Report
Brett Horn, CFA
EUR 101.80 For Business Accounts Only

Hurricane Harvey’s Impact on Insurers Should Be Manageable

While estimates of total insured losses remain in flux, it is clear that Hurricane Harvey has caused considerable damage in Texas. We expect most of the property-casualty insurers we cover to incur material losses. Still, the impact should be manageable, and we are doubtful that the hurricane will have a material impact on any of our fair value estimates or on pricing trends in the industry. We would note that our models account for the possibility of large natural catastrophe losses, even thoug...
Underlying
Travelers Companies Inc.

Travelers Companies is a holding company. Through its subsidiaries, the company is engaged in providing commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. The company's segments include: Business Insurance, which provides property and casualty insurance and insurance-related services; Bond and Specialty Insurance, which provides surety, fidelity, management liability, professional liability, and other property and casualty coverages and related risk management services, and certain specialty insurance products; and Personal Insurance, which writes property and casualty insurance covering individuals' personal risks.

Provider
Morningstar
Morningstar

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.

Analysts
Brett Horn, CFA

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