Insurance industry to outperform earnings estimates in Q3, driven by improved pricing and digitalization

From Nasdaq: 2024-10-25 12:24:00

The Finance sector’s third-quarter 2024 earnings are expected to rise by 10%, with revenues estimated to increase by 5.9%. The Insurance industry within the sector may see improved pricing, exposure growth, digitalization, and favorable interest rates, despite potential cat losses impacting profitability. Five insurers, including Berkshire Hathaway and MetLife, are predicted to outperform earnings estimates in Q3. Earnings are affected by underwriting results, catastrophe losses such as Hurricane Helene, and global commercial pricing trends. Auto premiums may increase due to global travel, while life insurers’ focus on protection products and investment income are expected to support sales. Berkshire Hathaway, MetLife, Lincoln National, Willis Towers Watson, and Aflac are highlighted as potential Q3 outperformers due to various factors contributing to their expected earnings growth.



Read more at Nasdaq:: 5 Insurers Poised to Outperform Estimates This Earnings Season