Sector Spotlight – Second Quarter Insurance Updates

Updated as of 9:30 AM CST on July 21, 2020.

Prelim Results

• Travelers: Announces Preliminary Results for Second Quarter 2020
• Chubb: Announces Second Quarter 2020 Global Net Catastrophe Loss Estimates, Including COVID-19 Global Pandemic Losses
• Progressive: Reports June 2020 Results
• Allstate: Announces June and Second Quarter 2019 Catastrophe Loss Estimates

Earnings Results

• SThree: Half Year Results

COVID impacts

• Chubb: Announces Second Quarter 2020 Global Net Catastrophe Loss Estimates, Including COVID-19 Global Pandemic Losses
• Hartford: Extends Its COVID-19 Personal Auto Payback Plan

Changes in capital allocation

• BBSI: Announces Transfer of $116 Million of Claims Liabilities and Renewal of Fronted Workers’ Compensation Program with Lower Retention Levels
• CBIZ: Acquires Property And Casualty Insurance Agency Prince-Wood Insurance
• Brown & Brown: Announces the Asset Acquisition of First Resource
• Allstate: Expands Personal Lines Market Position with Acquisition of National General
• MetLife: Declares Third Quarter 2020 Stock Dividend

Additional items

• Allstate: acquires National General for $4 billion in cash
• CSG: Extends Agreement With Bell Canada to Support TV and Streaming Services
• Travelers: Named a 2020 Best Place to Work for Disability Inclusion
• R1: Announces Sale of its Emergency Medical Services Business to Sarnova Holdings