Insurance Carriers Valuation Multiples and Public Comps

Insurance Carriers

See analyst estimates and all valuation multiples for Insurance Carriers

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
Berkshire Hathaway	$1.09T	2.8x	n/a
Ping An Insurance	$231B	1.5x	n/a
Allianz	$168B	0.8x	8.3x
China Life Insurance	$166B	1.8x	n/a
China Life Insurance Co	$166B	1.8x	n/a
AXA	$157B	1.2x	n/a
Chubb	$138B	2.5x	10.8x
Progressive	$126B	1.5x	8.5x
AIA Group	$116B	5.5x	n/a
Zurich Insurance Group	$106B	1.7x	n/a
Elevance Health	$105B	0.5x	10.4x
Cigna Group	$101B	0.4x	8.0x
Generali	$95.4B	0.8x	10.5x
Travelers	$68.8B	1.5x	9.2x
MetLife	$67.2B	0.8x	7.5x
Tokio Marine Holdings	$65.0B	1.2x	7.4x
Aflac	$64.2B	3.6x	12.1x
Prudential Financial	$61.4B	1.1x	7.0x
Allstate	$59.8B	1.0x	5.2x
People's Insurance Co	$57.1B	0.6x	n/a
People's Insurance Co.	$57.0B	0.6x	n/a
Manulife	$56.8B	2.3x	14.4x
Fubon Financial	$55.8B	5.5x	n/a
China Pacific Insurance	$53.8B	0.9x	n/a
Life Insurance Corporation of India	$50.2B	0.5x	n/a
Cathay Financial Holdings	$48.9B	4.2x	n/a
AIG	$46.4B	1.7x	9.2x
PICC Property & Casualty	$46.2B	0.6x	n/a
Power Corporation of Canada	$44.7B	3.3x	n/a
Fairfax Financial	$44.0B	1.4x	n/a
Great-West Lifeco	$42.8B	13.9x	n/a
The Hartford	$40.7B	1.4x	9.1x
Humana	$39.8B	0.3x	9.8x
Prudential	$39.2B	6.3x	11.6x
Intact Financial Corp.	$37.9B	2.1x	12.1x
Swiss Life	$36.7B	1.4x	n/a
Arch Capital Group	$35.6B	2.0x	8.7x
Talanx	$35.4B	0.6x	5.7x
Sun Life Financial	$35.0B	5.5x	9.1x
Samsung Life Insurance	$33.1B	41.0x	n/a
Sampo	$31.5B	3.0x	12.4x
New China Life Insurance	$31.0B	1.4x	n/a
Loews Corporation	$30.0B	n/a	n/a
MS&AD Insurance Group	$30.0B	0.7x	5.1x
Sompo Holdings	$28.3B	0.8x	6.4x
NN Group	$26.3B	5.3x	n/a
Markel Group	$26.2B	1.6x	n/a
WR Berkley	$26.1B	2.0x	8.8x
Dai-ichi Life	$25.3B	0.4x	6.5x
Cincinnati Financial	$24.6B	2.5x	n/a
SBI Life Insurance Co	$22.5B	2.2x	69.8x
ASR Nederland	$21.5B	2.9x	n/a
QBE Insurance	$21.5B	1.1x	8.2x
Centene	$20.6B	0.1x	18.4x
PZU	$20.5B	2.4x	n/a
Unipol	$20.4B	1.0x	n/a
HDFC Life Insurance	$17.5B	2.0x	1.5x
UnumGroup	$16.3B	1.2x	9.6x
Fidelity National Financial	$16.2B	1.1x	n/a
China Taiping Insurance	$16.0B	1.1x	1.9x
Tryg	$15.7B	2.5x	14.4x
Everest Group	$15.6B	0.9x	7.3x
CNA Financial	$15.5B	n/a	n/a
ageas	$15.1B	1.6x	n/a
Mapfre	$15.0B	0.5x	18.7x
Erie Insurance	$14.1B	3.5x	n/a
Admiral Group	$14.0B	2.0x	10.7x
Gjensidige Forsikring	$13.7B	3.2x	n/a
KGI Financial	$13.5B	9.8x	n/a
Globe Life	$13.5B	2.2x	8.0x
Insurance Australia Group	$13.2B	1.1x	9.5x
BB Seguros	$12.9B	6.8x	3.8x
Suncorp Group	$12.7B	1.4x	11.5x
Aegon	$12.6B	0.7x	n/a
Samsung Fire & Marine Insurance	$12.5B	1.2x	5.7x
