Norwegian Insurance Defensive Blue Chips

Luzhou LaojiaoLtd

Market Cap: CN¥193.8b

Produces and sells alcoholic products in China and internationally.

Bank of Ningbo

Market Cap: CN¥193.6b

Provides various personal and business banking products and services in the People's Republic of China.

Amrize

Market Cap: CHF 21.8b

Focuses on building materials business in North America.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥192.9b

Advanced Micro-Fabrication Equipment Inc.

SSE

Market Cap: UK£20.6b

Engages in the generation, transmission, distribution, and supply of electricity.

Aviva

Market Cap: UK£20.5b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, and internationally.

VERBUND

Market Cap: €23.3b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

Bank Hapoalim B.M

Market Cap: ₪87.3b

Provides various banking and financial services in Israel and internationally.

Koninklijke Philips

Market Cap: €23.1b

Operates as a health technology company in North America, the Greater China, and internationally.

Grupo Financiero Banorte. de

Market Cap: Mex$493.6b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Japan Post Holdings

Market Cap: JP¥4.1t

Provides postal, banking, and insurance services in Japan.

Bank Mandiri (Persero)

Market Cap: Rp443.3t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

Capitec Bank Holdings

Market Cap: R456.6b

Through its subsidiaries, provides various banking products and services in South Africa.

OTP Bank Nyrt

Market Cap: Ft8.8t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

New China Life Insurance

Market Cap: CN¥187.2b

Provides life insurance products and services to individuals and institutions in China.

Svenska Handelsbanken

Market Cap: SEK 250.5b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

China National Nuclear Power

Market Cap: CN¥187.0b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

Brown & Brown

Market Cap: US$26.1b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally.

China Tower

Market Cap: HK$202.1b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Dai-ichi Life Holdings

Market Cap: JP¥4.0t

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

Shinhan Financial Group

Market Cap: ₩37.6t

Provides financial products and services in South Korea and internationally.

Huaneng Lancang River Hydropower

Market Cap: CN¥183.0b

Engages in the development, construction, operation, and management of hydropower projects.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł94.1b

Provides various banking products and services in Poland and internationally.

STERIS

Market Cap: US$25.5b

Provides infection prevention products and services worldwide.

ABN AMRO Bank

Market Cap: €21.9b

Provides various banking products and financial services to retail, private, and business clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Markel Group

Market Cap: US$25.3b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

American Water Works Company

Market Cap: US$25.3b

Through its subsidiaries, provides water and wastewater services in the United States.

Cincinnati Financial

Market Cap: US$25.2b

Provides property casualty insurance products in the United States.

EnBW Energie Baden-Württemberg

Market Cap: €21.7b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س93.5b

Provides private health and ancillary services.

China Minsheng Banking

Market Cap: CN¥174.6b

Provides banking products and services in the People's Republic of China.

JD Health International

Market Cap: HK$190.5b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Banco do Brasil

Market Cap: R$130.5b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Veolia Environnement

Market Cap: €21.1b

Designs and provides water, waste, and energy management solutions.

Huntington Bancshares

Market Cap: US$24.2b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States.

China United Network Communications

Market Cap: CN¥172.3b

Provides telecommunication services in the People’s Republic of China.