Jul 18
What The Stock Market Says About the Insurance Industry
With many insurance companies waiting to announce their profits for one quarter until the next quarter is more than halfway over, it’s often difficult to accurately analyze the insurance industry’s financial stability.
However, based on some of the numbers available, here are a few hints about the financial workings of some insurance industry players.
Surprise Earners
Forecasters make predictions about the stock market much like the weather and often the results are just as reliable. A few companies who out-earned their forecasted estimates include: CNA Financial Corporation, James River, Ohio Casualty, American Financial Group, American Safety, Navigators Group, and Hanover Group. Fewer claims and higher premiums may be the cause.
Mortgage Insurance
Earnings aren’t so good in this sector. Claims are up across the country, which is a good indicator as to where mortgage premiums are heading: up and up and up.
Life Insurance
Higher death claims hurt profits in the life insurance industry, too. Will premiums rise in this arena as well?
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