It resides in the Insurance Brokerage industry. (1) Erie Indemnity: This is a $306 stock with a market cap of $15.7B.
Getting inflation under control really did lift insurer's earnings estimates. 'Inflation hampers non-life profitability even while boosting prices, top-line growth.'
In their 2023 insurance outlook, Deloitte offered this insurance industry insight: I noted three insurance stocks on our list this week. Real estate remains the elephant in the room, though, and was at the heart of a Moody's decision to cut the outlook for China's debt rating - a move reverberating through Chinese capital markets all week.