Insurance isn’t boring. At least from an investment point of view. The business of underwriting insurance can be immensely profitable when done right. Just ask our latest Best Dividend Growth Stocks Model addition. It’s been using its float and underwriting prowess to churn out rising dividends for over 15 years, including a hefty amount of special one-time payouts!
Our pick is a classic property & casualty (P&C) insurer. However, our pick isn’t going to insure your car or home. It provides niche and specialized insurance for businesses, governments and other enterprises. Thanks to a variety of factors, insurance underwriting continues to grow more advanced. As such, our pick has been able to feast on higher premiums.
And it has turned those premiums into a hefty float and investment portfolio. Much to investors’ delight. In the end, our pick remains a top dividend choice in the boring industry.
In order to make room for our new P&C pick, we’ve also added a home improvement retailer to the list. We’ve been forced to remove another insurance stock as well as a consumer products name from the list.
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
