| 1 | Arch Capital Group Ltd (ACGL) | 10/10 | 5.9x |
| 2 | Exzeo Group Inc (XZO) | 9/10 | 18.3x |
| 3 | Tryg A/S (TRYG.CO) | 9/10 | 14.1x |
| 4 | Sampo Oyj (SAMPO.HE) | 9/10 | 16.3x |
| 5 | Ray Sigorta Anonim Sirketi (RAYSG.IS) | 9/10 | 2.6x |
| 6 | OUTsurance Group Limited (OUT.JO) | 9/10 | 28.0x |
| 7 | PT Lippo General Insurance Tbk (LPGI.JK) | 9/10 | 4.0x |
| 8 | iA Financial Corporation Inc. (IAG.TO) | 9/10 | 9.4x |
| 9 | Assicurazioni Generali S.p.A. (G.MI) | 9/10 | 3.6x |
| 10 | AXA SA (CS.PA) | 9/10 | 4.2x |
| 11 | Allianz SE (ALV.DE) | 9/10 | 5.4x |
| 12 | Aksigorta A.S. (AKGRT.IS) | 9/10 | 1.2x |
| 13 | AgeSA Hayat ve Emeklilik Anonim Sirketi (AGESA.IS) | 9/10 | 4.7x |
| 14 | Vaudoise Assurances Holding SA (VAHN.SW) | 8/10 | 10.7x |
| 15 | UNIQA Insurance Group AG (UQA.VI) | 8/10 | 6.5x |
| 16 | Hartford Insurance Group Inc (HIG) | 8/10 | 6.5x |
| 17 | Liva Insurance Company (8280.SR) | 8/10 | 7.7x |
| 18 | SBI Insurance Group Co., Ltd. (7326.T) | 8/10 | 6.4x |
| 19 | Zurich Insurance Group AG (ZURN.SW) | 7/10 | 16.6x |
| 20 | Talanx AG (TLX.DE) | 7/10 | 4.0x |
| 21 | Dhipaya Group Holdings Public Company Limited (TIPH.BK) | 7/10 | 9.1x |
| 22 | Swiss Life Holding AG (SLHN.SW) | 7/10 | 16.9x |
| 23 | Sun Life Financial Inc (SLF) | 7/10 | 12.3x |
| 24 | Mapfre, S.A. (MAP.MC) | 7/10 | 9.5x |
| 25 | Interlife General Insurance Company S.A. (INLIF.AT) | 7/10 | 10.8x |
| 26 | ICICI Lombard General Insurance Company Limited (ICICIGI.NS) | 7/10 | 35.1x |
| 27 | Helvetia Baloise Holding AG (HBAN.SW) | 7/10 | 28.4x |
| 28 | Brookfield Wealth Solutions Ltd (BNT) | 7/10 | 8.1x |
| 29 | BKI Holdings Public Company Limited (BKIH.BK) | 7/10 | 18.1x |
| 30 | Vienna Insurance Group AG (VIG.VI) | 6/10 | 17.4x |
| 31 | PT Asuransi Tugu Pratama Indonesia Tbk (TUGU.JK) | 6/10 | 5.2x |
| 32 | Thai Group Holdings Public Company Limited (TGH.BK) | 6/10 | 5.7x |
| 33 | Sun Life Financial Inc. (SLF.TO) | 6/10 | 23.7x |
| 34 | NN Group N.V. (NN.AS) | 6/10 | n.d. |
| 35 | The New India Assurance Company Limited (NIACL.NS) | 6/10 | n.d. |
| 36 | NÜRNBERGER Beteiligungs-AG (NBG6.DE) | 6/10 | n.d. |
| 37 | Momentum Group Limited (MTM.JO) | 6/10 | 12.9x |
| 38 | Bao Viet Holdings (BVH.VN) | 6/10 | 9.4x |
| 39 | Bank for Investment and Development of Vietnam Insurance Joint Stock Corporation (BIC.VN) | 6/10 | 14.1x |
| 40 | PT Asuransi Dayin Mitra Tbk (ASDM.JK) | 6/10 | 16.2x |
| 41 | Anadolu Anonim Türk Sigorta Sirketi (ANSGR.IS) | 6/10 | 6.5x |
| 42 | American International Group Inc (AIG) | 6/10 | 11.8x |
| 43 | ageas SA/NV (AGS.BR) | 6/10 | 5.5x |
| 44 | Wataniya Insurance Company (8300.SR) | 6/10 | n.d. |
| 45 | Chubb Arabia Cooperative Insurance Company (8240.SR) | 6/10 | 23.5x |
| 46 | Mutakamela Insurance Company (8040.SR) | 6/10 | n.d. |
| 47 | Aplus Asset Advisor Co. Ltd (244920.KS) | 6/10 | 15.8x |
| 48 | Seoul Guarantee Insurance Company (031210.KS) | 6/10 | 9.8x |
| 49 | PT Asuransi Digital Bersama TBK (YOII.JK) | 5/9 | n.d. |
| 50 | PT Malacca Trust Wuwungan Insurance Tbk (MTWI.JK) | 5/9 | n.d. |
| 51 | PT Asuransi Bintang Tbk (ASBI.JK) | 5/9 | n.d. |
| 52 | Waterdrop Inc (WDH) | 5/10 | n.d. |
| 53 | PT Sinar Mas Multiartha Tbk (SMMA.JK) | 5/10 | n.d. |
| 54 | Fidelis Insurance Holdings Ltd (PLGO) | 5/10 | 6.7x |
| 55 | PT Equity Development Investment Tbk (GSMF.JK) | 5/10 | n.d. |
| 56 | Aviva plc (AV.L) | 5/10 | n.d. |
| 57 | ASR Nederland N.V. (ASRNL.AS) | 5/10 | n.d. |
| 58 | HORAI Co., Ltd. (9679.T) | 5/10 | n.d. |
| 59 | United Cooperative Assurance Company (8190.SR) | 5/10 | n.d. |
| 60 | Al-Etihad Cooperative Insurance Company (8170.SR) | 5/10 | n.d. |