Travelers Companies Inc
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A Look at the PGIM Ultra-Short Bond ETF
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.
What Prudential’s Planning for Its Investment Management Business
Prudential’s investment management division is deploying money to expand its offerings and reach.
Underwriting profit: First leg of the profit machine
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.
How cost structures and distribution channels impact profit
As customers use Internet-based aggregators to purchase insurance policies, insurers use online sales to interact directly with customers and reduce costs.
Making sense of an insurer’s liabilities
Policyholder liabilities, or policyholder reserves, represent the future claims that may arise for the pool of policies the insurer writes.
Why PayPal Stock Opened 9.5% Higher Today
After yesterday’s Q3 earnings release, PayPal (PYPL) stock opened at $105.91, up 9.5%. PYPL stock closed at $96.64 yesterday day.
Dow Jones Ends Second Consecutive Week in Red
The DJIA (Dow Jones Industrial Average) fell over 0.9% in the week ending on October 4, 2019. It closed trading at $26,573.72.
Did Buffett Miss the Bus on Apple?
Berkshire Hathaway (BRK-B) is Apple’s second-largest shareholder.
Buffett’s Love for Banking Stocks Continued in Q4
Berkshire Hathaway is the largest shareholder in Wells Fargo (WFC), Bank of America (BAC), U.S. Bancorp (USB), and American Express (AXP).
Key Changes in Berkshire Hathaway’s Holdings in Q3
Looking at Berkshire Hathaway’s third-quarter 13F, the company added more Apple shares and added a new position in JPMorgan Chase.
How Prudential Financial’s Valuations Stack Up Compared to Peers
The price-to-book ratio of Prudential Financial (PRU) stood at 0.85x on an NTM (next-12-month) basis, which is lower than the peer average of 1.22x.
What to Expect from the Insurance Industry in 2018
Emerging markets such as China provide a great growth opportunity for property and casualty insurers.
AIG Canada Made the Top 100 Employers List
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.
How Analysts Are Rating Chubb
Chubb (CB) is tracked by 18 analysts in February 2018. One analyst has recommended a “sell” for the stock, and one has recommended a “hold.”
Understanding Chubb’s Premium Valuations
Chubb’s (CB) PE (price-to-earnings) ratio is 14.37x on an NTM (next 12-month) basis. The average for its competitors was 13.36x.
Understanding AIG’s Reshuffling and Technology Initiatives
Brian Duperreault, chief executive officer of American International Group (AIG), has taken a major step by reshuffling the company into three units.
AIG in 3Q17: What We Can Expect
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.
Weighing Chubb’s Valuation beside Those of Other Insurance Giants
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.
The Top Dividend-Growing Financial Sector Stocks
Mercury General (MCY) has consistently recorded revenue growth since fiscal 2011, except for a minor decline in fiscal 2015
How Progressive Commands Premium Valuations on Higher Margins
Progressive (PGR) reported 3Q15 earnings per share of $0.47, a 6% decrease over the third quarter of 2015.
Progressive Stock Advances on 2Q15 Earnings
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.
ACE–Chubb Combined Entity to Occupy Enviable Industry Position
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.
A Closer Look at the Costliest Catastrophes
Hurricanes Sandy, Ike, and Andrew remain near the top of the list of the costliest catastrophes in terms of insured losses.
Making Sense of Economic and Insured Losses
Insured losses are the ones that impact the profitability of insurance companies.
How Catastrophes Impact a P&C Insurer’s Combined Ratio
The percentage points for catastrophe losses in the combined ratio have increased in recent years.
Higher Premium Rates in Personal Auto and Home Insurance Lines
Auto insurance and homeowner’s insurance form two important product types of the personal lines business.
Personal Lines Rates Were Up 2% in February
The US personal lines businesses have seen improved profitability from the 2011 levels.
How Underwriting Cycles Impact the Top Line and the Bottom Line
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 Underwriting Profits of a Property and Casualty Insurer
The property and casualty insurance business is cyclical in nature. The underwriting cycle alternates between two phases: the hard market and the soft market.
MetLife is a key player in the US group insurance business
MetLife is the market leader in the Large market with ~30% of the market share, while its market share is slightly above 5% in the Middle market.
