profit margins (6.5%) are lower than last year (11.8%)
Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services worldwide.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: HNR1's dividend (2.99%) is low compared to the top 25% of dividend payers in the German market (4.5%).
Rewards
Trading at 62.3% below our estimate of its fair value
Earnings are forecast to grow 12.7% per year
Earnings have grown 1.7% per year over the past 5 years
Risks
No risks detected for HNR1 from our risks checks.