Pakistani Insurance Defensive Blue Chips

Astera Labs

Market Cap: US$27.2b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Ajinomoto

Market Cap: JP¥4.0t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Advanced Info Service

Market Cap: ฿883.3b

Operates as a telecommunications and technology company primarily in Thailand.

Koninklijke Philips

Market Cap: €23.1b

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

Japan Post Holdings

Market Cap: JP¥4.0t

Provides postal, banking, and insurance services in Japan.

Aviva

Market Cap: UK£19.9b

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

Fifth Third Bancorp

Market Cap: US$26.7b

Operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States.

Amrize

Market Cap: CHF 21.0b

Focuses on building materials business in North America.

CGN Power

Market Cap: HK$205.3b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical 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.

Svenska Handelsbanken

Market Cap: SEK 248.2b

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

Capitec Bank Holdings

Market Cap: R455.3b

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

Grupo Financiero Banorte. de

Market Cap: Mex$482.3b

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

Pernod Ricard

Market Cap: €22.4b

Produces and sells wines and spirits worldwide.

New China Life Insurance

Market Cap: CN¥186.1b

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

China National Nuclear Power

Market Cap: CN¥185.9b

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

DexCom

Market Cap: US$26.0b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally.

VERBUND

Market Cap: €22.2b

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.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س97.1b

Provides private health and ancillary services.

STMicroelectronics

Market Cap: €22.1b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

China Tower

Market Cap: HK$199.3b

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

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł93.1b

Provides various banking products and services in Poland and internationally.

Veolia Environnement

Market Cap: €21.9b

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

First Solar

Market Cap: US$25.5b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Bank of Ningbo

Market Cap: CN¥181.3b

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

EnBW Energie Baden-Württemberg

Market Cap: €21.7b

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

Huaneng Lancang River Hydropower

Market Cap: CN¥178.9b

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

JD Health International

Market Cap: HK$194.5b

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

Shinhan Financial Group

Market Cap: ₩35.5t

Provides financial products and services in South Korea and internationally.

Bank Hapoalim B.M

Market Cap: ₪82.3b

Provides various banking and financial services in Israel and internationally.

Banca Monte dei Paschi di Siena

Market Cap: €21.2b

Provides retail and commercial banking services in Italy.

Ørsted

Market Cap: DKK 158.2b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

OTP Bank Nyrt

Market Cap: Ft8.2t

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

Constellation Brands

Market Cap: US$24.4b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

China Minsheng Banking

Market Cap: CN¥173.7b

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

Terumo

Market Cap: JP¥3.7t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.