Global Insurance High ROE Growth Engines

Progressive

Market Cap: US$152.6b

Operates as an insurance company in the United States.

Life Insurance Corporation of India

Market Cap: ₹5.9t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Erie Indemnity

Market Cap: US$18.2b

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

Gjensidige Forsikring

Market Cap: NOK 124.0b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Kinsale Capital Group

Market Cap: US$10.7b

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

Caixa Seguridade Participações

Market Cap: R$43.4b

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

OUTsurance Group

Market Cap: R122.0b

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

Protector Forsikring

Market Cap: NOK 33.5b

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

Slide Insurance Holdings

Market Cap: US$2.5b

Engages in underwriting single family and condominium policies in the property and casualty industry in the United States.

Santam

Market Cap: R45.5b

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

Türkiye Sigorta

Market Cap: ₺78.7b

Operates as a non-life insurance company in Turkey.

HCI Group

Market Cap: US$1.7b

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

Rasan Information Technology

Market Cap: ر.س6.2b

A financial technology company, provides insurance and financial services in the Kingdom of Saudi Arabia.

Anadolu Anonim Türk Sigorta Sirketi

Market Cap: ₺41.5b

Offers non-life insurance products in Turkey.

Yuanbao

Market Cap: US$979.1m

Through its subsidiaries, provides online insurance distribution and services in the People’s Republic of China.

Ray Sigorta Anonim Sirketi

Market Cap: ₺36.5b

Engages in the non-life insurance business in Turkey.

QDM International

Market Cap: US$774.2m

Operates as an insurance brokerage company primarily in Hong Kong.

NICO Holdings

Market Cap: MK 809.8b

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.

INCAR FINANCIAL SERVICE

Market Cap: ₩561.0b

Operates as an independent insurance agency in South Korea.

FP Partner

Market Cap: JP¥50.5b

Provides insurance services for individuals and corporations in Japan.

Qatar Islamic Insurance Group Q.P.S.C

Market Cap: ر.ق1.3b

Provides a range of insurance products and services in Qatar.

American Integrity Insurance Group

Market Cap: US$327.2m

Operates as an insurance company.

Tower

Market Cap: NZ$527.5m

Provides general insurance products in New Zealand and the Pacific Islands.

Wiz Co Participações e Corretagem de Seguros

Market Cap: R$1.3b

Wiz Co Participações e Corretagem de Seguros S.A.

Aksigorta

Market Cap: ₺8.9b

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

SBI Insurance Group

Market Cap: JP¥31.1b

Provides various insurance products in Japan.

Kingstone Companies

Market Cap: US$206.6m

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

Libra Insurance

Market Cap: ₪666.0m

Engages in the general insurance business in Israel.

Agma

Market Cap: د.م1.3b

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

Votum

Market Cap: zł531.0m

Votum S.A. helps victims of road accidents to obtain compensation from insurance companies.

Golden Insurance BrokersLtd

Market Cap: NT$3.1b

Provides life and property insurance brokerage services in Taiwan.

Custodian Investment

Market Cap: ₦152.9b

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

Mohandes Insurance

Market Cap: ج.م3.7b

Provides life and general insurance products in Egypt.

Softlogic Life Insurance

Market Cap: LK₨20.9b

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

CIC Insurance Group

Market Cap: KSh8.1b

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

EFU Life Assurance

Market Cap: PK₨15.8b

Provides life insurance products and services in Pakistan.