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	$236B	1.6x	n/a
Allianz	$175B	0.8x	8.5x
China Life Insurance Co	$171B	1.9x	n/a
China Life Insurance	$170B	1.9x	n/a
AXA	$161B	1.2x	n/a
Chubb	$149B	2.7x	11.6x
AIA Group	$127B	6.0x	n/a
Progressive	$125B	1.5x	8.4x
Zurich Insurance Group	$113B	1.8x	n/a
Cigna Group	$102B	0.4x	8.0x
Generali	$99.5B	0.9x	10.7x
Elevance Health	$98.2B	0.5x	9.7x
Travelers	$72.8B	1.6x	9.7x
MetLife	$68.1B	0.8x	7.6x
Tokio Marine Holdings	$66.7B	1.2x	7.5x
Aflac	$66.1B	3.7x	12.4x
Allstate	$62.0B	1.1x	5.4x
Manulife	$59.2B	2.3x	14.8x
Prudential Financial	$59.0B	1.0x	6.8x
People's Insurance Co.	$56.9B	0.6x	n/a
People's Insurance Co	$56.6B	0.6x	n/a
Fubon Financial	$55.6B	5.5x	n/a
China Pacific Insurance	$54.7B	0.9x	n/a
Life Insurance Corporation of India	$51.5B	0.5x	n/a
Cathay Financial Holdings	$49.1B	4.2x	n/a
AIG	$48.9B	1.8x	9.7x
PICC Property & Casualty	$45.7B	0.6x	n/a
Power Corporation of Canada	$43.9B	3.2x	n/a
The Hartford	$43.6B	1.5x	9.7x
Great-West Lifeco	$42.4B	13.6x	n/a
Prudential	$41.7B	6.6x	12.1x
Fairfax Financial	$41.6B	1.3x	n/a
Swiss Life	$38.6B	1.4x	n/a
Arch Capital Group	$38.4B	2.1x	9.4x
Intact Financial Corp.	$37.5B	2.1x	11.8x
Samsung Life Insurance	$36.5B	44.4x	n/a
Talanx	$36.4B	0.6x	5.7x
Sun Life Financial	$36.1B	5.6x	9.3x
MS&AD Insurance Group	$31.7B	0.7x	5.3x
Sampo	$31.6B	3.0x	12.2x
New China Life Insurance	$31.5B	1.4x	n/a
Loews Corporation	$31.5B	n/a	n/a
Humana	$30.3B	0.2x	7.5x
Sompo Holdings	$29.0B	0.8x	6.5x
NN Group	$27.7B	5.5x	n/a
Dai-ichi Life	$27.4B	0.4x	6.9x
WR Berkley	$26.9B	2.1x	9.0x
Markel Group	$26.1B	1.6x	n/a
Cincinnati Financial	$25.0B	2.5x	n/a
ASR Nederland	$22.4B	3.0x	n/a
QBE Insurance	$22.3B	1.1x	8.3x
SBI Life Insurance Co	$22.1B	2.1x	69.3x
PZU	$21.6B	2.5x	n/a
Unipol	$20.5B	1.0x	n/a
Centene	$18.5B	0.1x	16.5x
HDFC Life Insurance	$17.3B	2.0x	1.5x
China Taiping Insurance	$17.0B	1.2x	2.1x
CNA Financial	$16.4B	n/a	n/a
Fidelity National Financial	$16.4B	1.2x	n/a
UnumGroup	$16.3B	1.2x	9.7x
ageas	$16.1B	1.6x	n/a
Everest Group	$15.9B	0.9x	7.4x
Mapfre	$15.6B	0.5x	19.0x
Tryg	$15.1B	2.4x	13.6x
Erie Insurance	$14.5B	3.5x	n/a
Gjensidige Forsikring	$14.2B	3.2x	n/a
Insurance Australia Group	$14.1B	1.1x	9.8x
BB Seguros	$14.1B	7.3x	4.1x
Globe Life	$13.9B	2.3x	8.3x
KGI Financial	$13.8B	10.0x	n/a
Aegon	$13.3B	0.7x	n/a
Samsung Fire & Marine Insurance	$13.3B	1.2x	5.9x
Suncorp Group	$13.3B	1.4x	11.6x
Admiral Group	$12.9B	1.8x	9.7x
Assurant	$12.6B	1.0x	7.8x
Sanlam	$12.5B	6.5x	n/a
iA Financial Group	$11.6B	5.3x	n/a
Old Republic International	$11.4B	1.3x	n/a
