Why These Insurance Stocks Have Fallen by Double Digits So Far in 2020
Shares of many insurance companies fell by double-digit percentages in the first six months of 2020, according to data provided by S&P Global Market Intelligence.
The pain was felt across the industry. Shares of Allstate (NYSE: ALL), which primarily sells auto and homeowners insurance, were down 13.8% in the first half of the year. Specialty insurer Markel (NYSE: MKL) saw its shares tumble 19.2%. Supplemental insurer Aflac's (NYSE: AFL) shares were clobbered, falling 31.9%, while general insurers Chubb (NYSE: CB) and MetLife (NYSE: MET) plunged 18.7% and 28.4%, respectively.
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Source Fool.com