Global Insurance High ROE Growth Engines

Progressive

Market Cap: US$155.4b

Operates as an insurance company in the United States.

Erie Indemnity

Market Cap: US$18.9b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Kinsale Capital Group

Market Cap: US$9.8b

Engages in the provision of property and casualty insurance products in the United States.

Caixa Seguridade Participações

Market Cap: R$49.9b

Provides various life and non-life insurance products in Brazil.

OUTsurance Group

Market Cap: R115.0b

A financial services company, provides insurance and investment products in South Africa, Australia, and Ireland.

Protector Forsikring

Market Cap: NOK 30.0b

Operates as a non-life insurance company, provides direct general insurance and reinsurance to the commercial lines of business, public sector, and affinity schemes.

Türkiye Sigorta

Market Cap: ₺88.7b

Operates as a non-life insurance company in Turkey.

Santam

Market Cap: R42.8b

Provides various general insurance products for individuals and businesses in South Africa, rest of Africa, Southeast Asia, India, the Middle East, and internationally.

Hamilton Insurance Group

Market Cap: US$1.9b

Through its subsidiaries, operates as specialty insurance and reinsurance company in Bermuda and internationally.

Saudi Reinsurance

Market Cap: ر.س5.9b

Provides various reinsurance products in the Kingdom of Saudi Arabia, rest of the Middle East, Africa, Asia, and internationally.

HCI Group

Market Cap: US$1.5b

Engages in the property and casualty insurance, insurance management, reinsurance, real estate, and information technology businesses in the United States.

Anadolu Anonim Türk Sigorta Sirketi

Market Cap: ₺44.0b

Offers non-life insurance products in Turkey.

Anadolu Hayat Emeklilik Anonim Sirketi

Market Cap: ₺37.2b

Provides individual and group insurance and reinsurance services to group and individual life, retirement, and related personal accident branches in Turkey.

I.D.I. Insurance

Market Cap: ₪2.5b

Provides insurance products and services to individuals and corporate customers in Israel.

QDM International

Market Cap: US$565.8m

Operates as an insurance brokerage company primarily in Hong Kong.

NICO Holdings

Market Cap: MK 810.1b

Engages in general insurance, life assurance, pension administration, banking, corporate finance advisory, asset management, and information technology (IT) businesses in in Malawi, Zambia, Uganda, and Mozambique.

FP Partner

Market Cap: JP¥56.4b

Provides insurance services for individuals and corporations in Japan.

Aksigorta

Market Cap: ₺10.3b

Provides various life and non-life insurance products and services to retail and business customers in Turkey.

INCAR FINANCIAL SERVICE

Market Cap: ₩381.4b

Operates as an independent insurance agency in South Korea.

Kingstone Companies

Market Cap: US$253.7m

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

SBI Insurance Group

Market Cap: JP¥27.4b

Provides various insurance products in Japan.

Libra Insurance

Market Cap: ₪618.9m

Engages in the general insurance business in Israel.

Wiz Co Participações e Corretagem de Seguros

Market Cap: R$970.6m

Wiz Co Participações e Corretagem de Seguros S.A.

Agma

Market Cap: د.م1.3b

Engages in the insurance and reinsurance advisory and brokerage business in Morocco.

Votum

Market Cap: zł448.8m

Provides assistance for obtaining compensation.

Golden Insurance BrokersLtd

Market Cap: NT$2.9b

Engages in the life and property insurance brokerage business in Taiwan.

Softlogic Life Insurance

Market Cap: LK₨22.1b

Provides life insurance products to individual and corporate customers in Sri Lanka.

Mohandes Insurance

Market Cap: ج.م3.5b

Provides life and general insurance products in Egypt.

Custodian Investment

Market Cap: ₦101.2b

Through its subsidiaries, provides insurance products and services in Nigeria.

CIC Insurance Group

Market Cap: KSh8.1b

Provides general and life insurance products and services in Kenya, South Sudan, Uganda, and Malawi.

Janashakthi Insurance

Market Cap: LK₨17.7b

Engages in providing life insurance solutions to individual and corporate customers in Sri Lanka.

EFU Life Assurance

Market Cap: PK₨15.5b

Provides life insurance products and services in Pakistan.

AXA Mansard Insurance

Market Cap: ₦77.9b

AXA Mansard Insurance Plc, together with its subsidiaries, underwrites life and non-life insurance contracts in Nigeria.

NEM Insurance

Market Cap: ₦75.2b

Provides general insurance products and services to corporate and individual customers in Nigeria and Europe.

Cornerstone Insurance

Market Cap: ₦53.9b

Offers risk underwriting and related financial services for corporate and individual customers in Nigeria and internationally.

Coronation Insurance

Market Cap: ₦49.7b

Through its subsidiaries, engages in underwriting of life and non-life insurance for individuals and corporate entities.