The insurance industry is strategically positioned for gains, benefitting from the Federal Reserve's 11 consecutive key rate hikes since March 2022, which have led to the highest benchmark rate in 22 years (5.25%-5.50%). Moreover, as the current inflation level is yet away from the Fed’s target rate of 2%, more hikes are likely in the future.
So, let us delve into three quality insurance stocks, Reinsurance Group of America, Incorporated (RGA), CNA Financial Corporation (CNA), and International General Insurance Holdings Ltd. (IGIC), that offer the opportunity to level up one’s weekly investments.
