1. Insurance (property/casualty)
- Author
-
Azcue, Peter, Bischof, Christopher W., Butler, Jeremy J., Giglio, John, Herceg, Kenneth R., and Colonna, Andrew R.
- Subjects
ACE Ltd. -- Finance ,Allstate Corp. -- Finance -- 00290059 ,American Financial Corp. -- Finance -- 00306777 ,W.R. Berkley Corp. -- Finance -- 00300975 ,Capsure Holdings Corp. -- Finance -- 00306458 ,Chubb Corp. -- Finance -- 00301670 ,Cincinnati Financial Corp. -- Finance -- 00301682 ,Fremont General Corp. -- Finance -- 00303677 ,Frontier Insurance Group Inc. -- Finance -- 00290763 ,GAINSCO Inc. -- Finance -- 00321743 ,General Re Corp. -- Finance -- 00303816 ,The Hartford Steam Boiler Inspection and Insurance Co. -- Finance -- 00304191 ,The Hartford Financial Services Group Inc. -- Finance -- 00320970 ,NAC Re Corp. -- Finance -- 00321585 ,Ohio Casualty Corp. -- Finance -- 00320181 ,Old Republic International Corp. -- Finance -- 00320807 ,Orion Capital Corp. -- Finance -- 00306598 ,The Progressive Corp. -- Finance -- 00307108 ,SAFECO Corp. -- Finance -- 00307553 ,St. Paul Travelers Cos. -- Finance -- 00308121 ,Selective Insurance Group Inc. -- Finance -- 00307547 ,Transatlantic Holdings Inc. -- Finance -- 00242901 ,20th Century Industries -- Finance -- 00309560 ,USF and G Corp. -- Finance -- 00308794 ,Insurance industry -- Finance ,Business ,Business, general - Abstract
The debt/capital ratios and book values of companies in the property and casualty insurance industry have been raised by the drop in interest rates. However, lower interest rates hurt earnings for the industry with slower investment income growth and higher capital amounts, which puts pressure on rates and lowers profit margins. Although there are some strong companies in the industry, current multiples cannot be sustained through the year 2000.
- Published
- 1997