Earnings Roundup, First Quarter 2020
The June Conning Commentary offers an in-depth review of the Q1 earnings calls for insurers in the property-casualty, life-annuity and health insurance segments.
Conning’s insurance analysts have examined analyzed how well insurers were prepared for the pandemic, how they adjusted to its impact, and what their next steps will be in Q2 and beyond.
Included in their findings:
- Property-casualty firms varied in their financial performance but continue to deal with ongoing challenges in the area of business interruption coverage
- Life-annuity companies leveraged lessons learned from previous financial crises and emerged from the quarter with their strong capital positions relatively intact
- Health insurers were relatively unscathed in Q1 but are seeing a greater impact in April data.