Global Insurance Low Leverage High Rewards

EFU Life Assurance

Market Cap: PK₨16.4b

Provides life and health insurance products and services to individuals, families, and corporate clients in Pakistan.

Sompo Holdings

Market Cap: JP¥5.9t

Provides property and casualty (P&C) insurance products and services in Japan and internationally.

Green Delta Insurance

Market Cap: ৳6.7b

Provides general insurance products in Bangladesh.

Central Reinsurance

Market Cap: NT$28.8b

Provides various property and life inward and outward reinsurance services in Taiwan and internationally.

HNB Life

Market Cap: LK₨22.1b

Provides life and general insurance solutions for individual and corporate customers in Sri Lanka.

Allshores

Market Cap: BD$257.2m

Provides insurance and investment solutions to individuals and businesses in Bermuda, Bahamas, Caribbean region, and Cayman Islands.

Tokio Marine Holdings

Market Cap: JP¥13.9t

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

Doha Insurance Group Q.P.S.C

Market Cap: ر.ق1.4b

Engages in insurance and reinsurance businesses in Qatar, the United Arab Emirates, Lebanon, Germany, India, and Jordan.

Dubai Insurance Company (P.S.C.)

Market Cap: د.إ1.7b

Provides various insurance products for individuals and corporates in the United Arab Emirates.

CNA Financial

Market Cap: US$14.1b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Horace Mann Educators

Market Cap: US$2.1b

Operates as an insurance holding company in the United States.

Grupo Nacional Provincial

Market Cap: Mex$25.7b

Provides various insurance products in Mexico.

Jubilee Holdings

Market Cap: KSh27.6b

An investment holding company, underwrites life and non-life insurance risks associated with death, disability, health, property, and liability.

Sanlam

Market Cap: R183.9b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Manulife Financial

Market Cap: CA$101.4b

Provides financial products and services in the United States, Canada, Asia, and internationally.

National Insurance

Market Cap: US$56.4m

Provides various insurance products and services for individual and corporate customers in Palestine.

Wafa Assurance

Market Cap: د.م18.2b

Provides insurance products to individuals and companies in Morocco.

RheinLand Holding

Market Cap: €112.9m

Provides various insurance products and services for private and commercial customers in Germany and internationally.

Talanx

Market Cap: €28.9b

Provides insurance and reinsurance products and services worldwide.

Unum Group

Market Cap: US$14.2b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Progressive

Market Cap: US$120.9b

Operates as an insurance company in the United States.

Stewart Information Services

Market Cap: US$2.2b

Through its subsidiaries, provides title insurance and real estate transaction related services in the United States and internationally.

First American Financial

Market Cap: US$7.4b

Through its subsidiaries, provides financial services.

Delta Life Insurance

Market Cap: ৳10.1b

Provides insurance products and services in Bangladesh.

Employers Holdings

Market Cap: US$918.0m

Through its subsidiaries, provides workers' compensation insurance and services in the United States.

NICO Holdings

Market Cap: MK 1.6t

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

Cornerstone Insurance

Market Cap: ₦103.7b

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

Waterdrop

Market Cap: US$424.0m

Through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People’s Republic of China.

MAPFRE Middlesea

Market Cap: €130.6m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Quálitas Controladora. de

Market Cap: Mex$68.3b

Through its subsidiaries, provides insurance, coinsurance, and reinsurance services in the personal accident, health, and automobile areas in Mexico, El Salvador, Costa Rica, Peru, and the United States.

American Financial Group

Market Cap: US$11.8b

An insurance holding company, provides property and casualty insurance products in the United States.

Santam

Market Cap: R43.7b

Provides various general insurance products and services to individuals, commercial, and corporate markets in South Africa, rest of Africa, and internationally.

AXA Mansard Insurance

Market Cap: ₦100.2b

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

Jubilee General Insurance

Market Cap: PK₨15.6b

Engages in the general insurance business in Pakistan.

IRRC

Market Cap: JP¥5.5b

Engages in the life insurance agency business in Japan.

Karnaphuli Insurance

Market Cap: ৳2.1b

Engages in the general insurance business in Bangladesh.