- Best Insurance stock – MetLife MET Stock Prediction 2013, MetLife insurance shares 2013: MetLife investors have waited since the autumn of 2011 for the company to buy back shares and raise its dividend, but regulators foiled the company’s plans. On a year-end investor call with analysts, MetLife management said the 2013 forecast assumes no share buybacks. Chief Executive Steve Kandarian later added, “I don’t have total confidence” the company will be free to buy back shares after 2013, either.MetLife Inc (MET.N) warned that 2013 earnings might be well below Wall Street expectations and said it did not expect to buy back any shares next year, a blow to investors who have been waiting more than a year for a capital return.For this year, the insurer expects operating earnings of $5.5 billion to $5.6 billion, or $5.15 to $5.25 per share, compared with analysts’ average estimate of $5.25.In 2013, it expects $5.5 billion to $5.9 billion, or $4.95 to $5.35 per share. Analysts’ average forecast is $5.47, according to Thomson Reuters I/B/E/S. MetLife’s operating earnings forecast excludes discontinued operations and net investment gains and losses.MetLife (NYSE: MET) stock ratings prices targetMetLife (NYSE: MET)‘s stock had its “equalweight” rating restated by equities researchers at Barclays Capital in a report issued on Thursday. They currently have a $37.00 target price on the stock.MetLife traded up 0.36% on Thursday, hitting $35.2777. MetLife has a 52-week low of $27.60 and a 52-week high of $39.55. The stock’s 50-day moving average is currently $32.85. The company has a market cap of $38.490 billion and a price-to-earnings ratio of 14.33.MetLife last released its earnings data on Wednesday, October 31st. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.04. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts predict that MetLife will post $5.22 earnings per share for the current fiscal year.Several other analysts have also recently commented on the stock. Analysts at Macquarie reiterated an “outperform” rating on shares of MetLife in a research note to investors on Monday. They now have a $45.00 price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of MetLife in a research note to investors on Monday, December 24th.MetLife Analyst Forecasts Earnings GrowthOver the next five years, the analysts that follow this company are expecting it to grow earnings at an average annual rate of 8.73%.This year, analysts are forecasting earnings increase of 3.71% over last year. Analysts expect earnings growth next year of 0.35% over this year’s forecasted earnings.Figure MetLife Inc. (MET) Stock 1 yearMy Analysis MetLife Inc. (MET)MetLife Inc. (MET) – The largest U.S. life insurer, MetLife also has a substantial financial services business, with a focus on retirement planning and corporate benefit funding. The company also has a rapidly growing international business, currently comprising 31% of revenues.Currently yielding 2.3%, MetLife has a solid record of raising the dividend; however they have kept the payout constant since the financial crisis. My favorite thing about MET is its extremely attractive valuation, currently trading at only 6.7 times earnings. The failure of the Fed’s stress test could be the reason for the depressed valuation, but analysts tend to believe that MET is financially sound and is well positioned to capture additional market share.About MetLife, Inc.MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs in the United States, Japan, Latin America, the Asia Pacific, Europe, and the Middle East. The company offers group life insurance products, including variable, universal, term, and whole life products, as well as employee paid supplemental life products; and individual life insurance products comprising variable, universal, term, and whole life products, as well as a range of mutual funds and other securities products. It also provides non-medical health products and services, which include dental insurance, group short- and long-term disability, individual disability income, long-term care, critical illness, and accidental death and dismemberment coverages, as well as employer-sponsored auto and homeowners insurance, and administrative services to employers; and retirement products consisting variable and fixed annuities that are primarily sold to individuals and employees of corporations and other institutions. In addition, the company offers an array of annuity and investment products, including guaranteed interest products and other stable value products, income annuities, and separate account contracts for the investment management of defined benefit and defined contribution plan assets, as well as offers products to fund postretirement