|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||88.81 - 89.30|
|52 Week Range||73.09 - 92.40|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
While it's still too early to know exactly how Hurricane Maria will affect the mainland U.S., (and our thoughts go out to the Caribbean) Credit Suisse's Ryan Tunis and Crystal Lu take a look at what this latest storm in a string of powerful storms may mean for insurers. While Texas is still recovering from Hurricane Harvey and parts of Florida deal with Irma (which spared Miami a direct blow, at least), Tunis and Lu write that Maria probably won't be the last overhang for the property and casualty insurers. The stocks may look cheap, as they are discounting impacts to book value that are worse than what Tunis and Lu expect from Harvey and Irma, but--and this may be easy to forget given the recent weather--we're only halfway through hurricane season at the moment: For both the primary and the reinsurers, there is also the reality that the “next” hit poses more potential balance sheet risk (all things being equal) than the last, because in some cases reinsurance layers may have been depleted.
MetLife (MET), the holding corporation for the Metropolitan Life Insurance Company, saw its revenue fall 9% in 2016 and 5% in 2015. The fall was driven by universal life and investment-type…
Insurance ETFs have rebounded and are rising this week after damage from Irma appears less than feared.