Insurance (property/casualty)

Article Abstract:

There was a short-lived rally in property and casualty insurance industry stocks in April and May 1999 due to good earnings by Chubb Corp and the rotation into value stocks out of growth stocks. Market share rather than profitability is being pursued by many companies in this industry and many insurers have also been active with mergers and acquisitions. The high cost of capital and excess capacity in the industry may prove to be barriers to higher profit margins for these stocks in the foreseeable future.

User Contributions:

Comment about this article or add new information about this topic:

Public Comment:  (50-4000 characters)

Name:

E-mail:

Type the code shown:

Show my email publicly:

Insurance (property/casualty)

Article Abstract:

Stocks of the property and casualty insurance industry have suffered from a bear market in the 3rd qtr of 1999 due to poor earnings, losses in the industry's investment portfolio, and other factors. Book values and reserve issues are two topics that the industry needs to address in order to assure profitability in the future. Poor margins and lack of earnings make these stocks poor choices for investors in 1999.

User Contributions:

Comment about this article or add new information about this topic:

Public Comment:  (50-4000 characters)

Name:

E-mail:

Type the code shown:

Show my email publicly:

• Abstracts: Insurance (property/casualty)
• Abstracts: Cable TV industry. part 2
• Abstracts: Steel (general) industry. part 2