benefits; personal lines of property and casualty insurance to employees and individuals, as well as personal excess liability and coverage for recreational vehicles and boat owners; and credit insurance and endowment products. Further, it offers banking products comprising mortgage and deposit products, as well as other financial services. The company sells its products through its sales forces, third-party organizations, independent agents, and property and casualty specialists. MetLife, Inc. was founded in 1863 and is based in New York, New York.MetLife shares price forecast 2013, MetLife market shares 2013, MetLife earning growth estimates 2013, MetLife insurance market forecast 2013, MetLife eps 2013, MetLife stock ratings, MetLife earnings forecast 2013, MetLife life insurance products 2013, dental insurance 2013, United States, Japan MetLife market share 2013, Latin America MetLife market share 2013, Asia Pacific MetLife market share 2013, Europe MetLife market share 2013,
- Best insurance srock – Tips for buying car insurance online – online purchases insurance, guides to buy online auto insurance ; Strategy for 2013 Given the cost and other advantages, it is best to buy insurance online. “Time is not a constraint in online purchases. Customers have logged in at 2 a.m. to buy term insurance, If you are buying through a broker, be on your guard against mis-selling, or worse, cheating and forgery. There was a disturbing rise in such cases in 2012.It seems like every time you turn on the television, you encounter a commercial that asks whether you’re paying too much for your car insurance. Chances are your insurer won’t be champing at the bit to tell you the answer, so the burden is on you to find out. But with an Internet connection and a little planning, you can do it on your lunch hour.Whether you’re shopping for your first policy or looking for a better rate, going online is a gateway to a world of auto insurance quotes and information about the companies that issue them. As you’ll see, low cost is just one factor to consider. Let’s take a look at five tips to keep in mind when you go online to buy car insurance.Searching Online Is Just One Option
While there is a seemingly endless number of companies issuing auto insurance policies these days, there are really just two ways to buy car insurance: You can purchase a policy in-person through an agent — a licensed individual who sells policies on behalf of one or more insurance companies — or you can buy directly from an insurer via Web site or telephone.Buying car insurance online still accounts for a relatively small portion of total auto insurance sales, but it’s increasing in popularity. According to a 2011 survey by the Internet marketing research company ComScore, just 20 percent of new auto insurance policies were purchased online, compared to 43 percent purchased from an agent. However, the number of online purchases represents an increase of 5 percent from just two years earlier, while the number of agent purchases represents a 6 percent decline. Additionally, a 2011 survey by J.D. Power and Associates showed that 54 percent of new auto insurance owners applied for a rate quote online, the first time this has happened for a majority of respondentsPrepare Before You SearchWhether you shop for car insurance online or go one of the other routes, make sure you come prepared with all of the information you need to get an accurate quote. Take stock of your car’s make, model, year, vehicle identification number (VIN), the zip code of where you park the car at night and any aftermarket safety or anti-theft accessories installed on the car. Get the license numbers of every driver to be insured under the policy, as well as the date when they were first licensed, and obtain a copy of your driving record. Get an updated credit score as well — your credit rating can affect your auto insurance premiums, since some insurers say those with poor credit scores are more likely to file claimsThere are a few steps you can take to get lower insurance premiums, as well. Tally up the number of miles you drove this year versus the previous year — a significant decrease in the mileage you drive might help you get a lower quote. Consider completing a defensive driving course online, insuring multiple vehicles (or your home) through the same insurance company or looking for a plan with a higher deductible. You might even want to eliminate certain types of insurance not required by law in your state; you could forego collision and comprehensive coverage on very old cars, for instanceShop AroundYou should take a look at your auto insurance policy every year to find out how much you’re paying in premiums and how much coverage you’re getting in