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	$1.12T	2.9x	n/a
Ping An Insurance	$209B	1.4x	n/a
Allianz	$163B	0.8x	8.3x
AXA	$156B	1.2x	12.6x
China Life Insurance Co	$145B	1.9x	10.8x
China Life Insurance	$145B	1.9x	10.7x
Progressive	$136B	1.6x	9.5x
Chubb	$135B	2.5x	10.8x
AIA Group	$116B	5.6x	13.5x
Zurich Insurance Group	$109B	1.8x	15.1x
Cigna Group	$97.0B	0.4x	7.6x
Elevance Health	$93.4B	0.5x	9.2x
Generali	$93.1B	0.8x	10.3x
Travelers	$72.5B	1.6x	9.8x
MetLife	$68.0B	0.9x	7.7x
Aflac	$66.9B	3.7x	13.9x
Tokio Marine Holdings	$66.8B	1.2x	7.5x
Allstate	$63.4B	1.1x	6.7x
Prudential Financial	$60.5B	1.0x	7.2x
Life Insurance Corporation of India	$57.9B	0.6x	n/a
PICC Property & Casualty	$53.8B	0.8x	6.9x
Fubon Financial	$53.5B	5.4x	n/a
Manulife	$53.4B	2.3x	13.2x
People's Insurance Co.	$53.2B	0.6x	5.3x
People's Insurance Co	$53.2B	0.6x	n/a
AIG	$48.7B	1.8x	10.0x
Cathay Financial Holdings	$44.1B	3.9x	n/a
Power Corporation of Canada	$44.0B	0.8x	n/a
China Pacific Insurance	$42.9B	0.7x	6.4x
The Hartford	$41.1B	1.5x	9.4x
Great-West Lifeco	$40.5B	12.9x	n/a
Intact Financial Corp.	$40.2B	2.3x	13.4x
Fairfax Financial	$38.1B	1.2x	n/a
Swiss Life	$37.6B	1.6x	n/a
Humana	$36.5B	0.3x	9.1x
Prudential	$35.7B	4.3x	10.6x
Talanx	$35.5B	0.6x	5.7x
Arch Capital Group	$35.0B	2.0x	8.6x
Sun Life Financial	$32.9B	4.8x	8.7x
Sampo	$32.0B	3.1x	13.1x
Samsung Life Insurance	$30.8B	33.8x	n/a
Loews Corporation	$30.3B	1.7x	n/a
WR Berkley	$29.5B	2.3x	10.0x
Markel Group	$26.2B	1.6x	n/a
Sompo Holdings	$25.8B	0.8x	5.9x
Cincinnati Financial	$25.3B	2.6x	n/a
New China Life Insurance	$25.3B	1.3x	4.7x
NN Group	$25.0B	1.5x	8.2x
SBI Life Insurance Co	$22.4B	2.1x	68.8x
MS&AD Insurance Group	$21.8B	0.5x	3.8x
QBE Insurance	$21.7B	1.2x	8.7x
ASR Nederland	$20.9B	2.1x	12.2x
Dai-ichi Life	$20.5B	0.3x	5.5x
Unipol	$19.7B	1.0x	n/a
HDFC Life Insurance	$18.8B	2.2x	1.7x
Fidelity National Financial	$17.5B	1.2x	n/a
PZU	$16.5B	2.0x	n/a
UnumGroup	$16.2B	1.2x	8.9x
Centene	$15.7B	0.1x	8.8x
Everest Group	$15.7B	0.9x	7.6x
Tryg	$15.7B	2.5x	14.6x
CNA Financial	$15.4B	n/a	n/a
Baloise Group	$15.4B	1.6x	n/a
Mapfre	$15.3B	0.5x	n/a
Helvetia Group	$14.8B	1.1x	n/a
ageas	$14.6B	1.6x	n/a
Suncorp Group	$14.6B	1.6x	12.5x
Admiral Group	$14.5B	2.1x	12.8x
Erie Insurance	$14.3B	3.5x	n/a
China Taiping Insurance	$14.1B	0.9x	1.7x
Gjensidige Forsikring	$13.7B	3.3x	n/a
Aegon	$13.3B	0.7x	6.9x
Globe Life	$12.9B	2.2x	7.8x
Samsung Fire & Marine Insurance	$12.8B	1.2x	5.7x
BB Seguros	$12.5B	7.1x	3.8x
KGI Financial	$12.2B	6.9x	n/a
American Financial Group	$11.9B	1.7x	n/a
Assurant	$11.8B	0.9x	7.3x
Old Republic International	$11.8B	1.3x	n/a
ICICI Lombard	$11.2B	3.4x	45.4x
