{"id":771,"date":"2022-02-05T08:52:48","date_gmt":"2022-02-05T13:52:48","guid":{"rendered":"https:\/\/www.wikifri.com\/?p=771"},"modified":"2022-02-05T08:53:08","modified_gmt":"2022-02-05T13:53:08","slug":"3-things-02-04-2022","status":"publish","type":"post","link":"https:\/\/www.wikifri.com\/3-things-02-04-2022\/","title":{"rendered":"3 Things – Earnings, SPACs -\/+ & Insurtech Hype Cycle – 02\/04\/2022"},"content":{"rendered":"

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Greetings Friends.\u00a0 It was a big earnings week so we spent a lot of it reading the reports.\u00a0 Nothing like analyzing combined ratios, operating profits and loss costs to cure your winter blues.\u00a0 Here are the three things we learned:<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Chubb Highlights Another Earnings Week<\/strong><\/p>\n

The venerable Chubb announced a\u00a0record-breaking operating income of $3.81\/share<\/a>.\u00a0 In the days of all the window dressing on earnings announcements and disappointed public insurtech investors, they are returning huge profits to their shareholders and have a 85% combined ratio.\u00a0 Other earnings came from Allstate,\u00a0achieving strategic priorities<\/a>\u00a0with the Nat Gen acquisition showing growth but also hurt by auto loss costs .\u00a0\u00a0The Hartford<\/a>, whose fundamentals look a lot like Chubb with big profits.\u00a0 And a struggling\u00a0Kemper<\/a>\u00a0who mentions many turnaround efforts needed to reverse losses.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Insurtech SPACs Come and Go<\/p>\n

Metromile used a SPAC vehicle to go public just about one year ago and that journey is nearing it’s end as\u00a0MILE shareholders have approved the merger with Lemonade<\/a>\u00a0It appears this is their best exit with stock trading in the $1-range, but is far from the original plan.\u00a0 In the same week\u00a0 a new public SPAC with pet insurance indicated a public SPAC offering.\u00a0 Despite market headwinds and while many others are canceling their plans to go public, dog walking app and pet insurer\u00a0Wag announced they will be using a SPAC to go public<\/a>.\u00a0 Pet Insurance looks like the right product to embed and make a part of a popular app \/ service, not the same full stack insurance carrier play.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Insurtech Hype Cycle Over?<\/strong><\/p>\n

With the recent news and stock performance of public insurtechs 2022 is shaping up to be a different year than 2021 as the hype cycle may be nearing it’s trough of disillusionment.\u00a0 Our friend Ian provides an insightful\u00a0post<\/a>.\u00a0 After reading through earnings this week, it ties together the theme that companies who have built businesses over the long haul are thriving while the fast-growing are showing weakness.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Thank you for following us, we appreciate your feedback and continued support.\u00a0 Until next week… stay safe, stay productive!<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Greetings Friends.\u00a0 It was a big earnings week so we spent a lot of<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n3 Things - Earnings, SPACs -\/+ & Insurtech Hype Cycle - 02\/04\/2022 - Wikifri<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wikifri.com\/3-things-02-04-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Things - Earnings, SPACs -\/+ & Insurtech Hype Cycle - 02\/04\/2022 - Wikifri\" \/>\n<meta property=\"og:description\" content=\"Greetings Friends.\u00a0 It was a big earnings week so we spent a lot of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wikifri.com\/3-things-02-04-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Wikifri\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-05T13:52:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-05T13:53:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wikifri.com\/wp-content\/uploads\/2021\/04\/Three-Things-300x157.png\" \/>\n<meta name=\"author\" content=\"Nick Coenen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Coenen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.wikifri.com\/3-things-02-04-2022\/\",\"url\":\"https:\/\/www.wikifri.com\/3-things-02-04-2022\/\",\"name\":\"3 Things - 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