return. The cost of the same policy can vary widely between companies based on factors like how much the company spends on advertising, commissions paid to the agent and the risk levels of the company’s pool of insured drivers.To start comparing quotes, try logging on to an auto insurance aggregator Web site like NetQuote.com, Insure.com or InsWeb.com, where visitors submit information about their car and driving history in exchange for an array of quotes from different insurance companies. Typically, many of the quotes come via follow-up e-mails and phone calls from insurance agents. You can also try searching Web sites for companies like Progressive and Geico, which sell insurance directly to consumers and provide quotes immediately.Before you submit any sensitive information through a Web site, look for a security policy to ensure that any communications are reasonably protected from third parties, and set your Web browser to notify you when you leave a secure connection.Visit Your State Insurance Department’s Web SiteAuto insurance is regulated on a state-by-state basis, and your state’s insurance department usually has a bunch of relevant information to your search in the consumer information section of its Web site. Search the National Association of Insurance Commissioners State Web Map to find a link to your state insurance departmentThe depth of information varies, but these Web sites often include profiles of the different insurance companies licensed within the state, sample price comparisons charged by competing agencies to cover common vehicles, and consumer guides to auto insurance. Many insurance departments also provide complaint indexes, which tally the number of consumer complaints upheld against a particular company versus the number of policies they have issued. This information can be valuable in determining which company to sign with.If you’re unsure if a prospective insurer is licensed within your state, ask an agent. If the company falsely claims to be licensed in your state, report them.Don’t Go By Price AloneJust because a company offers you a cheap quote doesn’t mean you should let it insure your vehicle. Take a close look at the terms of your policy to ensure it matches your last auto insurance policy, and that you’re getting an equivalent amount of coverage (or at least the minimum amount required by law in your state). Examine the terms of the agreement to make sure the company don’t require the use of cheaper aftermarket materials for repairs instead of the original factory parts, which can pose safety hazardsIn addition to the complaint indexes maintained by state organizations, you can refer to consumer satisfaction databases on Web sites like ConsumerReports.org and JDPower.com [source: Reed]. You should also make sure that your insurance company is financially stable before purchasing your policy. In addition to checking with your state insurance department, ratings organizations like A.M. Best and Standard and Poor’s are good resources to determine a company’s financial state. And look to your friends and family for recommendations, as well.
- Best Insurance stock – Travelers insurance earnings surpassing the Zacks Consensus : The Travelers Companies, Inc. (TRV – Analyst Report) reported earnings of 72 cents per share in the fourth quarter of 2012, surpassing the Zacks Consensus Estimate of 4 cents per share. However, results plunged 51% from $1.48 earned in the year-ago quarter. Operating income of $278 million dipped 54% the reported quarter.
The year-over-year downside was largely attributable to higher catastrophe losses mostly due to Hurricane Sandy. However, higher underlying underwriting margins and higher net favorable prior-year reserve development limited the downside to some extent.Cat loss in the quarter was $689 million or $1.78 per share. Including net realized investment gains of $26 million or 6 cents per share, the company reported net income of $304 million or 78 cents per share, comparing unfavorably with net income of $618 million or $1.51 a share. The year-ago quarter included net realized investment gains of $9 million.Operational UpdateNet written premiums during the quarter were $5.4 billion, up 2% year over year.Net investment income increased 5.7% year over year to $689 million during the quarter, largely attributable to better performance at non-fixed income portfolio, partly muted by reduction in fixed income returns.Travelers posted underwriting loss of $338 million, comparing unfavorably with profit of $187 million in the year-ago quarter. Combined ratio deteriorated 950 basis points year over year to 105.4% in the reported quarter. The deterioration was due to higher catastrophe losses, partially muted by