Irma Causes Major Damage, but There Are Mitigating Factors for National Carriers
While substantial uncertainties remain regarding the ultimate damage inflicted by Hurricane Irma, and a worst-case scenario appears to have been avoided, this represents another possible hit for the insurance industry right on the heels of Harvey. However, there are some mitigating factors for our insurance coverage, and we will maintain our fair value estimates and moat ratings for now. Property-casualty insurance stock prices have fallen meaningfully over the past month due to these hurricanes...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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