OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has released separate Best’s Special Reports on the performance of property/casualty (P/C) and reinsurance stocks in first half of 2014, with each report indicating that these respective sectors underperformed in comparison to the overall market.
For the first six months, P/C insurers’ stock prices were up on average 0.5% versus the S&P index growth of 6.1%, according to the report titled, “U.S. P/C Stocks Underperform As Volatility Sets In.” Of the 36 insurers A.M. Best currently tracks, only 10 have risen more than the average market and only 17 (47.2%) are in positive territory.
The report titled, “Global Reinsurer Stocks Challenges Continue” states that stocks for 20 publicly traded worldwide reinsurance companies (including the four large Europeans) have continued to perform below the overall market at the six-month mark of 2014. Only five performed better than the overall market and just eight have seen their stock increase 5% or more so far this year.
To access copies of these special reports, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=228537 for the U.S. P/C equity trend review and http://www3.ambest.com/bestweek/purchase.asp?record_code=228540 for the global reinsurance equity trend review.
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