iA Financial Group	$10.8B	n/a	n/a
ICICI Prudential Life	$10.5B	1.8x	64.1x
Harel Group	$10.1B	2.3x	n/a
Sanlam	$10.0B	2.5x	n/a
Primerica	$9.5B	2.9x	n/a
Kinsale Cap Group	$9.1B	5.6x	14.9x
Aviva	$9.1B	0.2x	n/a
Jackson Financial	$9.1B	1.3x	4.9x
China Re	$8.9B	0.5x	n/a
AXIS Capital	$8.9B	1.4x	n/a
Medibank Pvt	$8.7B	1.5x	17.0x
Caixa Seguridade	$8.7B	8.2x	9.9x
Discovery	$8.4B	2.8x	n/a
Phoenix Financial	$8.2B	2.8x	n/a
Sony Financial	$8.2B	n/a	n/a
Radian Group	$8.0B	6.3x	n/a
FWD Group Holdings	$7.8B	n/a	n/a
Grupo SURA	$7.7B	0.9x	4.7x
Great Eastern Life	$7.7B	n/a	n/a
Clal Insurance	$7.5B	n/a	n/a
Wuestenrot & Wuerttembergische	$7.4B	1.4x	n/a
T&D Holdings	$7.2B	0.3x	6.0x
Menora Mivtachim	$7.2B	n/a	n/a
Sunshine Insurance Group	$7.0B	0.5x	n/a
The Hanover Insurance Group	$6.8B	1.1x	8.0x
Equitable Holdings	$6.8B	0.5x	2.6x
MGIC Investment Corp.	$6.8B	5.5x	n/a
CNO Financial Group	$6.7B	1.7x	n/a
Beazley	$6.6B	1.1x	6.2x
Vienna Insurance Group	$6.6B	0.4x	n/a
Definity Financial	$6.5B	1.9x	n/a
Essent Group	$6.4B	5.1x	n/a
First American Financial	$6.4B	0.9x	12.1x
DB Insurance	$6.4B	6.6x	3.3x
Max Financial Services	$6.4B	1.4x	741.0x
OUTsurance Group	$6.3B	3.8x	n/a
Bupa Arabia	$6.2B	1.3x	n/a
Selective Insurance	$5.9B	1.2x	10.5x
RLI	$5.7B	2.8x	n/a
Porto Seguro	$5.7B	0.8x	6.7x
Lemonade	$5.7B	8.2x	-42.4x
Grupo Catalana Occidente	$5.7B	0.8x	n/a
Brookfield Wealth Solutions	$5.6B	n/a	n/a
Enact Holdings	$5.6B	4.5x	n/a
Assured Guaranty	$5.6B	6.3x	n/a
Hiscox	$5.5B	1.1x	7.3x
Brighthouse Financial	$5.4B	0.6x	3.4x
White Mountains	$5.4B	n/a	n/a
UNIQA Group	$5.3B	0.5x	n/a
Sinar Mas Multiartha	$5.1B	n/a	n/a
Company for Cooperative Insurance	$4.8B	0.9x	n/a
E-L Financial	$4.5B	n/a	n/a
F&G Annuities & Life	$4.5B	0.7x	n/a
Coface	$4.2B	2.1x	n/a
Hapvida	$4.2B	0.7x	6.0x
Mercury Insurance	$4.2B	0.7x	n/a
Alm Brand	$4.0B	2.2x	n/a
Protector Forsikring	$4.0B	2.9x	n/a
Lincoln National	$3.9B	0.2x	1.9x
Neptune Insurance Hldgs	$3.8B	n/a	n/a
Go Digit Insurance	$3.7B	3.2x	40.2x
Digit Insurance	$3.7B	3.2x	40.2x
Qualitas	$3.7B	0.9x	16.8x
MBIA	$3.7B	138.2x	n/a
Inversiones La Construcción	$3.6B	1.3x	n/a
Aspen Insurance	$3.5B	1.0x	n/a
Capital Financial	$3.5B	n/a	n/a
Palomar Holdings	$3.4B	1.7x	n/a
Star Health Insurance	$3.3B	1.6x	-78.5x
Genworth Financial	$3.3B	0.4x	n/a
Thai Life Insurance	$3.2B	1.0x	7.6x
EdelweissFin	$3.2B	n/a	n/a
National MI	$3.2B	5.3x	n/a
Japan Post Insurance	$3.2B	0.1x	2.6x
Hyundai Fire & Marine	$3.1B	0.5x	n/a
Kemper	$3.0B	0.6x	n/a
Oscar Health	$2.8B	0.2x	-21.7x
SiriusPoint	$2.7B	0.9x	n/a
Horace Mann	$2.7B	1.9x	n/a
Al-Rajhi Co	$2.6B	n/a	n/a
Santam	$2.5B	1.0x	6.7x
Stewart Title	$2.4B	0.9x	12.0x
