Property and casualty insurers appear set to enjoy a solid first quarter due to relatively benign losses and continuing rate increases in both personal and commercial lines, a new analysis suggests.
In its P&C Q1 Earnings Preview, analyst firm Keefe, Bruyette and Woods says, “Excluding some manageable losses from [February's nor'easter], the weather [in Q1] was rather benign, while commercial lines' rate increases are holding and personal lines' rate increases are modestly accelerating.”
KBW says it expects insures and brokers to largely hit consensus estimates.
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