Amid an improving economy and booming stock market, 55% of workers surveyed said they were "very" or "somewhat" confident that their savings would be enough -- up from 51% last year, according to an annual survey released Tuesday by the Employee Benefit Research Institute.
Ultimate Guide to Retirement Getting started401(k)s & company plansInvestingAnnuitiesIRAsSelf-employment plansPensions and benefit plansSocial SecurityInsuranceEstate planningLiving in retirementGetting helpThe hitch: That improved confidence was reported almost exclusively by higher-income households ($75,000 and up) and by those participating in an Individual Retirement Account or employer's pension or 401(k) plan, EBRI noted.
Top 5 Healthcare Technology Stocks To Buy Right Now: HCI Group Inc (HCI)
HCI Group Inc, formerly Homeowners Choice, Inc., incorporated in 2006, is a holding company. The Company, through its subsidiaries, is primarily engaged in the property and casualty insurance business. The Company is authorized to underwrite homeowners' property and casualty insurance in the state of Florida through its wholly-owned subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc. (HCPC). Through HCPC and subsidiaries, primarily Homeowners Choice Managers, Inc. (HCM), Southern Administration, Inc., Claddaugh Casualty Insurance Company, Ltd., and its subsidiary, HCPCI Holdings LLC, the Company provides property and casualty homeowners' insurance, condominium-owners' insurance, and tenants' insurance to individuals owning property in Florida. The Company�� subsidiaries also include TV Investment Holdings LLC, which owns and operates a marina facility located in Florida; Unthink Technologies Private Limited, which is a software development firm. During the year ended December 31, 2011, the Company organized TV Investment Holdings LLC, HCI Holdings LLC and HCI Technical Resources, Inc. In November 18, 2011, the Company acquired Unthink Technologies Private Ltd. In November 2011, it acquired the Florida policies of HomeWise Insurance Company.
The Company�� subsidiary, HCM provides underwriting policy administration, marketing, accounting and financial services to HCPC, and participates in the negotiation of reinsurance contracts. Southern Administration, Inc. provides policy administration services. Claddaugh Casualty Insurance Company Ltd. provides reinsurance coverage to HCPC. Asof December 31, 2011, the Company has approximately 119,000 policies in force. Citizens Property Insurance Corporation requires the Company to offer renewals on the policies the Company acquires for a period of three years subsequent to the initial expiration of the assumed policies. The policyholders have the option to renew with the Company or they may ask their agent to place their co! verage with another insurance company.
Advisors' Opinion:- [By Marc Bastow]
Property and casualty insurance holding company HCI Group (HCI) raised its quarterly dividend 22.2% to 27.5 cents per share, payable Dec. 20 to shareholders of record Nov. 15.
HCI Dividend Yield:�2.48%
Top Insurance Stocks To Buy Right Now: Lincoln National Corporation (LNC)
Lincoln National Corporation, through its subsidiaries, engages in multiple insurance and retirement businesses in the United States. The company operates in Annuities, Retirement Plan Services, Life Insurance, and Group Protection segments. It sells a range of wealth protection, accumulation, and retirement income products and solutions. These products include fixed and indexed annuities, variable annuities, universal life insurance (UL), variable universal life insurance (VUL), linked-benefit UL, term life insurance, employer-sponsored defined contribution retirement plans, mutual funds and group life, disability, and dental products. The company also provides employer-sponsored fixed and variable annuities, and mutual fund-based programs; single and survivorship versions of UL and VUL, including corporate-owned UL and VUL, and bank-owned UL and VUL products to small- to mid-sized banks, and mid- to large-sized corporations; and group non-medical insurance products, prin cipally term life, universal life, disability, dental, vision, accident, and critical illness insurance to the employer market place through various forms of contributory and non-contributory plans. Lincoln National Corporation distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries. Lincoln National Corporation was founded in 1904 and is headquartered in Radnor, Pennsylvania.
Advisors' Opinion:- [By John Kell]
Lincoln National Corp.'s(LNC) fourth-quarter profit rose 9.7%, as it posted higher-than-expected operating revenue.
