Buying insurance is about as fun as watching paint dry. Owning insurance stocks? Now that’s exciting. The key comes down to their so-called float, and the ability to generate plenty of cash flows/interest income off these assets. And that’s just what our latest pick in the Best Dividend Protection Stocks Model Portfolio has done for decades.
As one of the largest insurance agencies covering property, casualty, life and even reinsurance, our pick has been able to leverage its size to produce a large float to the benefit of its investors. This has resulted in nearly three decades’ worth of dividend increases.
Better still, it has embraced technology and AI to improve its underwriting ability. This keeps its reserves pumping out interest and returns. For investors, it all translates into more dividends and plenty of growth.
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
