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	$1.11T	3.0x	n/a
Ping An Insurance	$174B	1.2x	n/a
AXA	$158B	1.2x	12.2x
Allianz	$155B	0.7x	8.0x
Progressive	$151B	1.9x	11.5x
Chubb	$127B	2.4x	10.9x
China Life Insurance	$127B	1.8x	11.1x
Zurich Insurance Group	$108B	1.7x	22.8x
Cigna Group	$101B	0.4x	8.2x
AIA Group	$97.3B	4.9x	12.0x
Generali	$90.9B	0.8x	10.1x
Elevance Health	$84.0B	0.4x	7.6x
Tokio Marine Holdings	$72.0B	1.2x	7.5x
Travelers	$67.4B	1.5x	11.2x
MetLife	$67.1B	0.9x	7.4x
Aflac	$60.7B	3.3x	12.5x
Allstate	$60.6B	1.0x	8.7x
Life Insurance Corporation of India	$60.1B	0.6x	n/a
Prudential Financial	$59.9B	1.0x	7.4x
AIG	$54.2B	2.0x	11.9x
Fubon Financial	$52.9B	4.6x	n/a
People's Insurance Co.	$51.7B	0.6x	6.4x
Manulife	$49.8B	2.4x	9.9x
Fairfax Financial	$46.0B	1.3x	n/a
PICC Property & Casualty	$45.6B	0.7x	6.8x
Cathay Financial Holdings	$44.9B	3.4x	n/a
Intact Financial Corp.	$44.7B	2.5x	16.6x
China Pacific Insurance	$41.1B	0.7x	6.6x
Power Corporation of Canada	$39.7B	3.0x	n/a
The Hartford	$39.5B	1.4x	10.2x
Talanx	$37.9B	0.6x	6.2x
Great-West Lifeco	$37.3B	11.9x	n/a
Sun Life Financial	$35.9B	3.6x	9.3x
Arch Capital Group	$35.7B	2.1x	9.7x
Humana	$35.7B	0.3x	9.0x
Swiss Life	$35.2B	2.0x	n/a
Prudential	$34.5B	4.1x	10.5x
Sampo	$31.4B	3.0x	15.9x
Samsung Life Insurance	$28.9B	30.8x	n/a
Loews Corporation	$27.8B	1.6x	n/a
WR Berkley	$27.3B	2.3x	9.6x
Markel Group	$26.6B	1.9x	n/a
Sompo Holdings	$25.4B	0.7x	6.4x
QBE Insurance	$24.2B	1.3x	10.4x
Dai-ichi Life	$23.7B	0.3x	5.5x
NN Group	$23.7B	1.4x	7.7x
Cincinnati Financial	$23.4B	2.5x	n/a
New China Life Insurance	$22.4B	1.2x	4.9x
MS&AD Insurance Group	$21.9B	0.5x	3.5x
ASR Nederland	$21.9B	2.2x	13.0x
SBI Life Insurance	$20.7B	2.0x	63.0x
HDFC Life Insurance	$18.9B	2.2x	1.9x
Unipol	$18.6B	1.0x	n/a
Erie Insurance	$18.3B	4.6x	n/a
UnumGroup	$17.8B	1.4x	9.2x
PZU	$16.7B	2.0x	n/a
Tryg	$16.2B	2.6x	15.4x
Everest Group	$16.2B	0.9x	8.7x
ageas	$16.1B	1.7x	n/a
Equitable Holdings	$16.0B	1.1x	5.4x
Suncorp Group	$15.6B	1.7x	12.4x
Fidelity National Financial	$15.6B	1.1x	n/a
Admiral Group	$15.1B	1.8x	15.1x
Baloise Group	$15.1B	1.4x	n/a
Centene	$14.9B	0.1x	3.4x
Insurance Australia Group	$14.5B	1.3x	9.9x
CNA Financial	$14.5B	n/a	n/a
Helvetia Group	$14.4B	1.2x	n/a
Gjensidige Forsikring	$14.1B	3.5x	n/a
Mapfre	$13.6B	0.4x	n/a
KGI Financial	$13.3B	5.0x	n/a
Aegon	$13.1B	0.8x	7.1x
Samsung Fire & Marine Insurance	$12.8B	1.1x	5.3x
Globe Life	$12.6B	2.1x	8.1x
