The economic stress and market disruption from the COVID-19 pandemic in early March weighed heavily on property & casualty insurance company investment portfolios, but they have since recovered. However, moving forward in a time of less certainty will require bold and innovative thinking. Most are already skilled in the disciplines needed for success, but sober analysis, critical thinking, and carefully measured actions of another "P&C" sort – patience and caution – may also be valuable in preparing portfolios for the post-pandemic environment.