3 P&C Insurance Stocks That Have Gained More Than 50% in 2024
Portfolio Pulse from
Three property and casualty insurance stocks, MCY, AXS, and PLMR, have gained more than 50% in 2024, outperforming the industry, the Zacks S&P 500 composite, and the Finance sector despite higher catastrophe losses.
December 24, 2024 | 4:30 pm
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POSITIVE IMPACT
AXIS Capital Holdings Limited (AXS) has seen its stock rise over 50% in 2024, outperforming the industry and market indices despite higher catastrophe losses.
AXS's stock price increase reflects strong performance and resilience against higher catastrophe losses, boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Mercury General Corporation (MCY) has gained over 50% in 2024, outperforming the industry and broader market indices despite higher catastrophe losses.
MCY's significant stock price increase indicates strong performance and investor confidence, even in the face of higher catastrophe losses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Palomar Holdings, Inc. (PLMR) has achieved a stock price increase of over 50% in 2024, surpassing industry and market benchmarks despite higher catastrophe losses.
PLMR's stock price surge indicates strong performance and investor confidence, even with the challenge of higher catastrophe losses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100