Brookfield Wealth Solutions	$12.6B	n/a	n/a
BB Seguros	$12.3B	7.1x	3.9x
China Taiping Insurance	$12.2B	0.8x	1.5x
Shin Kong Financial	$11.2B	5.8x	n/a
Kinsale Cap Group	$11.2B	7.4x	21.1x
ICICI Lombard	$11.1B	3.3x	47.1x
ICICI Prudential Life	$11.0B	1.9x	67.7x
American Financial Group	$10.8B	1.5x	n/a
Old Republic International	$10.4B	1.2x	n/a
Primerica	$10.2B	3.3x	n/a
Assurant	$9.9B	0.8x	6.4x
Sanlam	$9.7B	2.5x	n/a
iA Financial Group	$9.7B	n/a	n/a
Medibank	$8.9B	1.6x	16.6x
Lincoln National	$8.5B	0.5x	4.3x
Discovery	$8.4B	3.2x	10.9x
Jackson Financial	$8.3B	1.5x	4.6x
China Re	$8.2B	0.5x	n/a
Caixa Seguridade	$7.7B	7.7x	9.2x
T&D Holdings	$7.4B	0.3x	6.1x
Beazley	$7.4B	1.1x	6.7x
Sunshine Insurance Group	$7.2B	0.7x	n/a
CNO Financial Group	$7.2B	2.0x	n/a
Definity Financial	$7.0B	2.0x	n/a
AXIS Capital	$6.9B	1.1x	n/a
Radian Group	$6.9B	5.4x	n/a
DB Insurance	$6.8B	5.8x	3.0x
Vienna Insurance Group	$6.7B	0.4x	n/a
OUTsurance Group	$6.7B	6.1x	17.9x
Bupa Arabia	$6.5B	1.3x	n/a
Selective Insurance	$6.5B	1.3x	13.7x
MGIC Investment Corp.	$6.4B	5.3x	n/a
The Hanover Insurance Group	$6.4B	1.0x	9.4x
Wuestenrot & Wuerttembergische	$6.3B	1.2x	n/a
Sinar Mas Multiartha	$6.3B	n/a	n/a
First American Financial	$6.2B	0.9x	11.7x
Max Financial Services	$6.2B	1.3x	723.4x
Essent Group	$5.9B	4.7x	n/a
Porto Seguro	$5.8B	0.9x	6.4x
Grupo Catalana Occidente	$5.8B	0.8x	n/a
Grupo SURA	$5.7B	0.6x	3.0x
Menora Mivtachim	$5.6B	n/a	n/a
Assured Guaranty	$5.6B	6.5x	n/a
Hiscox	$5.4B	1.1x	7.8x
Great Eastern Life	$5.4B	n/a	n/a
Phoenix Financial	$5.4B	2.0x	n/a
UNIQA Group	$5.4B	0.6x	n/a
Enact Holdings	$5.3B	4.4x	n/a
Company for Cooperative Insurance	$5.3B	0.9x	n/a
Brighthouse Financial	$5.3B	0.6x	3.1x
White Mountains	$5.0B	n/a	n/a
Kemper	$4.8B	1.0x	n/a
Coface	$4.5B	2.1x	n/a
Protector Forsikring	$4.4B	3.4x	n/a
E-L Financial	$4.3B	n/a	n/a
Alm Brand	$4.3B	2.4x	n/a
Hapvida	$4.3B	0.8x	6.0x
Aviva	$4.1B	0.1x	n/a
Harel Group	$3.9B	1.0x	n/a
Qualitas	$3.9B	1.0x	16.6x
Digit Insurance	$3.8B	3.3x	39.4x
Palomar Holdings	$3.7B	2.1x	n/a
Thai Life Insurance	$3.5B	1.2x	8.2x
Inversiones La Construcción	$3.5B	1.1x	n/a
EdelweissFin	$3.4B	n/a	n/a
Hyundai Fire & Marine	$3.4B	0.4x	n/a
National MI	$3.3B	5.6x	n/a
Capital Financial	$3.3B	n/a	n/a
Al-Rajhi Co	$3.1B	n/a	n/a
F&G Annuities & Life	$3.1B	0.4x	n/a
Mercury Insurance	$3.1B	0.6x	n/a
Star Health Insurance	$3.0B	1.5x	-55.9x
Lemonade	$2.9B	4.6x	-20.0x
Genworth Financial	$2.7B	0.4x	n/a
Santam	$2.6B	2.4x	7.2x
nib Group	$2.4B	1.1x	14.2x
