Global investment bank Keefe, Bruyette & Woods (KBW) says P&C insurance companies may not see improvements in earnings per share or return on equity in fourth-quarter earnings, but there’s a silver lining for some companies.
According to a fourth-quarter earnings preview, KBW says the silver lining is “an improving, or at least not worsening, pricing environment.”
Though the industry is not in the midst of a full-steam-ahead hard-market moment, there is some positive movement as pressures such as losses from natural perils, low investment yields and dwindling reserve redundancies weigh on insurers.
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