Published on 29 Apr 2024 on Insider Monkey via Yahoo Finance
17 Best Insurance Dividend Stocks To Invest In Right Now
In this article, we will take a detailed look at the 17 Best Insurance Dividend Stocks To Invest In Right Now. For a quick overview of such stocks, read our article 5 Best Insurance Dividend Stocks To Invest In Right Now.
The insurance industry started off 2024 on a positive note, driven by huge gains in profits on the back of rising rates. Last year brought devastating losses for many insurance companies because of massive hurricanes and storms in the US. Many insurers kept taking it on the chin because of low premiums since applications for bump in rates take a lot of time for approvals. A Wall Street Journal report earlier this year quoted Paul Newsome, an insurance analyst at Piper Sandler, who said that home and auto insurance after the end of pandemic lockdowns were “underpriced” with insurance companies having to pay a lot more than their premiums. But later, many insurers won regulatory approvals to boost their insurance rates significantly in several states.
Performance of Insurance Stocks in 2024