nib Group	$2.4B	1.0x	14.0x
Vaudoise Assurances	$2.2B	n/a	n/a
Just Group	$2.0B	0.3x	n/a
Lancashire Holdings	$2.0B	0.9x	6.3x
Fidelis Insurance	$1.9B	0.5x	n/a
Skyward Specialty	$1.9B	0.9x	n/a
Adris Grupa	$1.9B	n/a	n/a
Accelerant Holdings	$1.9B	n/a	n/a
Hamilton Insurance Group	$1.8B	0.6x	2.8x
Old Mutual	$1.7B	0.5x	n/a
ProAssurance	$1.6B	1.7x	n/a
Zavarovalnica Triglav	$1.6B	0.8x	n/a
HCI Group	$1.5B	1.7x	n/a
BaoViet	$1.5B	0.9x	n/a
Trupanion	$1.5B	1.0x	21.3x
New India Assurance	$1.4B	0.3x	n/a
Hagerty	$1.4B	1.0x	8.3x
Grupo Nacional Provincial	$1.4B	0.2x	n/a
Linea Directa Aseguradora	$1.4B	1.1x	17.5x
Trisura Group	$1.3B	0.6x	n/a
Saga	$1.2B	1.3x	6.7x
Grupo Assa	$1.2B	n/a	n/a
IDI Insurance	$1.1B	n/a	n/a
Safety Insurance Group	$1.1B	0.9x	n/a
Banvida	$1.1B	n/a	n/a
Eurohold Bulgaria	$1.0B	n/a	n/a
ADNIC	$1.0B	n/a	n/a
Abacus Global Management	$989M	4.9x	8.5x
Clover Health	$983M	0.5x	37.2x
Root Inc.	$951M	0.7x	8.6x
Helia Group	$940M	4.5x	4.1x
Tiptree	$899M	n/a	n/a
Chesnara	$886M	4.1x	n/a
Nuernberger Beteiligungs	$860M	n/a	n/a
UFG Insurance	$837M	0.7x	n/a
Anadolu Hayat Emeklilik	$828M	n/a	n/a
Ategrity Specialty	$827M	n/a	n/a
International General Insurance	$800M	1.5x	n/a
Crawford	$785M	0.6x	6.3x
AMERISAFE	$722M	2.3x	n/a
AgeSA	$719M	n/a	n/a
Employers Holdings	$716M	0.8x	n/a
Donegal Group	$700M	0.8x	n/a
Momentum Group	$676M	0.9x	0.8x
Bowhead Specialty	$672M	0.9x	9.2x
Universal Insurance Holdings	$665M	0.3x	n/a
Hippo Insurance	$658M	1.5x	-26.1x
Qatar Insurance Group	$651M	0.2x	n/a
REVO Insurance	$566M	1.3x	1.3x
Investors Title	$507M	n/a	n/a
weSure	$490M	n/a	n/a
James River Group	$481M	0.8x	7.1x
American Coastal	$472M	0.7x	n/a
Ray Sigorta	$449M	n/a	n/a
Kingsway Financial Servs	$438M	n/a	n/a
Heritage Insurance	$435M	0.5x	n/a
Phoenix Group plc	$411M	0.1x	n/a
Waterdrop	$385M	0.8x	6.9x
Sabre Insurance Group	$363M	1.3x	5.7x
Ambac Financial Group	$327M	4.8x	15.6x
Citizens	$266M	1.1x	n/a
Dunav Osiguranje	$262M	n/a	n/a
Anadolu Anonim	$250M	0.1x	n/a
Nodak Insurance	$249M	n/a	n/a
American Integrity	$240M	0.3x	n/a
Helios Underwriting	$208M	4.4x	n/a
Kingstone Companies	$193M	0.7x	n/a
Firstcaution	$175M	n/a	n/a
Ste Assurances Multirisques Ittihad SA	$163M	n/a	n/a
Bahrain National Holding	$157M	n/a	n/a
Solid	$116M	1.0x	n/a
Atlantic Insurance Co	$96.5M	n/a	n/a
Interlife Gen Insurance	$95.9M	n/a	n/a
CIG Pannonia Life	$94.5M	n/a	n/a
Aksigorta	$83.0M	n/a	n/a
Insurance Australia Group	$43.4M	0.0x	0.0x
OEKOWORLD	$19.6M	n/a	n/a
Nord Insuretech Group	$13.7M	n/a	n/a
RheinLand Holding	$13.1M	n/a	n/a
Migdal Group	-$3.7B	n/a	n/a
SDIC Capital	-$8.8B	n/a	n/a
Challenger	-$11.6B	-18.0x	-26.4x