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	$1.14T	3.0x	n/a
Ping An Insurance	$215B	1.5x	n/a
Allianz	$166B	0.8x	8.2x
AXA	$158B	1.2x	12.7x
China Life Insurance Co	$152B	1.8x	11.3x
China Life Insurance	$152B	1.8x	11.3x
Progressive	$137B	1.6x	9.6x
Chubb	$136B	2.5x	10.8x
AIA Group	$110B	5.3x	14.3x
Zurich Insurance Group	$109B	1.8x	13.9x
Cigna Group	$98.9B	0.4x	7.9x
Elevance Health	$96.9B	0.5x	9.6x
Generali	$94.9B	0.8x	10.4x
Travelers	$71.3B	1.6x	9.6x
MetLife	$68.6B	0.9x	7.6x
Aflac	$64.6B	3.6x	12.2x
Tokio Marine Holdings	$62.7B	1.2x	7.0x
Prudential Financial	$62.2B	1.1x	7.1x
Allstate	$62.1B	1.1x	5.7x
Fubon Financial	$57.0B	5.6x	n/a
Manulife	$55.2B	2.3x	13.5x
Life Insurance Corporation of India	$54.9B	0.5x	n/a
People's Insurance Co.	$54.7B	0.6x	5.3x
People's Insurance Co	$54.7B	0.6x	n/a
PICC Property & Casualty	$50.3B	0.7x	6.3x
AIG	$49.2B	1.8x	9.9x
Cathay Financial Holdings	$45.9B	3.7x	n/a
China Pacific Insurance	$45.2B	0.8x	6.5x
Power Corporation of Canada	$44.6B	3.3x	n/a
Great-West Lifeco	$42.8B	13.6x	n/a
Fairfax Financial	$42.7B	1.3x	n/a
The Hartford	$40.6B	1.4x	9.2x
Intact Financial Corp.	$39.6B	2.2x	12.8x
Humana	$38.2B	0.3x	9.5x
Swiss Life	$37.6B	1.5x	n/a
Prudential	$36.2B	4.9x	10.7x
Talanx	$35.5B	0.6x	5.7x
Arch Capital Group	$35.4B	2.0x	8.7x
Sun Life Financial	$33.3B	5.0x	8.6x
Sampo	$32.2B	3.1x	12.8x
Samsung Life Insurance	$31.1B	39.9x	n/a
Loews Corporation	$30.1B	1.7x	n/a
MS&AD Insurance Group	$26.6B	0.6x	4.7x
Markel Group	$26.1B	1.6x	n/a
Sompo Holdings	$26.0B	0.8x	5.9x
WR Berkley	$25.8B	2.0x	8.7x
NN Group	$25.6B	1.5x	8.3x
New China Life Insurance	$25.2B	1.2x	4.7x
Cincinnati Financial	$24.7B	2.5x	n/a
Dai-ichi Life	$22.9B	0.4x	6.3x
SBI Life Insurance Co	$22.3B	2.1x	69.2x
ASR Nederland	$20.9B	2.0x	12.1x
QBE Insurance	$20.7B	1.1x	8.1x
Unipol	$19.7B	1.0x	n/a
PZU	$19.0B	2.2x	n/a
HDFC Life Insurance	$18.6B	2.2x	1.6x
Fidelity National Financial	$17.3B	1.2x	n/a
Centene	$17.2B	0.1x	12.9x
UnumGroup	$15.8B	1.2x	9.3x
Mapfre	$15.6B	0.5x	n/a
Tryg	$15.5B	2.5x	14.3x
Everest Group	$15.1B	0.9x	7.1x
Erie Insurance	$15.0B	3.7x	n/a
CNA Financial	$15.0B	n/a	n/a
Baloise Group	$14.9B	1.4x	n/a
ageas	$14.6B	1.4x	n/a
Helvetia Group	$14.5B	1.0x	n/a
Admiral Group	$14.1B	2.0x	12.1x
Samsung Fire & Marine Insurance	$14.1B	1.3x	6.4x
Gjensidige Forsikring	$14.0B	3.3x	n/a
China Taiping Insurance	$13.8B	0.9x	1.7x
Insurance Australia Group	$13.7B	1.2x	9.8x
Aegon	$13.6B	0.7x	7.0x
Suncorp Group	$12.9B	1.4x	11.5x
Globe Life	$12.9B	2.2x	7.7x
BB Seguros	$12.6B	7.0x	3.7x
KGI Financial	$12.6B	7.5x	n/a
Old Republic International	$12.0B	1.3x	n/a
Assurant	$11.7B	0.9x	7.3x
