Research

Skyward IPO on deck: One more plate for the E&S/specialty Thanksgiving table

Skyward Specialty has indicated its intent to IPO at a time when investors may be looking for good entry points, though the window of opportunity may be closing.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, November 23, 2022

Q3 statutory loss data is out: Trends reflect impact of inflation and Ian

Third-quarter statutory data reveals premium growth, worsening loss ratio because of increased loss cost trends and Hurricane Ian.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, November 22, 2022

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Lemonade Investor Day: Waiting for the Robinsons

Our Trump/Biden note from yesterday discussed the rotation from growth stocks to value stocks playing out over 2022. Unfortunately, insurance technology stocks have had it the worst, with Lemonade stock down 49%, but still doing relatively better than Root (down 86%) and Hippo (down 80%).

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, November 17, 2022

What do interest rates, crypto-winter, Trump, and insurance stock volatility have in common?

In the uncertain economic landscape, investors have shifted toward value stocks like insurance, with increasing movement around this earnings season and the election.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, November 16, 2022

Is it time to splurge on Turkey/Tofurkey on CPI report? Not so fast!

Though still significantly elevated, the CPI appears to have peaked in the short term, which may give carriers a chance to catch up on rate.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, November 14, 2022

With Nicole close, Florida companies say, 'I will survive!' (for now)

Floridians had a hard quarter, but they are fighting to regain stability after Ian.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, November 10, 2022

Regionals: Catching up to nationals in the value creation marathon

The regionals continue to find success in small and middle market business, as their pivot to a commercial focus has benefitted them.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, November 08, 2022

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Allstate vs Progressive: A tale of two cities

Progressive’s superior digital distribution and widening auto margins put it far ahead of the competition.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, November 03, 2022

Axis: Boo! Missing the biggest party of the decade

Axis’ pivot away from property reinsurance comes just as the sector reaches one of the biggest inflection points.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, November 01, 2022

Chubb Q3: A disciplined take in an uncertain environment

The commercial lines giant is continuing to execute on its long-term vision of pursuing a global balanced book of business.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, October 27, 2022

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RLI, WR Berkley: Unlike Liz Truss, these companies excel at long-term value creation

The two specialty insurers reported strong Q3 2022 earnings, continuing to outperform the commercial industry in underwriting gains and value creation.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, October 26, 2022

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Broker earnings: Early trends set the stage for an orderly super-cycle slowdown

As the super-cycle slows and the economic landscape becomes more uncertain, brokers will face pressure, though a cooling labor market may aid margins.

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala, October 24, 2022