Marathon Oil Corp.(MRO) reported lower fourth-quarter sales volume, though the crude oil and natural gas producer’s bottom line grew 16% due to fewer income tax provisions.
- [By Andrew Bary]
Life stocks are up more than 2% on average, making them one of the strongest groups in the S&P 500 today. The Protective Life deal highlights the discounted valuation in the sector, where leading stocks have some of the lowest valuations in the S&P 500. MetLife (MET) is up 3% to $54.80; Prudential Financial (PRU) has risen 2.8% to $88.44 and Lincoln National (LNC) has gained 2.6% to $51.25.
Top Insurance Stocks To Buy Right Now: ING Groep NV (INGA)
ING Groep N.V. (ING) is a global financial institution offering banking, investments, life insurance and retirement services to meet the needs of the customers. The Company�� segments include banking and insurance. Banking segment includes retail Netherlands, retail Belgium, ING direct, retail central Europe (CE), retail Asia, commercial banking (excluding real estate), ING real estate and corporate line banking. Insurance segment includes insurance Benelux, insurance central and rest of Europe (CRE), insurance United States (US), Insurance US closed block VA, insurance Asia/Pacific, ING investment management (IM) and corporate line insurance. In November 2013, the Company completed the sale of ING Hipotecaria to Banco Santander (Mexico), S.A. In December 2013, the Company completed the sale of its 33.3% interest in China Merchants Fund to its joint venture partners China Merchants Bank Co Ltd and China Merchants Securities Co Ltd, and divested ING Life Korea to MBK Partners. Advisors' Opinion:- [By Sofia Horta e Costa]
ING (INGA), which received a 10 billion-euro government bailout in 2008, gained 5.1 percent to 8.26 euros. Underlying pretax profit for the banking unit rose 14 percent to 1.15 billion euros in the second quarter as the interest margin improved and cost cuts paid off, the biggest Dutch financial-services company said.
Top Insurance Stocks To Buy Right Now: Aviva PLC (AVV)
Aviva plc (Aviva) is an insurance group engaged in provision of products and services, such as long-term insurance and savings, fund management and general insurance. Aviva provides long-term insurance and savings, general and health insurance, and fund management products and services. Its business is managed on four geographic regions: United Kingdom, Europe, North America and Asia Pacific. The four regions, together with Aviva Investors, function as six operating segments. The UK region is split into the UK Life and UK General Insurance segments, which undertake long-term insurance and savings business and general insurance, respectively. In April 2013, it transferred its holding in Spanish joint venture Aseval to Bankia. In October 2013, Aviva sold Aviva USA Corporation to Athene Holding Ltd. Effective December 12, 2013, Redefine International Plc, a unit of Redefine Properties Ltd, acquired Weston Favell Shopping Centre from Aviva Commercial Finance Ltd, a unit of Aviva plc. Advisors' Opinion:- [By Namitha Jagadeesh]
Kabel Deutschland Holding AG rose to a record after getting an offer from Liberty Global Plc. Aveva Group Plc (AVV) jumped 5.4 percent as Citigroup Inc. upgraded the shares. Danske Bank A/S (DANSKE) dropped 6.1 percent after Denmark�� financial regulator ordered it to increase its risk-weighted assets. Royal Imtech NV fell to the lowest price since 2004 after posting a first-quarter loss on costs relating to a fraud investigation.
Top Insurance Stocks To Buy Right Now: NMI Holdings Inc (NMIHZ)
NMI Holdings, Inc. (NMIH), incorporated on May 19, 2011, is a development-stage company. The Company through its subsidiaries provides private mortgage insurance in the United States. The Company�� wholly owned subsidiaries include National Mortgage Insurance Corporation and National Mortgage Reinsurance Inc One.
On April 24, 2012, NMI Holdings, Inc. (NMI) closed an agreement with MAC Financial Ltd. to acquire MAC Financial Holdings Corporation and its wholly owned subsidiaries. On September 30, 2013, the Company merged MAC Financial Holding Corporation into NMIH, with NMIH surviving the merger, and it merged NMRI Two into NMIC, with NMIC surviving the merger.
