Insurance companies tend to perform exceptionally well during periods of weak economic growth and recession. That’s because insurance coverage is something people need regardless of how the economy is performing. As we head into a difficult 2023, insurance stocks with strong fundamentals should attract considerable interest from investors. We’ve added a blue-chip Fortune 500 insurance company to our Best Financial Dividend Stocks List.
Thanks to continued strength in quarterly earnings, outperformance in specialty segments and a solid track record of dividend growth, our pick provides a strong value proposition for income investors. Upbeat fiscal guidance should also reassure income investors that our pick has reliable upside for the foreseeable future.
To make room for our latest insurance pick, we’ve cut losses and removed a financial holding company from the list.
You can check out the Best Financial Dividend Stocks List to explore all the stocks.
