March 11, 2010

Wilbur Ross: Bullish On Insurance Stocks

Wilbur Ross mentioned recently his bullishness on insurance stocks:

"There are deep value opportunities in insurance stocks, which were beaten down because of their exposure to the subprime crisis, annuities, and commercial real estate. I won’t name names, but some well-managed life insurance and fire and casualty companies will come through this stronger. They used to trade at one or two times book value but now trade at three-quarters book" Wilbur Ross, Fortune

Related stocks in life insurance: Prudential Financial, Inc. (Public, NYSE:PRU), Lincoln National Corporation (Public, NYSE:LNC), MetLife, Inc. (Public, NYSE:MET) and Conseco, Inc. (Public, NYSE:CNO).

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