Brazilian Insurance Defensive Blue Chips

CVS Health

Market Cap: US$119.0b

Provides health solutions in the United States.

HDFC Bank

Market Cap: ₹11.2t

Provides banking and financial products and services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai.

Oversea-Chinese Banking

Market Cap: S$141.4b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

Altria Group

Market Cap: US$110.4b

Through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States.

Al Rajhi Banking and Investment

Market Cap: ر.س412.8b

Provides banking and investment services in the Kingdom of Saudi Arabia and internationally.

Zurich Insurance Group

Market Cap: CHF 88.1b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

CaixaBank

Market Cap: €92.3b

Provides various banking products and services for individuals and businesses in Spain, Portugal, and internationally.

Bank of Nova Scotia

Market Cap: CA$147.0b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

ICICI Bank

Market Cap: ₹10.2t

Engages in the provision of various banking and financial services to corporate and retail customers in India and internationally.

Canadian Imperial Bank of Commerce

Market Cap: CA$146.3b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

AXA

Market Cap: €89.2b

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

China Yangtze Power

Market Cap: CN¥688.8b

Engages in hydropower generation business in China, Portugal, Peru, Brazil, and Pakistan.

State Bank of India

Market Cap: ₹9.6t

Provides banking products and services in India and internationally.

McKesson

Market Cap: US$100.1b

Provides healthcare services in the United States and internationally.

ING Groep

Market Cap: €85.8b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

AIA Group

Market Cap: HK$766.0b

Provides life insurance based financial services in Hong Kong.

Semiconductor Manufacturing International

Market Cap: HK$764.3b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

PNC Financial Services Group

Market Cap: US$97.0b

Operates as a diversified financial services company in the United States.

Constellation Energy

Market Cap: US$96.7b

Produces and sells energy products and services in the United States.

U.S. Bancorp

Market Cap: US$96.7b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

NFiniTi

Market Cap: US$95.5b

Operates as an alcoholic beverage company that specializes in producing ready-to-drink cocktails across the Western Hemisphere.

Comcast

Market Cap: US$95.3b

Operates as a media and technology company worldwide.

Cambricon Technologies

Market Cap: CN¥634.8b

Engages in the research, development, design, and sale of core AI chips for terminal devices in China.

Monster Beverage

Market Cap: US$93.6b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

HCA Healthcare

Market Cap: US$92.9b

Through its subsidiaries, provides health care services in the United States.

Marsh & McLennan Companies

Market Cap: US$91.6b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

Barclays

Market Cap: UK£66.7b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

Bank of Communications

Market Cap: HK$709.1b

Provides commercial banking products and services in China and internationally.

Tokio Marine Holdings

Market Cap: JP¥14.1t

Engages in the non-life and life insurance, and financial and general businesses in Japan, the United States, and internationally.

Lloyds Banking Group

Market Cap: UK£64.6b

Provides a range of banking and financial products and services for retail and commercial customers in the United Kingdom.

Postal Savings Bank of China

Market Cap: HK$687.1b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

Elevance Health

Market Cap: US$86.9b

Operates as a health benefits company in the United States.

EssilorLuxottica Société anonyme

Market Cap: €74.3b

Designs, manufactures, and distributes ophthalmic lenses, frames, sunglasses, and instruments and equipment in North America, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific.

National Australia Bank

Market Cap: AU$117.2b

Provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally.

China Telecom

Market Cap: HK$652.6b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

Westpac Banking

Market Cap: AU$116.2b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.