higher underwriting margins and higher net favorable prior-year reserve development.Total revenue in the quarter under review was $6.5 billion, increasing 2% year over year, driven by the augmentation in premiums earned and net investment income. Revenues surpassed the Zacks Consensus Estimate of $6.3 billion.Full Year HighlightsOperating earnings of $6.21 per share outpaced the Zacks Consensus Estimate of $5.56 and year ago earnings of $3.28. The upside stemmed from a combination of lower catastrophe losses, higher underwriting margins and higher net favorable prior-year reserve developmentIncluding net realized investment gains of 9 cents, the company reported net income of $6.30 per share, surging from $3.36 a share earned in 2011.Total revenue increased 1% year over year to $25.7 billion. It also outperformed the Zacks Consensus Estimate of $25.2 billion.Underwriting gains of $296 million reversed the year-ago loss of $745 million. Combined ratio improved 800 basis points.Segment UpdateBusiness Insurance: Net written premium increased 6% year over year to $2.78 billion in the quarter, largely driven by increases in renewal rate change.The combined ratio deteriorated 770 basis points year over year to 103.5%, mainly due to higher catastrophe losses.Operating income slid 27% year over year to $326 million in the fourth quarter of 2012, primarily attributable to higher catastrophe losses.Financial, Professional & International Insurance: Net written premium in the quarter under review improved 2% year over year to $808 million, driven by a 6% increase in net written premiums in the International business.The combined ratio deteriorated 100 basis points year over year to 80.2% in fourth quarter 2012, attributable to higher catastrophe losses.Operating income descended 13.8% year over year to $131 million, attributable to higher catastrophe losses, partly offset by higher underlying underwriting marginsPersonal Insurance: Net written premium skidded 3% year over year to $1.79 billion, primarily due to lower new business volumes.The combined ratio deteriorated 1540 basis points year over year to 89.7% in the fourth quarter of 2012, largely driven by higher catastrophe losses.Operating loss of $114 million compared unfavorably with profit of $77 million in the year-ago quarter largely due to higher catastrophe loss. However, higher underlying underwriting margins and higher net favorable prior-year reserve development limited the downfall.Dividend and Share RepurchaseTravelers spent $400 million to buyback 5.4 million shares in the quarter, taking the tally to $1.45 billion spent to buyback 22.4 million shares in 2012. The company is still left with $2.159 billion remaining under its authorization.The company also paid $178 million in dividends. Additionally, the board approved a quarterly dividend of 46 cents, payable Mar 29, 2013, to the shareholders of record as of Mar 8, 2013.Our TakeTravelers continues with the trend of delivering positive earnings surprise.Though its exposure to cat loss weighs on the results, prudent underwriting practices and favorable prior-year reserve development managed to limit the adverse affect.High retention rate, pricing gains, positive renewal rate changes, and a strong capital position are among the other positives, which are likely to support Travelers perform better going forward.Travelers’ continuous share buyback strategy has a positive impact on earnings per share and also bolsters shareholder value.Further, Travelers recently increased its stake in J. Malucelli Participações em Seguros e Resseguros S.A., a market leader in the surety insurance business in Brazil. Further, it made some useful investments to augment its technology platform. It scores strongly with the rating agencies as well.source – Zacks.com
- Best Insurance stock – Total insurance claims from hurricane sandy 2012, insurance claims in 2012,; A leading insurance company says natural disasters cost the industry $65 billion last year and that Superstorm Sandy accounted for nearly two-fifths of the total. However, Munich Re AG said Thursday total insured losses from natural catastrophes were down from a record $119 billion in 2011, when devastating earthquakes in Japan and New Zealand cost the industry dear.The company said total economic costs in 2012 from natural disasters – including uninsured losses – amounted to $160 billion, compared with the previous year’s $400 billion. Sandy was blamed for at least 120 deaths when it battered eastern coastline areas at the end of October. New York, New Jersey and Connecticut were the hardest-hit states. Munich Re estimated insured losses from Sandy at $25 billion and total losses at $50 billion.Here is the number of insurance claims