Assurant	$12.4B	1.0x	7.7x
Old Republic International	$12.0B	1.3x	n/a
iA Financial Group	$11.4B	5.3x	n/a
Sanlam	$11.4B	6.1x	n/a
American Financial Group	$10.9B	1.6x	n/a
ICICI Prudential Life	$10.6B	1.8x	65.0x
Sony Financial	$10.6B	n/a	n/a
ICICI Lombard	$10.0B	3.1x	43.8x
Primerica	$9.7B	3.0x	n/a
Vienna Insurance Group	$9.5B	0.5x	n/a
Kinsale Cap Group	$9.5B	5.8x	15.4x
China Re	$9.4B	n/a	n/a
T&D Holdings	$9.4B	0.4x	8.6x
Jackson Financial	$9.4B	1.3x	n/a
AXIS Capital	$9.2B	1.4x	n/a
Caixa Seguridade	$9.2B	8.6x	10.1x
Discovery	$9.1B	3.0x	n/a
Aviva	$8.8B	0.2x	n/a
Beazley	$8.5B	1.4x	8.2x
Clal Insurance	$8.4B	n/a	n/a
Medibank Pvt	$8.4B	1.4x	15.6x
Menora Mivtachim	$8.1B	n/a	n/a
Great Eastern Life	$8.0B	n/a	n/a
Sunshine Insurance Group	$7.6B	0.8x	n/a
Wuestenrot & Wuerttembergische	$7.5B	1.4x	n/a
Grupo SURA	$7.4B	0.9x	5.0x
FWD Group Holdings	$7.4B	1.0x	n/a
Equitable Holdings	$7.0B	0.5x	2.7x
Definity Financial	$6.9B	2.3x	n/a
CNO Financial Group	$6.7B	1.7x	n/a
The Hanover Insurance Group	$6.5B	1.0x	7.3x
Phoenix Financial	$6.4B	2.1x	n/a
OUTsurance Group	$6.4B	2.9x	n/a
Essent Group	$6.4B	5.0x	n/a
MGIC Investment Corp.	$6.3B	5.2x	n/a
First American Financial	$6.3B	0.9x	n/a
Max Financial Services	$6.3B	1.4x	737.5x
Lemonade	$6.2B	8.5x	-47.4x
UNIQA Group	$6.2B	0.7x	n/a
Selective Insurance	$6.1B	1.2x	10.2x
Hiscox	$6.0B	1.2x	8.0x
DB Insurance	$6.0B	7.7x	4.0x
Enact Holdings	$5.8B	4.7x	n/a
Bupa Arabia	$5.7B	1.1x	n/a
Radian Group	$5.7B	4.6x	n/a
White Mountains	$5.6B	n/a	n/a
RLI	$5.5B	2.7x	n/a
Assured Guaranty	$5.4B	5.9x	n/a
Porto Seguro	$5.4B	0.8x	n/a
Harel Group	$5.3B	1.2x	n/a
Capital Financial	$5.1B	n/a	n/a
Sinar Mas Multiartha	$4.9B	n/a	n/a
E-L Financial	$4.8B	n/a	n/a
Protector Forsikring	$4.7B	3.4x	n/a
Company for Cooperative Insurance	$4.6B	0.8x	n/a
Brighthouse Financial	$4.6B	0.5x	1.9x
Inversiones La Construcción	$4.5B	1.3x	n/a
Coface	$4.4B	2.1x	n/a
Mercury Insurance	$4.2B	0.7x	n/a
Alm Brand	$4.1B	2.2x	n/a
Neptune Insurance Hldgs	$4.0B	26.0x	43.2x
Thai Life Insurance	$4.0B	1.1x	9.3x
Lincoln National	$3.9B	0.2x	1.8x
F&G Annuities & Life	$3.8B	0.7x	n/a
Brookfield Wealth Solutions	$3.8B	n/a	n/a
Qualitas	$3.7B	0.9x	20.7x
MBIA	$3.6B	145.2x	n/a
Japan Post Insurance	$3.6B	0.1x	3.7x
Aspen Insurance	$3.5B	1.0x	n/a
Palomar Holdings	$3.4B	1.7x	n/a
Go Digit Insurance	$3.3B	2.9x	36.4x
Digit Insurance	$3.3B	2.9x	36.4x
EdelweissFin	$3.2B	n/a	n/a
National MI	$3.2B	5.3x	n/a
Kemper	$3.1B	0.7x	n/a
Oscar Health	$3.0B	0.2x	-15.7x
Hyundai Fire & Marine	$2.9B	0.5x	n/a
Star Health Insurance	$2.9B	1.4x	-70.3x
Genworth Financial	$2.8B	n/a	n/a
SiriusPoint	$2.6B	1.0x	n/a
Santam	$2.6B	0.9x	n/a