ICICI Prudential Life	$10.7B	1.9x	66.4x
American Financial Group	$10.6B	1.5x	n/a
Sony Financial	$10.6B	n/a	n/a
Caixa Seguridade	$10.4B	9.5x	11.3x
Vienna Insurance Group	$10.2B	0.6x	n/a
T&D Holdings	$10.1B	0.5x	9.1x
ICICI Lombard	$10.0B	3.1x	44.2x
Primerica	$9.9B	3.0x	n/a
Discovery	$9.9B	3.1x	n/a
Jackson Financial	$9.6B	1.3x	n/a
Kinsale Cap Group	$9.5B	5.8x	15.5x
Menora Mivtachim	$9.4B	n/a	n/a
AXIS Capital	$9.3B	1.5x	n/a
China Re	$9.3B	n/a	n/a
Clal Insurance	$9.1B	n/a	n/a
Beazley	$9.0B	1.5x	8.4x
Medibank Pvt	$8.5B	1.4x	15.4x
Phoenix Financial	$8.2B	2.6x	n/a
Great Eastern Life	$8.2B	n/a	n/a
Equitable Holdings	$8.0B	0.5x	3.1x
Aviva	$8.0B	0.1x	n/a
Wuestenrot & Wuerttembergische	$7.7B	1.5x	n/a
Sunshine Insurance Group	$7.7B	0.8x	n/a
Grupo SURA	$7.5B	0.9x	5.0x
FWD Group Holdings	$7.3B	0.9x	n/a
Harel Group	$7.1B	1.6x	n/a
DB Insurance	$7.1B	8.9x	4.6x
OUTsurance Group	$6.9B	3.1x	n/a
CNO Financial Group	$6.9B	1.8x	n/a
UNIQA Group	$6.7B	0.8x	n/a
Essent Group	$6.6B	5.2x	n/a
Max Financial Services	$6.6B	1.4x	777.3x
The Hanover Insurance Group	$6.6B	1.0x	7.4x
Enact Holdings	$6.5B	5.2x	n/a
First American Financial	$6.5B	0.9x	n/a
Bupa Arabia	$6.5B	1.3x	n/a
Selective Insurance	$6.5B	1.3x	10.8x
Definity Financial	$6.4B	2.1x	n/a
Hiscox	$6.1B	1.2x	7.9x
Porto Seguro	$6.1B	0.9x	n/a
MGIC Investment Corp.	$6.0B	4.9x	n/a
Radian Group	$5.7B	4.6x	n/a
RLI	$5.7B	2.8x	n/a
White Mountains	$5.6B	n/a	n/a
Assured Guaranty	$5.6B	6.0x	n/a
Lemonade	$5.3B	7.4x	-41.0x
Company for Cooperative Insurance	$5.0B	0.8x	n/a
Sinar Mas Multiartha	$5.0B	n/a	n/a
E-L Financial	$4.7B	n/a	n/a
Inversiones La Construcción	$4.7B	1.4x	n/a
Brighthouse Financial	$4.5B	0.5x	1.9x
Protector Forsikring	$4.5B	3.2x	n/a
Capital Financial	$4.5B	n/a	n/a
Coface	$4.5B	2.2x	n/a
Mercury Insurance	$4.4B	0.8x	n/a
Thai Life Insurance	$4.2B	1.2x	9.6x
Alm Brand	$3.9B	2.1x	n/a
Neptune Insurance Hldgs	$3.9B	25.4x	42.2x
F&G Annuities & Life	$3.9B	0.7x	n/a
Lincoln National	$3.8B	0.2x	1.8x
Japan Post Insurance	$3.6B	0.1x	3.7x
MBIA	$3.6B	144.8x	n/a
Brookfield Wealth Solutions	$3.6B	n/a	n/a
Qualitas	$3.5B	0.8x	19.5x
Aspen Insurance	$3.5B	1.0x	n/a
National MI	$3.4B	5.6x	n/a
EdelweissFin	$3.3B	n/a	n/a
Go Digit Insurance	$3.2B	2.9x	36.0x
Digit Insurance	$3.2B	2.9x	36.0x
Palomar Holdings	$3.2B	1.6x	n/a
Hyundai Fire & Marine	$3.1B	0.6x	n/a
Kemper	$3.1B	0.6x	n/a
Star Health Insurance	$3.0B	1.5x	-74.7x
Genworth Financial	$2.9B	n/a	n/a
Santam	$2.8B	1.0x	n/a
SiriusPoint	$2.7B	1.0x	n/a
Vaudoise Assurances	$2.6B	n/a	n/a
Hapvida	$2.6B	0.4x	4.0x
Horace Mann	$2.6B	1.8x	n/a
