In this post, we will be discussing how to buy stock in insurance companies in the USA which can make you rich overnight.
You should note that a number of insurance stocks that prove low-interest rates don’t mean low returns. A well-organized insurance company that has a strong core business does not need to worry about the interest it earns to prop up profits. Best of all, well-run insurance stocks are income powerhouses.
insurance companies that income investors should consider investing in.
Old Republic International Corp. (ticker: ORI)
The old republic is an active income investment group that has raised dividend payouts at least once per year for about 25 years. A bump in 2019 marks the 38th consecutive annual increase for ORI – and the Old Republic paid a special dividend to shareholders this year to boot. Its general insurance segment includes automobile, aviation, general liability, and travel insurance. It also operates a sizeable title insurance segment that offers lenders and owners title policies to cover real estate transactions. The robust U.S. housing market has really helped and ORI has tacked on more than 35% gains in 2019 – with a dividend on top of that.
Current yield: 3.5%
Allstate Corp. (ALL)
With shares up more than 20% so far in 2019, Allstate is another great example of a big insurance stock that’s firing on all cylinders. The $36 billion property and casualty giant commands millions of policies across autos, home, boats, and other assets – and then passes a modest share of those premiums on to its investors via consistent dividends. The current dividend admittedly isn’t all that impressive, yielding slightly less than 10-year U.S. Treasury bonds, but with the higher risk of a stock investment. However, with annual earnings per share of about $10 and annual dividends of about $2, there is plenty of potential for future dividend growth.
Current yield: 1.9%