Posted by (American Life Insurance Guide 03/04/2020 News) ForImpact of COVID-XNUMXThe "uncertainty" evolved into a "panic" mood and began to affect the US financial market last week. The three major US stock indexes have all fallen into a callback zone.It has fallen by at least 10% from its recent highs, and it is the largest single-day point drop in history.
The US Federal Centers for Disease Control and Prevention (CDC) confirmed the first case of coronavirus infection in the United States,Washington State(February 2) After the announcement of the new crown death cases, the decline in the US stock index further expanded.
Performance of listed insurance companies
OnAmerican Life Insurance Guide©️In the previous article, we introduced the AmericanInsurance companyDivided into three types of structures:
- Listed company
- Mutual company
- Private company
American Life Insurance Guide Network©️ sorted out some large-scale comprehensive listed life, health andAnnuity insuranceThe company’s stock performance under the COVID-XNUMX pandemic and compared with the same periodS&P 500 IndexMake a comparison.The following is the market performance of major U.S. insurance companies in the past 30 days.
As of closing on March 2020, 3
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- AIG(American International Group/AIA): $ 42.54 (-18.94%)
- Allianz(Allianz Life):$22.28 (-9.4%）
- Allstate(Statewide Insurance):$114.51 (-8.14%）
- Brighthouse(Mingya Life/Financial): $ 35.05 (-17.60%)
- Lincoln (Lincoln Life/Finance): $ 45.00 (-22.40%)
- MetLife (MetLife): $ 43.83 (-14.94%)
- Prudential (Prudential): $ 77.17 (-19.31%)
- Principal:$ 46.24 (-17.63%)
- Unum (Urum Life):$ 23.11 (-23.50%)
- S&P 500: 3130.12 (-6.13%)
在过去的30天里，标普500指数整体下跌6.13%。2020年3月3日，美联储宣布紧急降息50个基点，这是自08年金融危机以来的首次紧急降息。3月4日，美国股市全面飘绿迎来显著回升。
The impact of different insurance companies
In addition to listed insurance companies, many large life insurance companies are not listed, such as Massmutual (Wantong Mutual), Pacific Life (Pacific Life)Wait.This type of reciprocal insurance company is held by some policyholders of the insurance company.
Under the new crown virus epidemic, these companies need to consider the cost of claims due to the infection and the decline in sales caused by the new crown epidemic.Since this type of insurance company does not sell shares on the open market, there is no need to immediately start worrying about the pressure on short-term performance and financial reports caused by the new crown virus.
For listed insurance companies, the decline in stock prices does not affect the insurance company's pocketbook.Because the insurance company has sold the stock to public investors and exchanged cash from the investors.Fluctuations in stock prices affect the vast majority of investors.
Some insurance companies have a large amount of cash reserves for a long time and are constantly looking for excellent investment products.The decline in stock prices has created an opportunity for these insurance companies to repurchase shares at a low price. (Finish)
