Why These Insurance Stocks Have Fallen by Double Digits So Far in 2020

Why These Insurance Stocks Have Fallen by Double Digits So Far in 2020

Shares of many insurance companies fell by double-digit percentages in the first six months of 2020, according to data provided by S&P Global Market Intelligence. Shares of Allstate (NYSE: ALL), which primarily sells auto and homeowners insurance, were down 13.8% in the first half of the year. Specialty insurer Markel (NYSE: MKL) saw its shares tumble 19.2%.