released by various insurance companies sand storm due 2012, which we took from various reputable news sitesInsured Losses From Hurricane Sandy $7-$15 Billion: AIR WorldwideCatastrophe modeling firm AIR Worldwide estimated Tuesday evening that insured losses from Hurricane Sandy to onshore properties in the U.S. would be in the range of $7 billion to $15 billion. AIR’s insured loss estimate includes wind and storm surge damage to onshore residential, commercial and industrial properties and their contents, automobiles, and time element coverage (additional living expenses for residential properties and business interruption for commercial properties). Read More..AXA Art InsuranceLosses from Hurricane Sandy May Reach $500 MillionTwo months after Hurricane Sandy caused severe flooding in many Chelsea galleries, the bill for the art world’s recovery is shaping up to be hefty. By mid-November, AXA Art Insurance, one of the largest art insurers, estimated that it would be paying out $40 million, and a Reuters report last week quoted industry estimates suggesting that insurance losses for flooded galleries and ruined art may come to as much as $500 million – or the rough equivalent of what the art insurance business takes in each year. That would amount to the largest loss the art world and its insurers have ever sustained.Read More..Swiss Re Sees $900 Million Insured Hurricane Sandy Losses
Swiss Re Ltd. (SREN), the world’s second- biggest reinsurer, said it estimates its claims burden from Hurricane Sandy to be about $900 million. Total market losses could be as much as $25 billion, Swiss Re dropped as much as 0.8 percent in Zurich. It fell 0.6 percent to 66.30 francs at 9:31 a.m., valuing the company at 24.6 billion Swiss francs ($26.5 billion). Munich Re, the world’s biggest reinsurer, declined 0.2 percent to 129.6 euros. Hannover Re (HNR1) lost 0.3 percent to 56.98 euros. Read more..Selective Insurance Group Announces Hurricane Sandy Storm Losses
Insurance Group, Inc. (SIGI) today announced a preliminary pre-tax gross Hurricane Sandy loss of between $100 to $120 million and a pre-tax net loss of approximately $52 million, including reinstatement premiums and reinsurance recoveries. About two-thirds of the claims are in personal lines with the remaining in commercial lines. One area of uncertainty remains business interruption claims, which are included in the estimates but are still developing as some businesses are not back to full operation.
Selective is the sixth largest writer for the National Flood Insurance Program and expects record claim activity this quarter that will generate estimated, pre-tax, claim service revenue of $12 million, which will partially offset the $52 million loss. Together, these items will impact the fourth quarter statutory combined ratio by approximately 10 points and add an anticipated 2 points to our previous 2012 full-year guidance for the statutory and GAAP combined ratios. Read More..AIR increases hurricane Sandy insured loss estimate by over 70%
Risk modeller AIR Worldwide has published an update to their estimate of insured losses resulting from hurricane Sandy today and the numbers have jumped considerably. AIR’s first estimate was published on the 30th October and in that update they gave a range of $7 billion to $15 billion of losses but said they expected it to rise. In today’s update AIR have given a tighter, but much higher estimated range of between $16 billion and $22 billion of losses to the insurance industry from Sandy. That’s a pretty significant jump, with the low-end estimate increasing by 128% from $7B-$16B, the mid-point estimate increasing by 72% from $11B-$19B and the high-end estimate increasing by 46% from $15B to $22B. AIR puts the increase down to the following: Read More..Hurricane Sandy claims may exceed insurance program funds: FEMA
The federal government’s flood insurance program may not have access to enough funds to cover anticipated claims from Hurricane Sandy victims, a top official at the Federal Emergency Management Agency said on Thursday. Edward Connor, FEMA’s deputy associate administrator for federal insurance, told an insurance advisory panel on Thursday that his agency is projecting a flurry of flood-related claims in the neighborhood of $6 billion to $12 billion. read more..to complete the total data sandy storm damage insurance claims in 2012, we are in need of data on the number of insurance claims from your insurance company, please post in the comments belowinsurance claims Superstorm Sandy 2012, insurance program , impact insurance industry from Sandy 2012, estimate insurance claims hurricane sandy 2012, estimated insured losses from Sandy 2012, effect hurricane sandy 2012 on insurance industry