From Nasdaq.: 2024-07-30 08:29:00

The Finance sector’s second-quarter 2024 earnings are expected to rise by 14.7%, with revenues estimated to increase by 7.2%. Insurance industry results may reflect better pricing, exposure growth, digitalization, and interest rates while cat losses could impact profitability.

Four insurers, including Arch Capital, Allstate, Prudential Financial, and Reinsurance Group of America, are predicted to outperform earnings estimates in Q2 with positive earnings ESP and favorable Zacks Rank criteria.

Underwriting results in the Finance sector are expected to benefit from pricing, exposure, retention, new business growth, and favorable reserve development, but cat losses could impact the combined ratio in the second quarter.

Auto premiums are expected to rise due to increased travel, while life insurers may see increased demand for protection products. Mortgage insurance premiums are likely to benefit from a stronger mortgage market, with investment income improving in an improved rate environment.



Read more at Nasdaq.:: 4 Insurers Set to Outshine Estimates This Earnings Season