iA Financial Group	$11.2B	n/a	n/a
American Financial Group	$11.0B	1.6x	n/a
ICICI Lombard	$10.9B	3.3x	47.5x
Sanlam	$10.8B	6.1x	n/a
Sony Financial	$10.5B	n/a	n/a
ICICI Prudential Life	$10.3B	1.8x	63.5x
Primerica	$9.4B	2.9x	n/a
China Re	$9.0B	0.5x	n/a
Caixa Seguridade	$9.0B	8.4x	9.9x
Discovery	$9.0B	2.9x	n/a
AXIS Capital	$8.8B	1.4x	n/a
T&D Holdings	$8.7B	0.4x	7.3x
Jackson Financial	$8.3B	1.2x	4.3x
Kinsale Cap Group	$8.3B	5.1x	13.6x
Medibank Pvt	$7.9B	1.4x	15.1x
Menora Mivtachim	$7.9B	n/a	n/a
Clal Insurance	$7.9B	n/a	n/a
Vienna Insurance Group	$7.7B	0.4x	n/a
Great Eastern Life	$7.7B	n/a	n/a
Aviva	$7.7B	0.1x	n/a
FWD Group Holdings	$7.7B	n/a	n/a
Wuestenrot & Wuerttembergische	$7.5B	1.4x	n/a
Equitable Holdings	$7.0B	0.5x	2.7x
Definity Financial	$6.7B	2.0x	n/a
Sunshine Insurance Group	$6.7B	0.5x	n/a
The Hanover Insurance Group	$6.7B	1.0x	7.7x
CNO Financial Group	$6.7B	1.7x	n/a
MGIC Investment Corp.	$6.6B	5.4x	n/a
Max Financial Services	$6.6B	1.4x	775.3x
OUTsurance Group	$6.5B	3.1x	n/a
Grupo SURA	$6.5B	0.8x	4.3x
First American Financial	$6.4B	0.9x	12.2x
Essent Group	$6.4B	5.0x	n/a
UNIQA Group	$6.0B	0.7x	n/a
Radian Group	$5.8B	4.7x	n/a
DB Insurance	$5.8B	7.3x	3.8x
Selective Insurance	$5.8B	1.2x	10.0x
RLI	$5.8B	2.8x	n/a
Beazley	$5.8B	1.0x	5.5x
Lemonade	$5.7B	8.0x	-43.0x
Enact Holdings	$5.7B	4.6x	n/a
Grupo Catalana Occidente	$5.7B	0.8x	n/a
Phoenix Financial	$5.7B	1.9x	n/a
Assured Guaranty	$5.6B	6.1x	n/a
White Mountains	$5.6B	n/a	n/a
Bupa Arabia	$5.6B	1.1x	n/a
Porto Seguro	$5.6B	0.8x	6.4x
Hiscox	$5.3B	1.1x	7.0x
Capital Financial	$5.2B	n/a	n/a
Sinar Mas Multiartha	$5.1B	n/a	n/a
Harel Group	$5.0B	1.1x	n/a
Brighthouse Financial	$4.6B	0.5x	2.7x
F&G Annuities & Life	$4.6B	0.8x	n/a
E-L Financial	$4.5B	n/a	n/a
Mercury Insurance	$4.3B	0.8x	n/a
Coface	$4.3B	2.1x	n/a
Company for Cooperative Insurance	$4.3B	0.8x	n/a
Lincoln National	$4.2B	0.2x	2.0x
Protector Forsikring	$4.2B	3.0x	n/a
Brookfield Wealth Solutions	$4.1B	n/a	n/a
Alm Brand	$4.0B	2.2x	n/a
Neptune Insurance Hldgs	$3.9B	n/a	n/a
Inversiones La Construcción	$3.9B	1.2x	n/a
Qualitas	$3.7B	0.9x	20.4x
MBIA	$3.7B	142.6x	n/a
Go Digit Insurance	$3.6B	3.2x	39.3x
Digit Insurance	$3.6B	3.2x	39.3x
Aspen Insurance	$3.5B	1.0x	n/a
Oscar Health	$3.4B	0.3x	-21.3x
EdelweissFin	$3.3B	n/a	n/a
Thai Life Insurance	$3.3B	0.9x	7.7x
National MI	$3.2B	5.3x	n/a
Kemper	$3.1B	0.7x	n/a
Hyundai Fire & Marine	$3.1B	0.5x	n/a
Star Health Insurance	$3.0B	1.5x	-73.6x
Palomar Holdings	$3.0B	1.5x	n/a
Genworth Financial	$2.9B	0.4x	n/a
SiriusPoint	$2.8B	1.0x	n/a
Hapvida	$2.8B	0.5x	4.3x
Japan Post Insurance	$2.6B	0.1x	2.1x
Horace Mann	$2.6B	2.1x	n/a