Hapvida	$2.6B	0.4x	4.1x
Horace Mann	$2.5B	1.8x	n/a
Vaudoise Assurances	$2.5B	n/a	n/a
Stewart Title	$2.4B	0.8x	n/a
nib Group	$2.2B	0.9x	13.0x
Old Mutual	$2.2B	0.6x	n/a
Al-Rajhi Co	$2.1B	n/a	n/a
Just Group	$2.1B	n/a	n/a
BaoViet	$2.0B	1.2x	n/a
Adris Grupa	$2.0B	n/a	n/a
Skyward Specialty	$2.0B	0.9x	n/a
Lancashire Holdings	$1.9B	0.9x	6.1x
Hamilton Insurance Group	$1.9B	0.7x	3.0x
Fidelis Insurance	$1.9B	0.6x	n/a
Accelerant Holdings	$1.7B	1.9x	6.3x
Zavarovalnica Triglav	$1.7B	0.7x	n/a
ProAssurance	$1.6B	1.8x	n/a
Saga	$1.5B	1.6x	8.3x
Grupo Nacional Provincial	$1.5B	0.2x	n/a
Trisura Group	$1.4B	0.6x	n/a
Linea Directa Aseguradora	$1.4B	1.1x	18.0x
Banvida	$1.4B	n/a	n/a
Canara HSBC Life	$1.4B	n/a	n/a
Hagerty	$1.3B	1.0x	7.7x
IDI Insurance	$1.3B	n/a	n/a
HCI Group	$1.2B	1.4x	n/a
Grupo Assa	$1.2B	n/a	n/a
ADNIC	$1.1B	n/a	n/a
Trupanion	$1.1B	0.8x	15.9x
Safety Insurance Group	$1.1B	n/a	n/a
Phoenix Group plc	$1.1B	n/a	n/a
Clover Health	$1.0B	0.5x	51.9x
Eurohold Bulgaria	$1.0B	n/a	n/a
Momentum Group	$987M	n/a	n/a
Helia Group	$984M	4.2x	4.0x
Chesnara	$971M	n/a	n/a
Anadolu Hayat Emeklilik	$911M	2.0x	n/a
New India Assurance	$888M	0.2x	n/a
Nuernberger Beteiligungs	$855M	n/a	n/a
International General Insurance	$848M	n/a	n/a
Employers Holdings	$838M	0.9x	n/a
Ategrity Specialty	$837M	2.0x	n/a
Tiptree	$831M	n/a	n/a
UFG Insurance	$818M	0.7x	n/a
Qatar Insurance Group	$786M	0.3x	n/a
REVO Insurance	$761M	1.7x	1.7x
Crawford	$761M	0.6x	6.1x
AgeSA	$738M	1.3x	n/a
AMERISAFE	$663M	2.1x	n/a
Donegal Group	$661M	0.7x	n/a
Bowhead Specialty	$624M	0.8x	8.1x
weSure	$612M	n/a	n/a
Root Inc.	$602M	0.4x	5.1x
Hippo Insurance	$589M	1.3x	-46.4x
James River Group	$539M	0.9x	7.9x
Universal Insurance Holdings	$524M	0.2x	n/a
Kingsway Financial Servs	$471M	n/a	n/a
Investors Title	$465M	n/a	n/a
Waterdrop	$448M	0.9x	7.9x
Anadolu Anonim	$440M	0.2x	n/a
American Coastal	$433M	0.7x	n/a
Sabre Insurance Group	$383M	1.4x	5.9x
Heritage Insurance	$343M	0.4x	n/a
Ray Sigorta	$342M	n/a	n/a
Dunav Osiguranje	$275M	n/a	n/a
Citizens	$256M	1.0x	n/a
Nodak Insurance	$248M	n/a	n/a
American Integrity	$241M	0.3x	n/a
Kingstone Companies	$204M	0.7x	n/a
Helios Underwriting	$202M	n/a	n/a
Firstcaution	$166M	n/a	n/a
Ste Assurances Multirisques Ittihad SA	$163M	n/a	n/a
Solid	$142M	1.2x	n/a
Aksigorta	$135M	n/a	n/a
Atlantic Insurance Co	$106M	n/a	n/a
Interlife Gen Insurance	$104M	n/a	n/a
Bahrain National Holding	$103M	n/a	n/a
CIG Pannonia Life	$99.8M	n/a	n/a
OEKOWORLD	$22.7M	n/a	n/a
Nord Insuretech Group	$21.8M	n/a	n/a
RheinLand Holding	$17.6M	n/a	n/a
Migdal Group	-$4.0B	n/a	n/a
SDIC Capital	-$9.2B	-4.1x	n/a
Challenger	-$11.8B	-17.7x	-25.9x