P&C Pricing Expectations Getting Worse
Keefe, Bruyette & Woods leaves ratings unchanged due to the generally stable operating environment, but analysts are adjusting earnings-per-share estimates because of winter weather and a flatter yield curve.
INN Breaking News, April 14, 2014
Most insurers are expected to report solid underwriting results in Q1 2014, despite winter storms in the United States, Western and Central Europe and Japan, according to financial services research firm Keefe, Bruyette & Woods. However, offsetting that positive news, pricing continues to decelerate due to abundant supply, and the yield curve is slightly flatter, including a lower 10-year Treasury yield, decreasing earnings for many insurers.
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