New reports from Zacks Investment Research identify the insurers experiencing the largest gain in year-over-year sales growth. While the reports do not delve into the specifics driving the growth of each company, they are still a useful guidepost.
Topping the list was Bermuda-based specialty insurer Axis Capital Holdings, which recorded year-over-year sales growth of 109.9% during the last quarter. Armonk, N.Y.-based MBIA Inc. was the second fastest grower with year-over-year sales growth of 71.1% during the last quarter. New York-based Tower Group had sales growth of 65.3% compared to the same quarter the last year. Richfield, Ohio-based National Interstate Insurance Co. (57.2%) and New York-based AmTrust Financial Services Inc. (48%) round out the top five.
On the Life and Health side, American Equity Investment lead the way with year-over-year sales growth of 223% during the last quarter. Philadelphia, Pa.-based Lincoln National saw sales rise 25.5% during last quarter. New York-based MetLife (21.5%), Columbus, Ga.-based Aflac (19.2%) and Philadelphia, Pa.-based Delphi Financial Group, Inc. (16.9%) also had big quarters.
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Corrected December 8, 2010 at 12:44PM: yes