Advisors' Opinion:- [By Zachary Tracer]
NMI Holdings Inc. (NMIHZ), a mortgage insurer backed by funds tied to Carlyle Group LP (CG) and Kyle Bass, filed to sell shares in an initial public offering as investors bet on a housing-market rebound.
Top Insurance Stocks To Buy Right Now: Federated National Holding Co (FNHC)
Federated National Holding Company (Federated National), formerly 21st Century Holding Company, is an insurance holding company, which through its subsidiaries and its contractual relationships with its independent agents and general agents, controls all aspects of the insurance underwriting, distribution and claims processes. Federated National is authorized to underwrite homeowners��multi-peril (homeowners), personal umbrella, commercial general liability, following form commercial excess liability, personal and commercial automobile, fire, allied lines, workers��compensation, business personal property and commercial inland marine insurance. On January 26, 2011, Federated National merged into the Company�� other wholly owned subsidiary, American Vehicle Insurance Company (American Vehicle), with resulting entity being Federated National.
Federated National markets and distributes its own and third-party insurers��products and its other services through a network of independent agents. The Company also utilize a select number of general agents for the same purpose. During 2010, the Company processed property and liability claims stemming from its homeowners�� commercial general liability and private passenger automobile lines of business. Through contractual relationships with a network of approximately 4,200 independent agents, of which approximately 400 sell and service its products, Federated National is authorized to underwrite homeowners�� fire, allied lines and personal automobile insurance in Florida.
American Vehicle is licensed as an admitted carrier in Florida, and underwrites commercial general liability, and personal and commercial automobile insurance. American Vehicle is also licensed as an admitted carrier in Alabama, Louisiana, Georgia and Texas, and underwrites commercial general liability insurance in those states. American Vehicle operates as a non-admitted carrier in Arkansas, California, Kentucky, Maryland, Missouri, Nevada, Oklahoma, South ! Carolina, Tennessee and Virginia, and can underwrite commercial general liability insurance in all of these states. During 2010, 79.7%, 12.3%, 4.1% and 3.9% of the premiums the Company underwrote were for homeowners�� commercial general liability, federal flood, and personal automobile insurance, respectively. Federated National internally processes claims made by its insured through its wholly owned claims adjusting company, Superior Adjusting, Inc. (Superior). It also offers premium financing to its own and third-party insured through its wholly owned subsidiary, Federated Premium Finance, Inc. (Federated Premium).
Homeowners��Property and Casualty Insurance
Federated National underwrites homeowners��insurance primarily in the South, West and Central Florida regions. Homeowners��insurance protects an owner of real and personal property against covered causes of loss to that property. The Company�� homeowner insurance products provide maximum dwelling coverage in the amount of approximately $0.8 million, with the aggregate maximum policy limit being approximately $1.5 million. Premium rates are regulated and approved by the Florida OIR.
Commercial Residential Property Insurance
The Florida OIR has granted Federated National the authority to write commercial residential property insurance under the fire line of business. This class of business affords property coverage primarily to associations with property commonly owned by the tenants of the association. Aggregate policy limits ranged between $1.0 million and $20 million. Additionally, Federated National has secured automatic facultative reinsurance for insured values up to $10 million with permission to individually submit attractive risks greater than $10 million to its reinsurers for quote and binding authority.
Commercial General Liability and Inland Marine
The Company underwrite commercial general liability insurance for approximately 350 classes of artisan ! (excludin! g home-builders and developers) and mercantile trades (such as owners, landlords and tenants). The limits of liability range from $100,000 per occurrence with a $200,000 policy aggregate to $1 million per occurrence with a $2 million policy aggregate. The Company markets the commercial general liability insurance products through independent agents and a limited number of general agencies unaffiliated with the Company.
Personal Automobile
Personal automobile insurance markets can be divided into two categories: standard automobile and nonstandard automobile. Standard personal automobile insurance is provided to insureds who present an average risk profile in terms of driving record, vehicle type and other factors. Nonstandard personal automobile insurance is provided to insureds that are unable to obtain standard insurance coverage because of their driving record, age, vehicle type or other factors, including market conditions. During 2010, the average annual premium on policies was approximately $1,325, and the nonstandard personal automobile insurance lines represented 100% of its written premiums for personal automobile insurance. Federated National underwrites new and renewal policies for this coverage on primarily an annual basis and to a much lesser extent, on a semi-annual basis. American Vehicle underwrites standard personal automobile insurance policies.
