Undervalued property-casualty insurance stocks should perform better in the near future, an investment bank predicted yesterday.
Bear Stearns property-casualty analyst David Small said the bank was upgrading the sector from Market Underweight to Market Weight based on valuation.
He noted that the p-c sector has underperformed the S&P 500 by 920 basis points since the beginning of the year “even as the industry has posted the best underwriting results in nearly 60 years and companies in the Bear Stearns P&C Insurance Index grew book value on average of 14 percent.”
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
