Prudential Financial (NYSE:PRU), Erie Indemnity (NASDAQ:ERIE) – Rising crime means 3 high-yielding dividend stocks could be beneficiaries


Since the beginning of January 2022, companies in the insurance sector are up 2.17% compared to the S&P 500 which is down 13.23% as of September 2, 2022. With the economy reopening, many Americans decided to travel and buy new goods with the money. they have saved since March 2020.

With the return to normal, there will be more insurance claims, which will most likely lead to higher insurance premiums.

According Title lender, car thefts had been declining since the 1970s, until 2020, when vehicle thefts increased by 11.8%, which is the largest year-over-year gain measured by the FBI. These are three high-yielding insurance stocks that will benefit from rising economic activity and crime.

Prudential Financial Inc ERP offers a dividend yield of 5.06% or $4.80 per share per year, through quarterly payments, with a strong history of increasing its dividends for 15 years. Prudential Financial is the second largest life insurance company in the United States. It is a diversified insurance company offering annuities, life insurance, pension plan services and asset management products.

During the second quarter, capital returned to shareholders of $832 million included $375 million in share buybacks and $457 million in dividend payments.

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Everest Re Ltd Group RE offers a dividend yield of 2.41% or $6.60 per share per year, making quarterly payments, with a history of increasing its dividend once in the past year. Everest Re Group is engaged in the provision of insurance services in the United States, Bermuda and international markets, with its operating segments in reinsurance and insurance.

“Our focus on underwriting profitability and operational efficiencies, supported by our investment portfolio, delivered net operating income of $386 million and operating ROE of 15.3%,” said the President and CEO, Juan C. Andrade.

Erie Indemnity Co ERIE offers a dividend yield of 2.06% or $4.44 per share per year, using quarterly payments, with an excellent record of increasing its dividends for 32 consecutive years. Erie Indemnity’s results are tied to the performance of the Insurance Exchange, which primarily provides home and auto insurance to individuals, as well as property and casualty, workers’ compensation and commercial auto insurance to its commercial customers. .

In the first half of 2022, net income was $149 million, compared to net income of $153 million in the first half of 2021.


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