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Legal & General Group Leads Friday's AMBG as Global Insurance Index Rises 3.48%

Mon. November 10, 2008; Posted: 10:40 AM
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OLDWICK, N.J., Nov 10, 2008 (A. M. Best via COMTEX) -- LGGNY | Quote | Chart | News | PowerRating -- The AMBG closed Friday, Nov. 7, at 709.02 (+3.48%). Of the 15 A.M. Best stock indexes, 14 rose and one declined. Leading A.M. Best's Global Insurance Composite Index (AMBG) were Legal & General Group (+123.68%) and Conseco (+35.89%). Trailing the list of global insurance stocks were Genworth Financial (-43.19%) and CRM Holdings (-24.44%).

The European Insurance Index led the sector indexes, with the Asia/Pacific Insurance Index trailing the list. In descending order, the A.M. Best Insurance Stock Indexes closed at:

European Insurance Index (AMBEUR) +6.37%

Global Life Insurance Index (AMBGL) +5.63%

U.S. Multi-Line Insurance Index (AMBUML) +4.87%

Global Multi-Line Insurance Index (AMBGML) +4.20%

U.S. Life Insurance Index (AMBUL) +3.97%

Global Composite Index (AMBG) +3.48%

U.S. Life and Health/HMO Insurance Index (AMBULH) +3.11%

U.S. Insurance Index (AMBUS) +2.82%

U.S. Property/Casualty Insurance Index (AMBUPC) +2.50%

Global Reinsurance Index (AMBGR) +2.45%

U.S. Health and HMO Insurance Index (AMBUH) +2.21%

U.S. Insurance Brokers Index (AMBUB) +1.69%

Global Non-Life Insurance Index (AMBGNL) +1.69%

Global Insurance Brokers Index (AMBGB) +1.62%

Asia/Pacific Insurance Index (AMBAP) -1.22%

The U.S. Insurance Index (AMBUS) closed at 670.36 (+2.82%). Leading the AMBUS were Conseco (+35.89%) and Fidelity National Financial (+34.49%). Trailing the AMBUS were Genworth Financial (-43.19%) and CRM Holdings (-24.44%).

The European Insurance Index (AMBEUR) closed at 712.81 (+6.37%)%. Leading the AMBEUR were Legal & General Group (+123.68%) and Scor S.E. (+10.62%). Trailing the AMBEUR were Catlin Group (-3.57%) and Prudential plc (-2.07%).

The Asia/Pacific Insurance Index (AMBAP) closed at 1120.79 (-1.22%). Leading the AMBAP were Dongbu Insurance Co. (+15.00%) and Hyundai Marine & Fire Insurance Co. Ltd. (+12.65%). Trailing the AMBAP were Fuji Fire & Marine Insurance (-7.00%) and Nipponkoa Insurance (-5.75%).

The Global Reinsurance Index (AMBGR) closed at 885.71 (+2.45%). Leading the AMBGR were Korean Reinsurance Co. (+11.25%) and Castlepoint Holdings (+11.11%). Trailing the AMBGR were Catlin Group (-3.57%) and Singapore Reinsurance Corp. (-2.63%).

The Global Broker Index (AMBGB) closed at 946.05 (+1.62%). Leading the AMBGB were AmTrust Financial Services Inc. (+5.30%) and Willis Group Holdings (+3.76%). Trailing the AMBGB were eHealth Inc. (-4.51%) and Maiden Holdings Ltd. (-0.26%).

The Global Multi-Line Insurance Index (AMBGML) closed at 498.68 (+4.20%). Leading the AMBGML were American International Group (+12.83%) and Hartford Financial Services Group (+8.91%). Trailing the AMBGML were Atlantic American Corp. (-1.87%) and Assurant (-1.59%).

The Global Nonlife Insurance Index (AMBGNL) closed at 1010.04 (+1.69%). Leading the AMBGNL were Fidelity National Financial (+34.49%) and Affirmative Insurance Holdings Inc. (+31.06%). Trailing the AMBGNL were CRM Holdings (-24.44%) and Fuji Fire & Marine Insurance (-7.00%).

The Global Life Insurance Index (AMBGL) closed at 629.82 (+5.63%). Leading the AMBGL were Legal & General Group (+123.68%) and Conseco (+35.89%). Trailing the AMBGL were Genworth Financial (-43.19%) and Kansas City Life Insurance (-6.61%).

The U.S. Property/Casualty Index (AMBUPC) closed at 1023.98 (+2.50%). Leading the AMBUPC were Fidelity National Financial (+34.49%) and Affirmative Insurance Holdings Inc. (+31.06%). Trailing the AMBUPC were CRM Holdings (-24.44%) and Eastern Insurance Holdings (-5.10%).

The U.S. Multi-Line Insurance Index (AMBUML) closed at 158.59 (+4.87%). Leading the AMBUML were AIG (+12.83%) and Hartford Financial Services Group (+8.91%). Trailing the AMBUML were Atlantic American Corp. (-1.87%) and Assurant (-1.59%).

The U.S. Life Insurance Index (AMBUL) closed at 682.56 (+3.97%). Leading the AMBUL were Conseco (+35.89%) and Protective Life Corp. (+12.88%). Trailing the AMBUL were Genworth Financial (-43.19%) and Kansas City Life Insurance (-6.61%).

The U.S. Life and Health/HMO Insurance Index (AMBULH) closed at 687.05 (+3.11%). Leading the AMBULH were Conseco (+35.89%) and Protective Life Corp. (+12.88%). Trailing the AMBULH were Genworth Financial (-43.19%) and Kansas City Life Insurance (-6.61%).

The U.S. Health and HMO Index (AMBUH) closed at 690.14 (+2.21%). Leading the AMBUH were AFLAC Inc. (+4.44%) and Cigna (+3.46%). Trailing the AMBUH were Aetna (+0.43%) and UnitedHealth Group (+1.22%).

The U.S. Insurance Brokers Index (AMBUB) closed at 926.66 (+1.69%). Leading the AMBUB were AmTrust Financial Services Inc. (+5.30%) and Willis Group Holdings (+3.76%). Trailing the AMBUB were eHealth Inc. (-4.51%) and Maiden Holdings Ltd. (-0.26%).

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

The A.M. Best stock indexes cover 179 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 on Genworth Financial (GNW) click here. Genworth Financial (GNW) has Short Term PowerRatings of 5. Details on Genworth Financial (GNW) Short Term PowerRatings is available at This Link.

    


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