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Stock impact report

What's in Store for These 3 Insurance Stocks in Q3 Earnings? [Yahoo! Finance]

Skyward Specialty Insurance Group, Inc. (SKWD) 
Company Research Source: Yahoo! Finance
are expected to have boosted insurance stocks' third-quarter performance. Catastrophe losses and an increase in claims frequency are likely to have weighed on the upside. Insurers yet to report their third-quarter results on Oct. 29 are Unum Group UNM, Chubb Limited CB and Skyward Specialty Insurance Group, Inc. SKWD. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Solid retention, exposure growth across business lines and improved pricing are likely to have fueled premiums. An active catastrophe environment is expected to have accelerated the policy renewal rate and led to better pricing in the third quarter of 2024. Per Market Scout's Market Barometer, the commercial insurance sector saw a composite rate increase of 3.8%. Per the report, the personal lines composite rate has increased 6.75% in the third quarter of 2024, indicating a little moderation from the year-ago quarter's figures. Per reports in Reinsurance News, CNA Financial Corporation estima Show less Read more
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