Canada Stocks<\/strong><\/p>\n Manulife Financial (MFC-T)<\/a> Life & Health Insurance<\/strong> Opinion about MFC-T: Took profits not too long ago. Range-bound over last 12+ months. In the right spot, and aging demographics will help its asset management. Likes it longer term. Nice dividend yield of ~3.9%, expected to grow over time. He still owns SLF.<\/p>\n\t\t<\/a>\n\t<\/div>\n\t Industrial-Alliance Life Ins (IAG-T)<\/a> Opinion about IAG-T: (A Top Pick Nov 13\/20, Up 33%) Has started buying back shares and paying dividends. Financials should do well as the yield curve steepens. Valuation is not as compelling as before. Middle of the pack. Has moved to US banks and non-financial banks in Canada.<\/p>\n\t\t<\/a>\n\t<\/div>\n\t Sun Life Financial Inc (SLF-T)<\/a> Opinion about SLF-T: Holding onto this one, despite selling MFC due to range-bound performance right now.<\/p>\n\t\t<\/a>\n\t<\/div>\n\t Great West Lifeco (GWO-T)<\/a> Opinion about GWO-T: (A Top Pick Aug 14\/24, Up 31%) Are totally different from MFC and SLF which have businesses in China and India. GWO instead has business in Europe where they can buy attractive companies. Is an income stock. Trades at only 11x PE, with strong growth. A core holding. Pays a dividend around…<\/p>\n\t\t<\/a>\n\t<\/div>\n\t Fairfax Financial (FFH-T)<\/a> Property & Casualty Insurance<\/strong> Opinion about FFH-T: In the defensive part of Canadian financial services. Underwriting profitability consistently getting better, the core reason why stock's been doing better. Opportunity to term out its fixed income portfolio. Not a screaming bargain today, but makes sense as part of a diversified portfolio especially as we pivot away from banks and get…<\/p>\n\t\t<\/a>\n\t<\/div>\n\t Intact Financial (IFC-T)<\/a> Opinion about IFC-T: P&C insurance tends to be more counter-cyclical. People tend to rush in when the rest of the market isn't flying. Now a very reasonable valuation. Hang-up for him is the growth outlook. Largest market share in Canada, so has to go to international markets (which are less certain). Very well run.If you…<\/p>\n\t\t<\/a>\n\t<\/div>\n\t U.S. Stocks<\/strong><\/p>\n St. Paul Travelers Companies Inc. (TRV-N)<\/a> Property & Casualty Insurance<\/strong> Opinion about TRV-N: Trades at 11x earning at 10% premium growth. They've raised the dividend 20 straight years.<\/p>\n\t\t<\/a>\n\t<\/div>\n\t First American Corp. (FAF-N)<\/a> Opinion about FAF-N: (A Top Pick Jun 27\/18, Up 3%) They are in the home insurance business and more particularly title insurance. In the US housing markets, prices have softened. This has had a negative effect on this name. The title insurance premium charged is based on the price of the home. So this has…<\/p>\n\t\t<\/a>\n\t<\/div>\n\t Allstate (ALL-N)<\/a> Opinion about ALL-N: They home and car insurance in North America, doing an amazing job. Over 20 years, they bought back 66% of their shares. At this rate, they will buy the rest in 16 years. Trades at 11x PE with double-digit earnings growth. Insurance rates are rising. (Analysts\u2019 price target is $219.32)<\/p>\n\t\t<\/a>\n\t<\/div>\n\t Kingsway Financial Services (KFS-T)<\/a> Opinion about KFS-T: $3 is going to act as resistance. He would not average down or up until we get above $3.<\/p>\n\t\t<\/a>\n\t<\/div>\n\t Markel Corporation. (MKL-N)<\/a> Opinion about MKL-N: (A Top Pick Nov 19\/19, Down 10%) Similar to Berkshire Hathaway. Would rather invest in a pure play that's easier to understand, so he sold. Good management. Good entry point here.<\/p>\n\t\t<\/a>\n\t<\/div>\n\t Progressive Corp Ohio (PGR-N)<\/a> Opinion about PGR-N: A number of P&C insurers in the US pulled back post-hurricane. Technically, not broken. Sector probably does pretty well going forward.\u00a0<\/p>\n\t\t<\/a>\n\t<\/div>\n\t Aflac Inc (AFL-N)<\/a> Life & Health Insurance<\/strong> Opinion about AFL-N: Global leaders in supplemental health insurance. Phenomenal track record of growth. A few ups and downs this year, but up nicely. Classic, long-term growth stock. If it drops, consider adding. If it goes to new highs, trim a bit.<\/p>\n\t\t<\/a>\n\t<\/div>\n\t Metlife (MET-N)<\/a> Opinion about MET-N: Higher rates are actually good for insurance companies. Yield is about 2.9%, growing at single digits and he prefers double-digit growth. The whole industry has a tailwind, and you can see it if you look at the KIE ETF.<\/p>\n\t\t<\/a>\n\t<\/div>\n\t