Santam	$2.5B	1.0x	6.7x
Stewart Title	$2.5B	0.9x	12.4x
Vaudoise Assurances	$2.3B	n/a	n/a
nib Group	$2.2B	0.9x	13.2x
Al-Rajhi Co	$2.2B	n/a	n/a
Just Group	$2.1B	0.2x	n/a
Adris Grupa	$2.0B	n/a	n/a
Old Mutual	$1.9B	0.6x	n/a
Skyward Specialty	$1.8B	0.9x	n/a
Accelerant Holdings	$1.8B	n/a	n/a
Fidelis Insurance	$1.8B	0.5x	n/a
Hamilton Insurance Group	$1.8B	0.6x	2.8x
Lancashire Holdings	$1.7B	0.8x	5.4x
Zavarovalnica Triglav	$1.6B	0.7x	n/a
ProAssurance	$1.6B	1.7x	n/a
BaoViet	$1.4B	0.9x	n/a
Grupo Nacional Provincial	$1.4B	0.2x	n/a
Trupanion	$1.4B	1.0x	19.5x
Linea Directa Aseguradora	$1.3B	1.0x	17.0x
Hagerty	$1.3B	1.0x	7.8x
Trisura Group	$1.3B	0.6x	n/a
HCI Group	$1.3B	1.4x	n/a
IDI Insurance	$1.2B	n/a	n/a
Saga	$1.2B	1.3x	7.1x
New India Assurance	$1.2B	0.3x	n/a
Banvida	$1.1B	n/a	n/a
Grupo Assa	$1.1B	n/a	n/a
Eurohold Bulgaria	$1.1B	n/a	n/a
Safety Insurance Group	$1.1B	0.9x	n/a
Abacus Global Management	$1.0B	4.8x	8.3x
Clover Health	$1.0B	0.5x	43.9x
ADNIC	$978M	n/a	n/a
Helia Group	$973M	4.3x	4.0x
Chesnara	$921M	4.2x	n/a
Momentum Group	$908M	n/a	n/a
Nuernberger Beteiligungs	$865M	n/a	n/a
Tiptree	$861M	n/a	n/a
International General Insurance	$847M	1.6x	n/a
Ategrity Specialty	$828M	n/a	n/a
Anadolu Hayat Emeklilik	$814M	n/a	n/a
UFG Insurance	$803M	0.6x	n/a
Root Inc.	$789M	0.5x	6.7x
Crawford	$766M	0.6x	6.1x
Employers Holdings	$719M	0.8x	n/a
AgeSA	$693M	n/a	n/a
Donegal Group	$692M	0.8x	n/a
AMERISAFE	$648M	2.1x	n/a
Bowhead Specialty	$638M	0.8x	8.5x
REVO Insurance	$584M	1.3x	1.3x
Qatar Insurance Group	$584M	0.2x	n/a
Hippo Insurance	$577M	1.2x	-41.3x
Universal Insurance Holdings	$569M	0.3x	n/a
weSure	$548M	n/a	n/a
Phoenix Group plc	$545M	0.1x	n/a
James River Group	$498M	0.8x	8.2x
American Coastal	$475M	0.8x	n/a
Waterdrop	$458M	1.0x	7.9x
Investors Title	$458M	n/a	n/a
Kingsway Financial Servs	$448M	n/a	n/a
Ray Sigorta	$412M	n/a	n/a
Sabre Insurance Group	$368M	1.3x	5.7x
Heritage Insurance	$367M	0.4x	n/a
Dunav Osiguranje	$266M	n/a	n/a
Anadolu Anonim	$266M	0.1x	n/a
Nodak Insurance	$249M	n/a	n/a
American Integrity	$244M	0.3x	n/a
Citizens	$232M	0.9x	n/a
Helios Underwriting	$202M	4.2x	n/a
Kingstone Companies	$187M	0.7x	n/a
Firstcaution	$177M	n/a	n/a
Ste Assurances Multirisques Ittihad SA	$165M	n/a	n/a
Solid	$122M	1.1x	n/a
Atlantic Insurance Co	$103M	n/a	n/a
Bahrain National Holding	$101M	n/a	n/a
CIG Pannonia Life	$96.8M	n/a	n/a
Interlife Gen Insurance	$95.7M	n/a	n/a
Aksigorta	$81.5M	n/a	n/a
Nord Insuretech Group	$22.0M	n/a	n/a
RheinLand Holding	$16.8M	n/a	n/a
OEKOWORLD	$15.1M	n/a	n/a
Migdal Group	-$4.5B	n/a	n/a
SDIC Capital	-$9.1B	n/a	n/a
Challenger	-$11.8B	-17.9x	-26.2x