Performance Review
From our watch list dated February 28, 2014, we have the following performance of the listed stocks:
| Symbol | Name | 2014 | 2016 | % change |
| BRO | Brown & Brown | 30.1 | 31.48 | 4.58% |
| WSH | Willis Group | 41.16 | 44.61 | 8.38% |
| XL | XL Group plc | 30.4 | 34.28 | 12.76% |
| PKIN | Pekin Life | 11.99 | 12.4 | 3.42% |
| AXS | Axis Capital | 43.97 | 53.97 | 22.74% |
The average gain for the listed stocks was +10.38% as compared to the iShares U.S. Insurance ETF (IAK) which gained +4.25% over the same period of time (February 28, 2014 to February 21, 2016). Although we use IAK as a benchmark for performance, it should be noted that companies like WSH [now Willis Tower Watson (WLTW) after the merger in 2015], XL and AXS are not U.S. based insurance companies. The stock of interest at the time was Brown & Brown (BRO) which increased +4.58%.
Insurance Watch List
| symbol | name | price | p/e | eps | div | yield | p/b | % from yr low |
| CNA | CNA Financial Corporation | 28.21 | 15.94 | 1.77 | 1 | 3.2 | 0.65 | 0.14% |
| AIG | AIG, Inc. | 51.53 | 31.23 | 1.65 | 1.28 | 2.46 | 0.69 | 2.28% |
| AFSI | AmTrust Fin. Services, Inc. | 25.06 | 8.95 | 2.8 | 0.6 | 2.36 | 1.96 | 3.55% |
| ALIZF | Allianz SE | 149.45 | 9.22 | 15.72 | 8.06 | 5.52 | 0.97 | 4.15% |
| AEG | AEGON N.V. | 4.79 | - | 0.21 | 0.27 | 5.64 | 8 | 4.59% |
| ZFSVF | Zurich Insurance Group AG | 215.51 | 10.51 | 20.5 | 0 | 0 | 1.02 | 5.46% |
| BRK-A | Berkshire Hathaway Inc. | 197,310.23 | 14.24 | 13,852.27 | - | - | 1.3 | 5.57% |
Analyst Estimates
Below is a snapshot of the analysts low estimated earnings assuming a price-to-earnings ratio of 15 for the remainder of 2016 and the percentage change in price that is implied based on these estimates.
