Heineken-Ashi said:
Long auto insurance stocks
Car insurance rates to rise 8.4% in 2023: Report - ABC News (go.com)
I can provide some real insight here.
Insurance companies got smoked last year (apparently one major carrier lost $ on their investments for the first time in their history). So yes they are going to use this opportunity to raise rates.
If the market has also recovered quite a bit by the end of 2023 then you will see some major profits in this year.
Take a look at Chubb (CB)
Steady uptrend. Not many stocks have a chart like this since the COVID crash.
Also if you have a high earner, you should definitely look at Chubb for insuring your stuff. You are their targe market and they really differentiate themselves in this segment. I would gladly look at it for you (shameless plug), but our home/auto insurance division is not up and running yet (still got hoops and a little red tape to clear)