Share price

Insurtech stocks continue to fall in September after short-lived summer rebound

The brutal repricing of insurtech stocks that started last September has persisted in 2022 with The Insurer’s insurtech composite index recording a correction of 53.5 percent in the year to date.

US P&C stocks fall as markets plunge on inflation data

Almost all US-listed property casualty stocks closed down on Tuesday as the S&P 500 recorded its largest daily fall since June 2020 because inflation data hit investor confidence.

Global specialty (re)insurance equity index holds up three times better than overall market in YTD

The global specialty (re)insurance-focused RISX index – which targets publicly listed companies with underwriting subsidiaries at Lloyd’s – continues to outpace the overall market with a 6.8 percent year-to-date fall in net total return terms, compared to an 18.2 percent drop on the MSCI World (Net) USD index.

Hallmark’s share price drops 37% after Q2 earnings miss

Investors sent Hallmark Financial Services’ share price down 36.8 percent in trading on Tuesday following the specialty insurer reporting worse-than-expected second quarter results.

Jefferies raises Axa price target on prospect of further buybacks

Jefferies has raised its target share price for Axa after the carrier reported better-than-expected underlying performance in the first half of 2022 and unveiled a surprise €1.0bn share buyback.

Zurich shares gain on buyback and earnings beat

Shares in Zurich pushed higher in early trading this morning as investors reacted to a consensus-beating jump in first-half operating profit and plans for a larger-than-anticipated share buyback.

Aviva shares surge 10% on buyback and solvency beat

Shares in Aviva increased by 10 percent during Wednesday trading as investors reacted to news the insurer was mulling plans to return further capital to investors via a share buyback, with the firm also providing bullish commentary on the impact of inflation on its general insurance business.

Root stock tumbles 25% as investors digest Q2 results

Investors responded to Root’s Q2 2022 results by sending the insurtech’s stock down by a quarter on Tuesday.

R&Q shares rise on program management growth and investment reassurance

Shares in London-listed R&Q Insurance Holdings rose in morning trading today after the firm reported a surge in gross written premium (GWP) within its Accredited program management business and offered a reassuring outlook for its 2022 investment performance.

Greenlight Re shares close up 3.7% after Q2 underwriting improvement

Greenlight Re’s shares ended Wednesday trading up 3.7 percent lunchtime after investors responded positively to the close-to five point decrease in its Q2 2022 combined ratio and comments from management that the business is seeing further opportunities to improve its underwriting performance.

P&C insurance stocks miss out on global markets July rebound

Global equity markets posted their strongest monthly gains since late 2020 last month amid an easing of rate hike expectations and upbeat earnings from Big Tech, but US and European P&C insurance stocks faltered.

CinFin and Everest shares slide after Q2 earnings reports

Investors reacted negatively to second quarter results posted last night by Cincinnati Financial and Everest Re, sending the share price of those companies down over 13 percent and over 6 percent respectively in morning trading.

Travelers shares trade down as personal lines results hit by inflation and cats

Investors sent shares in Travelers down as much as 2.8 percent this morning despite an overall earnings beat for the second quarter as results deteriorated in personal insurance driven by the impact of higher cat losses and inflationary pressures on its auto book amid a backdrop of mounting recessionary fears.

Hippo proposes reverse stock split after receiving NYSE non-compliance notice

Hippo has proposed undertaking a reverse stock split as the homeowners insurtech seeks to resolve a non-compliance notice from the New York Stock Exchange after its share price traded below $1 over a consecutive 30-day period.

Direct Line shares slump 14% as issues surprise profit warning over claims costs

Shares in Direct Line Group (DLG) were trading down close to 14 percent shortly after markets opened this morning after it became the second UK motor insurer to warn on profits in recent days.

UK motor insurer Sabre shares plunge after claim inflation shock

Shares in London-listed Sabre Insurance plunged by over a third in early trading today after the UK motor insurer issued a surprise trading update in which it warned that “extraordinary inflationary pressures” were causing a surge in claims costs and hitting profits.

London P&C stocks make gains despite political turmoil

London’s leading (re)insurance stocks rose on Wednesday despite a series of resignations from the UK government, recovering after heavy losses in the previous session

Public insurtech market cap halves in H1

The carnage among insurtech stocks that started last summer has continued unabated this year with The Insurer’s insurtech composite index recording a fall of 48.7 percent in H1.

WRB and Hiscox outperform as insurers dragged down in H1 rout

US and European P&C insurance benchmark indices fell in the first half of 2022 yet still managed to outperform the wider market during one of the most turbulent first-half trading periods ever seen, analysis by this publication shows.

R&Q share price continues to fall as market awaits plan B

Shares in Randall & Quilter (R&Q) were down almost 40 percent in afternoon trading in London on Wednesday as investors reacted gloomily to news that its largest investor Brickell was terminating its planned £482mn ($605mn) deal to take the firm private as well as its $100mn capital injection commitment.

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