2 Top Dividend Stocks in Property Insurance
The property insurance market, more commonly referred to as the property and casualty or P&C market, comprises all the major insurance services outside of health and life insurance. As you might expect, it's a huge slice of the insurance industry: The U.S. P&C market alone is estimated at $618 billion annually.
Following the financial crisis of 2008, the global P&C market has remained in slow growth mode for over a decade, with premium writing (the industry's primary source of income) averaging 2% expansion a year.
However, as emerging economies are finally picking up momentum, and major economies including the U.S. and Japan exhibit moderate growth, prospects for P&C are improving. According to a recent report by global reinsurance giant Munich Re, premium writing expansion in the global P&C industry will average 4% this year and in 2018 as well. In this article, we'll look at two top dividend-issuing P&C companies that are already thriving, while showing promise of continued success within a more vibrant industry outlook.
Source: Fool.com
Progressive Corp. Stock
The stock is one of the favorites of our community with 33 Buy predictions and 3 Sell predictions.
With a target price of 219 € there is a slightly positive potential of 10.24% for Progressive Corp. compared to the current price of 198.66 €.
