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Atlantic American Corp. Leads Monday's AMBG as Global Insurance Index Rises 0.89%

Tue. August 12, 2008; Posted: 12:00 PM
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OLDWICK, N.J., Aug 12, 2008 (A. M. Best via COMTEX) -- AAME | Quote | Chart | News | PowerRating -- The AMBG closed Monday, Aug. 11, at 1064.75 (+0.89%). Of the 15 A.M. Best stock indexes, 14 rose and one declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) were Atlantic American Corp. (+14.89%) and CRM Holdings (+7.50%). Trailing the list of global insurance stocks were Dongbu Insurance Co. (-4.53%) and Affirmative Insurance Holdings Inc. (-3.75%).

The European Insurance Index led the sector indexes, with the U.S. Multi-Line Insurance Index trailing the list. In descending order, the A.M. Best Insurance Stock Indexes closed at:

European Insurance Index (AMBEUR) +1.50%

Global Reinsurance Index (AMBGR) +1.46%

Global Non-Life Insurance Index (AMBGNL) +1.07%

Global Life Insurance Index (AMBGL) +1.00%

U.S. Property/Casualty Insurance Index (AMBUPC) +0.91%

Global Composite Index (AMBG) +0.89%

Asia/Pacific Insurance Index (AMBAP) +0.82%

U.S. Life Insurance Index (AMBUL) +0.79%

Global Insurance Brokers Index (AMBGB) +0.77%

U.S. Life and Health/HMO Insurance Index (AMBULH) +0.73%

U.S. Health and HMO Insurance Index (AMBUH) +0.67%

U.S. Insurance Brokers Index (AMBUB) +0.65%

Global Multi-Line Insurance Index (AMBGML) +0.56%

U.S. Insurance Index (AMBUS) +0.55%

U.S. Multi-Line Insurance Index (AMBUML) -0.87%

The U.S. Insurance Index (AMBUS) closed at 982.08 (+0.55%). Leading the AMBUS were Atlantic American Corp. (+14.89%) and CRM Holdings (+7.50%). Trailing the AMBUS were Affirmative Insurance Holdings Inc. (-3.75%) and American International Group Inc. (-1.61%).

The European Insurance Index (AMBEUR) closed at 1202.54 (+1.50%)%. Leading the AMBEUR were Brit Insurance Holdings (+6.63%) and Aegon N.V. (+4.96%). Trailing the AMBEUR were Omega Insurance Holdings (0.00%) and Paris Re Holdings (0.00%).

The Asia/Pacific Insurance Index (AMBAP) closed at 1264.74 (+0.82%). Leading the AMBAP were Nissay Dowa General Insurance (+2.94%) and Aioi Insurance Co. Ltd. (+2.74%). Trailing the AMBAP were Dongbu Insurance Co. (-4.53%) and Hyundai Marine & Fire Insurance Co. Ltd. (-3.61%).

The Global Reinsurance Index (AMBGR) closed at 1187.95 (+1.46%). Leading the AMBGR were Aegon N.V. (+4.96%) and Euler Hermes (+3.62%). Trailing the AMBGR were China Insurance International Holdings (-2.71%) and XL Capital (-1.26%).

The Global Broker Index (AMBGB) closed at 1106.04 (+0.77%). Leading the AMBGB were Benfield Group (+3.03%) and Jardine Lloyd Thompson Group plc (+2.88%). Trailing the AMBGB were Aon (0.00%) and Marsh & McLennan Cos. (+0.61%).

The Global Multi-Line Insurance Index (AMBGML) closed at 934.45 (+0.56%). Leading the AMBGML were Atlantic American Corp. (+14.89%) and Unitrin (+5.54%). Trailing the AMBGML were American International Group (-1.61%) and Assurant (-1.19%).

The Global Nonlife Insurance Index (AMBGNL) closed at 1148.92 (+1.07%). Leading the AMBGNL were CRM Holdings (+7.50%) and Presidential Life Corp. (+6.98%). Trailing the AMBGNL were Dongbu Insurance Co. (-4.53%) and Affirmative Insurance Holdings Inc. (-3.75%).

The Global Life Insurance Index (AMBGL) closed at 1107.03 (+1.00%). Leading the AMBGL were Conseco (+6.05%) and Phoenix Cos. (+5.09%). Trailing the AMBGL were China Insurance International Holdings (-2.71%) and Aetna (-1.47%).

The U.S. Property/Casualty Index (AMBUPC) closed at 1132.14 (+0.91%). Leading the AMBUPC were CRM Holdings (+7.50%) and Baldwin & Lyons (+6.23%). Trailing the AMBUPC were Affirmative Insurance Holdings Inc. (-3.75%) and XL Capital (-1.26%).

The U.S. Multi-Line Insurance Index (AMBUML) closed at 554.59 (-0.87%). Leading the AMBUML were Atlantic American Corp. (+14.89%) and Unitrin (+5.54%). Trailing the AMBUML were AIG (-1.61%) and Assurant (-1.19%).

The U.S. Life Insurance Index (AMBUL) closed at 1216.65 (+0.79%). Leading the AMBUL were Presidential Life Corp. (+6.98%) and Conseco (+6.05%). Trailing the AMBUL were Nationwide Financial Services (0.00%) and Prudential Financial Inc. (+0.01%).

The U.S. Life and Health/HMO Insurance Index (AMBULH) closed at 1136.49 (+0.73%). Leading the AMBULH were Presidential Life Corp. (+6.98%) and Conseco (+6.05%). Trailing the AMBULH were Aetna (-1.47%) and Universal American (-0.07%).

The U.S. Health and HMO Index (AMBUH) closed at 1049.42 (+0.67%). Leading the AMBUH were Penn Treaty American (+2.82%) and Triple-S Management Corp. (+2.07%). Trailing the AMBUH were Aetna (-1.47%) and Universal American (-0.07%).

The U.S. Insurance Brokers Index (AMBUB) closed at 1090.73 (+0.65%). Leading the AMBUB were Arthur J. Gallagher & Co. (+1.78%) and Willis Group Holdings (+1.65%). Trailing the AMBUB were Aon (0.00%) and Marsh & McLennan Cos. (+0.61%).

Performance rankings of companies in each A.M. Best insurance sector index are published weekly in BestWeek.

The A.M. Best stock indexes cover 178 publicly traded insurance companies and brokers. Index values are calculated by Dow Jones Indexes in U.S. dollars. Companies in the A.M. Best stock indexes include insurers and insurance-related organizations with credit ratings from A.M. Best, along with brokers. A.M. Best does not provide investment recommendations. A listing of companies in each A.M. Best Index is available at http://www.ambest.com/stocks.

For full details for AAME click here.

    


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