Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

Protective Life: Earnings Beat Not Driven By Sustained Business Improvement

There are a lot of reasons that investors chose to shy away from insurance companies like Protective Life (NYSE:PL) as investments, but one of the reasons is that their earnings are notoriously volatile and difficult to understand. Property and casualty insurers face consistently large risks in the form of unexpected natural disasters. Health insurers are perpetually at risk from political regulations and reimbursement challenges. For life insurers though, the story should be a little different. Life insurance companies generally don't face the type of catastrophic loss events that property & casualty companies do, and while once in a while politicians decide to attack them (such as the new SIFI, or systematically important financial institution, regs that will probably...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details