In the middle of a financial storm, words like “strong” or “stable” are sorely missed. But they seem to be flowing descriptions about the life insurance sector right now.
“Buying life-insurance stocks at their November lows could go down as one of the best trades in this bear market. And there is juice left in the sector if the corporate bond market continues to rally,” writes Peter Eavis of the Wall Street Journal. “Hartford Financial, Lincoln National and Genworth Financial are all up over 200% from their late November nadirs; Prudential Financial and Principal Financial have more than doubled. MetLife, arguably the strongest in the sector, is up over 90%.”