SiriusPoint	$2.3B	0.8x	n/a
Old Mutual	$2.3B	0.6x	n/a
Horace Mann	$2.2B	1.6x	n/a
Skyward Specialty	$2.2B	1.2x	n/a
Vaudoise Assurances	$2.2B	n/a	n/a
Clal Insurance	$2.2B	n/a	n/a
Adris Grupa	$2.1B	n/a	n/a
Stewart Title	$2.0B	0.8x	10.0x
Trupanion	$2.0B	1.5x	39.7x
Lancashire Holdings	$1.8B	0.8x	6.0x
Linea Directa Aseguradora	$1.7B	1.3x	21.5x
ProAssurance	$1.6B	1.7x	n/a
Zavarovalnica Triglav	$1.6B	0.8x	n/a
Root Inc.	$1.6B	1.2x	14.8x
BaoViet	$1.6B	0.9x	n/a
New India Assurance	$1.5B	0.3x	n/a
Oscar Health	$1.5B	0.1x	7.6x
Hamilton Insurance Group	$1.5B	0.6x	2.7x
Fidelis Insurance	$1.5B	0.4x	n/a
Trisura Group	$1.5B	0.6x	n/a
Grupo Nacional Provincial	$1.3B	0.2x	n/a
Qatar Insurance Group	$1.3B	0.5x	n/a
Clover Health	$1.2B	0.7x	18.8x
HCI Group	$1.1B	1.3x	n/a
Eurohold Bulgaria	$1.1B	n/a	n/a
Safety Insurance Group	$1.1B	0.9x	n/a
Grupo Assa	$1.1B	n/a	n/a
Saga	$1.0B	1.0x	6.1x
Employers Holdings	$1.0B	1.2x	n/a
Bowhead Specialty	$1.0B	1.4x	15.9x
Tiptree	$985M	n/a	n/a
Helia Group	$978M	5.5x	4.7x
International General Insurance	$970M	1.8x	n/a
Hagerty	$964M	0.7x	6.8x
ADNIC	$961M	n/a	n/a
Phoenix Group plc	$942M	0.1x	n/a
Momentum Group	$936M	n/a	n/a
Banvida	$934M	n/a	n/a
Abacus Global Management	$817M	5.3x	9.6x
AMERISAFE	$816M	2.7x	n/a
Just Group	$803M	0.1x	n/a
Anadolu Hayat Emeklilik	$793M	n/a	n/a
Crawford	$792M	0.6x	6.6x
Chesnara	$725M	3.2x	n/a
Donegal Group	$620M	0.7x	n/a
UFG Insurance	$614M	0.5x	n/a
Anadolu Anonim	$587M	0.3x	n/a
AgeSA	$562M	n/a	n/a
Hippo Insurance	$533M	1.2x	-13.0x
REVO Insurance	$527M	1.3x	1.3x
American Coastal	$507M	0.8x	n/a
Ambac Financial Group	$505M	5.1x	14.2x
Sabre Insurance Group	$463M	1.5x	6.4x
James River Group	$441M	0.7x	17.5x
Universal Insurance Holdings	$413M	0.2x	n/a
Global Indemnity Group	$385M	1.0x	6.8x
Investors Title	$363M	n/a	n/a
Heritage Insurance	$359M	0.4x	n/a
Waterdrop	$343M	0.8x	8.7x
weSure	$338M	n/a	n/a
Vida Security	$279M	n/a	n/a
Nodak Insurance	$215M	n/a	n/a
Citizens	$160M	0.6x	n/a
Bahrain National Holding	$159M	n/a	n/a
Firstcaution	$149M	n/a	n/a
Solid	$124M	1.1x	n/a
Atlantic Insurance Co	$111M	n/a	n/a
CIG Pannonia Life	$96.5M	n/a	n/a
Aksigorta	$91.2M	n/a	n/a
OEKOWORLD	$82.7M	n/a	n/a
Interlife Gen Insurance	$77.6M	n/a	n/a
Nuernberger Beteiligungs	$49.1M	n/a	n/a
RheinLand Holding	$24.2M	n/a	n/a
Nord Insuretech Group	$8.6M	n/a	n/a
Japan Post Insurance	-$1.3B	-0.0x	n/a
Migdal Group	-$2.5B	n/a	n/a
SDIC Capital	-$5.6B	n/a	n/a
Challenger	-$6.7B	-10.5x	-15.1x