Analysts predict investment income will boost insurers’ books
Analysts say property/casualty insurers will start to post investment gains after the bond and stock markets rally in the last quarter, Dow Jones reports
"Property/casualty insurers' book values will go up across the board because of the returns on their investments," said Paul Newsome, an analyst at Sandler O'Neill & Partners.
But Donald Light, senior insurance analyst at Celent, said: "The underwriting side of the property/casualty business continues to be weak; it is unlikely many insurers will report good second-quarter earnings simply on the strength of their investment results."
