There was some grumbling during the recent meeting I attended of the Society Of Insurance Financial Management about whether or not the industry is making too much, or too little money! It depends on your point of view, I suppose…or does it? Read on and tell me what you think.
One analyst at the meeting of CFOs and other insurer financial types echoed the complaint of many among the Wall Street crowd that insurance company return-on-equity (at least among property-casualty carriers) always falls below the S&P 500, making the sector an unattractive investment option.
Yet consumer advocates such as Bob Hunter decry the industry for profiteering, insisting insurers make far too much money off their policyholders and investment portfolios!
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