Flood
Federated National writes flood insurance through the National Flood Insurance Program (NFIP). The Company writes the policy for the NFIP, which assumes 100% of the flood risk while it retains a commission for its service. The average flood policy premium is approximately $570 with limits up to $250,000.
Assurance MGA
Assurance MGA, a wholly owned subsidiary of Federated National, acts as Federated National�� and American Vehicle�� exclusive managing general agent in the state of Florida and is also licensed as a managing general agent in the states of Al! abama, Ar! kansas, Georgia, Illinois, Louisiana, North Carolina, Mississippi, Missouri, New York, Nevada, South Carolina, Texas and Virginia. Assurance MGA has contracted with several unaffiliated insurance companies to sell commercial general liability, workers compensation, personal umbrella and inland marine insurance through Assurance MGA�� existing network of agents. Assurance MGA earns commissions and fees for providing policy administration, marketing, accounting and analytical services, and for participating in the negotiation of reinsurance contracts. The homeowner policy provides Assurance MGA the right to cancel any policy within a period of 90 days from the policy's inception with 25 days��notice, or after 90 days from policy inception with 95 days��notice, even if the risk falls within its underwriting criteria.
Superior
Superior processes claims made by insured from Federated National and American Vehicle. Its agents have no authority to settle claims or otherwise exercise control over the claims process. Federated National also employs an in-house legal department to manage claims-related litigation and to monitor its claims handling practices for compliance.
Federated Premium
Federated Premium provides premium financing to Federated National's, American Vehicle�� and third-party�� insureds. Premium financing has been marketed through the Company�� distribution network of general agents and independent agents. Premiums for property and casualty insurance, in certain circumstances, are payable at the time a policy is placed in- force or renewed. Federated Premium's services allow the insured to pay a portion of the premium when the policy is placed in-force and the balance in monthly installments over a specified term, between six and nine months.
Insure-Link, Inc. (Insure-Link)
Insure-Link serves as an independent insurance agency. The insurance agency markets direct to the public to provide a variety of in! surance p! roducts and services to individual clients, as well as business clients, by offering a line of insurance products, including, but not limited to, homeowners�� personal and commercial automobile, commercial general liability and workers��compensation insurance through their agency appointments with over fifty different carriers. There were no other agency relationships with affiliated captive or franchised agents during 2010.
The Company competes with Castle Key (formerly Allstate Floridian) Indemnity Insurance Company, Fidelity National Insurance Company, Universal Property and Casualty Insurance Company, Royal Palm Insurance Company, St. Johns Insurance Company, Cypress Property and Casualty Insurance Company, American Strategic Insurance Company, Century Surety Insurance Company, Atlantic Casualty Insurance Company, Colony Insurance Company, Burlington/First Financial Insurance Companies, Kingsway Amigo Insurance Company, United Automobile Insurance Company, Direct General Insurance Company, Ocean Harbor Insurance Company, Progressive Casualty Insurance Company, and GEICO.
Advisors' Opinion:- [By Louis Navellier]
Federated Nationals Insurance Company (FNHC) is another little insurance company that is showing huge profits right now. They also specialize in homeowners insurance as well as umbrella liability, workers comp and inland marine policies. Sales and profits were both up triple digits in the most recent quarter and posted an 84% positive earning surprise.
- [By , Zacks Investment Research]
Here are five�stocks that made it through this week’s screen:
AmTrust Financial (AFSI) Allied World Assurance (AWH) Chatham Lodging Trust (CLDT) Federated National Holding Co. (FNHC) Whitewave Foods (WWAV)Get the rest of the stocks on this list and start screening for these companies on your own.
- [By Damian Illia]
As we can see, the firm ratio is higher than the ones shown by Alleghany, Fidelity, Federated National Holding Co. (FNHC) and Global Indemnity Plc (GBLI).
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