\nA Canadian multinational insurance company. They announced good earnings and profits, as well as pays a good dividend. They have been growing internationally, with growth particularly in Asia. They pay a dividend of 4.1%<\/p>\n![\"Manulife](\"https:\/\/data.wealthica.com\/api\/securities\/MFC-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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\nA Quebec City based insurance company with a wealth management business. Their operations are more focused on personal insurance. A more regional insurer. The dividend at 3% is considered safe.<\/p>\n![\"Industrial-Alliance](\"https:\/\/data.wealthica.com\/api\/securities\/IAG-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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\nOne of the largest and oldest life insurance companies in the world. They are diversifying into wealth management and buying real estate. A long-term hold that pays a good dividend at 4%.<\/p>\n![\"Sun](\"https:\/\/data.wealthica.com\/api\/securities\/SLF-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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\nA value pick with low volatility. They operate in North America, Europe and Asia through subsidiaries that are regionally focused. A good long-term hold when interest rates rise. However the short term rate outlook has changed and it has affected the stock. The yield is 5%.<\/p>\n![\"Great](\"https:\/\/data.wealthica.com\/api\/securities\/GWO-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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\nA financial holding company has activities in property, casualty and life insurance. They also operate in the investment management and insurance claims management sphere. It is well-run and a good long term hold.<\/p>\n![\"Fairfax](\"https:\/\/data.wealthica.com\/api\/securities\/FFH-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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\nThe largest provider of property and casualty insurance in Canada. They have a strong balance sheet and has grown well. Intact is now well-positioned to make acquisitions.<\/p>\n![\"Intact](\"https:\/\/data.wealthica.com\/api\/securities\/IFC-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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\nOne of the largest U.S. insurance companies for commercial property casualty insurance and personal insurance. They pay a dividend of 2.12%<\/p>\n![\"St.](\"https:\/\/data.wealthica.com\/api\/securities\/TRV-N\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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\nThey are in the home insurance business. This is a play on the US housing market where prices have softened. This has affected the stock performance this year. They have done a good job of consistently raising their dividend which is at 3%.<\/p>\n![\"First](\"https:\/\/data.wealthica.com\/api\/securities\/FAF-N\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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\nAn efficient insurance company that is generating free cash flow. They reduced their share count by half and raised dividends. Low interest rates have been detrimental as premiums are not generating as much income. The yield is at 2.1%<\/p>\n![\"Allstate](\"https:\/\/data.wealthica.com\/api\/securities\/ALL-N\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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\nA property and casualty insurer in the United States. They operate through several segments, each covering insurance underwriting, extended warranty, and leased real estate.<\/p>\n![\"Kingsway](\"https:\/\/data.wealthica.com\/api\/securities\/KFS-T\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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\nA holding company for insurance that invest its cash in stocks instead of bonds They are getting into wealth management through insurance but there were some hiccups last year. Still, it is a well run company with a good track record.<\/p>\n![\"Markel](\"https:\/\/data.wealthica.com\/api\/securities\/MKL-N\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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\nThe largest provider of car insurance in the U.S. They have low cost operations so their profitability and growth are higher than their peers. It\u2019s enjoyed a long-term uptrend.<\/p>\n![\"Progressive](\"https:\/\/data.wealthica.com\/api\/securities\/PGR-N\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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\nThe largest provider of supplemental insurance in the United States. They pay a dividend of 1.94%. They have consistently beat earnings and are growing. A low volatile name.<\/p>\n![\"Aflac](\"https:\/\/data.wealthica.com\/api\/securities\/AFL-N\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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\nA holding corporation for Metropolitan Life Insurance Company. They are buying back stocks. The US retirement portfolio has been doing well, and they are growing in Asia and Europe.<\/p>\n![\"Metlife](\"https:\/\/data.wealthica.com\/api\/securities\/MET-N\/logo?default=https:\/\/stockchase.com\/assets\/no_logo.png\"){kind=logo}
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