PGIM, which distributes Prudential Financial’s (PRU) retail products, has introduced the PGIM Ultra-Short Bond ETF, an actively managed fund focusing on capital appreciation and income generation.
AIG’s Canadian business unit, AIG Canada, announced on February 13, 2018, that it had made the list of Canada’s Top 100 Employers of the younger generation.
In January 2018, Tom Bolt will become AIG’s chief underwriting officer. Bolt has more than 30 years of experience in the reinsurance and insurance industry.
American International Group’s (AIG) Liability and Financial Lines business saw a decline in net premiums earned to $6.5 billion in 9M17 from $8.1 billion in 9M16, reflecting a 20.0% fall.
American International Group (AIG) is expected to announce its earnings for 3Q17 on November 2, 2017. Wall Street analysts have provided a high estimate of $0.90 for AIG’s 3Q17 EPS.
Lincoln National is covered by 14 analysts, of which four have rated the stock a “strong buy,” three have given a “buy” rating, and seven have given a “hold.”
Chubb’s one-year forward PE ratio stands at 13.15x, compared with the peer average of 12.09x, which means that Chubb is trading at a premium valuation.
ACE stock returned ~15% to investors over the past three months. It focuses on serving retail and corporate clients in insurance and reinsurance products.
American Financial Group (AFG) has outperformed most of its ETFs based on price movement and PE ratio. The PE ratios of AFG, KBWP, KIE, and XMLV are 16.1x, 11.0x, 12.5x, and 20.2x, respectively.
After its 3Q15 earnings report, which included a 55.3% drop in net income, American Financial Group (AFG) fell by 0.59% to close at $72.27 per share on November 3, 2015.
Hartford (HIG) reported core earnings of its mutual funds division at $22 million in 3Q15, similar to the prior year’s corresponding quarterly earnings.
Hartford Financial Services Group (HIG) reported its 3Q15 earnings on October 26. With operating income per share of $0.86, the company missed Wall Street analysts’ estimates.
Progressive Corporation (PGR) reported its second-quarter earnings on July 17. The firm reported net income of $363 million and revenues of $5.25 billion, up by 13.4% over 2Q14.
The combined entity will become the world’s number one property and casualty insurance company by underwriting income, with total underwriting income of $3.3 billion.
The underwriting cycle moves between hard and soft market conditions, which have different sets of characteristics that determine the profitability of the insurance industry.
The property and casualty insurance business is cyclical in nature. The underwriting cycle alternates between two phases: the hard market and the soft market.
As customers use Internet-based aggregators to purchase insurance policies, insurers use online sales to interact directly with customers and reduce costs.
An underwriting loss is not unusual for an insurance company. In a soft pricing environment, pricing of P&C products is low due to intense competition.