Stewart Title	$2.5B	0.9x	n/a
Old Mutual	$2.5B	0.7x	n/a
Oscar Health	$2.3B	0.2x	-12.4x
nib Group	$2.3B	0.9x	12.9x
BaoViet	$2.2B	1.3x	n/a
Adris Grupa	$2.2B	n/a	n/a
Just Group	$2.1B	n/a	n/a
Hamilton Insurance Group	$2.1B	0.7x	3.3x
Al-Rajhi Co	$2.0B	n/a	n/a
Fidelis Insurance	$2.0B	0.6x	n/a
Skyward Specialty	$1.9B	0.9x	n/a
Lancashire Holdings	$1.9B	0.9x	5.9x
Zavarovalnica Triglav	$1.9B	0.8x	n/a
Saga	$1.8B	2.0x	10.2x
ProAssurance	$1.6B	1.8x	n/a
Canara HSBC Life	$1.5B	n/a	n/a
Banvida	$1.5B	n/a	n/a
Grupo Nacional Provincial	$1.5B	0.2x	n/a
Linea Directa Aseguradora	$1.4B	1.1x	17.6x
Trisura Group	$1.4B	0.6x	n/a
Phoenix Group plc	$1.4B	n/a	n/a
IDI Insurance	$1.3B	n/a	n/a
Hagerty	$1.3B	0.9x	7.5x
Grupo Assa	$1.3B	n/a	n/a
Trupanion	$1.2B	0.8x	16.3x
Safety Insurance Group	$1.2B	n/a	n/a
ADNIC	$1.1B	n/a	n/a
Accelerant Holdings	$1.1B	1.2x	4.2x
Momentum Group	$1.1B	n/a	n/a
HCI Group	$1.1B	1.2x	n/a
Helia Group	$1.0B	4.3x	4.0x
Anadolu Hayat Emeklilik	$1.0B	2.2x	n/a
Chesnara	$1.0B	n/a	n/a
Eurohold Bulgaria	$998M	n/a	n/a
Qatar Insurance Group	$997M	0.4x	n/a
New India Assurance	$993M	0.2x	n/a
International General Insurance	$903M	n/a	n/a
Nuernberger Beteiligungs	$871M	n/a	n/a
Employers Holdings	$858M	0.9x	n/a
UFG Insurance	$852M	0.7x	n/a
AgeSA	$846M	1.5x	n/a
Ategrity Specialty	$844M	2.0x	n/a
Tiptree	$844M	n/a	n/a
REVO Insurance	$798M	1.7x	1.7x
Crawford	$770M	0.6x	6.2x
Clover Health	$758M	0.4x	38.5x
AMERISAFE	$686M	2.2x	n/a
weSure	$679M	n/a	n/a
Donegal Group	$674M	0.7x	n/a
Bowhead Specialty	$636M	0.8x	8.3x
Universal Insurance Holdings	$572M	0.3x	n/a
Hippo Insurance	$560M	1.2x	-44.1x
James River Group	$534M	0.9x	7.9x
Root Inc.	$507M	0.3x	4.3x
Investors Title	$500M	n/a	n/a
Anadolu Anonim	$498M	0.2x	n/a
Kingsway Financial Servs	$463M	n/a	n/a
Waterdrop	$444M	0.9x	7.9x
American Coastal	$430M	0.7x	n/a
Sabre Insurance Group	$385M	1.4x	5.8x
Ray Sigorta	$364M	n/a	n/a
Heritage Insurance	$362M	0.4x	n/a
Dunav Osiguranje	$298M	n/a	n/a
Citizens	$272M	1.1x	n/a
Nodak Insurance	$254M	n/a	n/a
American Integrity	$216M	0.2x	n/a
Kingstone Companies	$213M	0.8x	n/a
Helios Underwriting	$207M	n/a	n/a
Ste Assurances Multirisques Ittihad SA	$166M	n/a	n/a
Solid	$155M	1.3x	n/a
Aksigorta	$141M	n/a	n/a
Atlantic Insurance Co	$109M	n/a	n/a
Interlife Gen Insurance	$106M	n/a	n/a
Bahrain National Holding	$103M	n/a	n/a
CIG Pannonia Life	$99.7M	n/a	n/a
Firstcaution	$90.5M	n/a	n/a
OEKOWORLD	$23.9M	n/a	n/a
Nord Insuretech Group	$23.7M	n/a	n/a
RheinLand Holding	$18.9M	n/a	n/a
Migdal Group	-$3.2B	n/a	n/a
SDIC Capital	-$9.2B	-4.1x	n/a
Challenger	-$12.3B	-17.8x	-26.0x