Insight and Intelligence on the London & International Insurance Markets 22 Jan 2018
Tax cuts to generate double-digit EPS growth at US P&C carriers
- 20 December 2017
Domestic carriers that are heavily concentrated in the US will benefit the most from a cut in the corporate tax rate to 21 percent from 35 percent, with equity analysts estimating around a double-digit uplift in next year's earnings.
Allstate, WR Berkley and Travelers were among the insurers estimated to record the strongest gains from a reduction in taxes, as well as broker Brown & Brown.
Meanwhile, non-US domiciled companies such as Bermudian (re)insurers would be negatively impacted by an...
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