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Conning: P/C Mutual Companies Grow to Meet Need, Stock Companies Need to Grow

Growth strategies and actual performance differ greatly between mutual and stock companies, according to a new study by Conning Research, "Mutuals and Stocks in the...
September 1, 2004

Growth strategies and actual performance differ greatly between mutual and stock companies, according to a new study by Conning Research, "Mutuals and Stocks in the Property-Casualty Industry: How Does Your Company Grow?"  "We found that the company structure and size was influential in a number of performance factors," said Geri Riley, Analyst at Conning.  "These factors included growth as well as risk tolerance, among others.  Overall, stock insurers outperformed mutual insurers on an underwriting basis over the study period, yet the smaller mutuals tended to outperform the smaller stock insurers."  The study reviewed statutory data from 1998 through 2002 for both stocks and mutuals.  The study may be purchased at Conning's website

Mutuals and Stocks in the Property-Casualty Industry (Conning Press Release 8/23/04)

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