Insurers Are Buying Back More Stock as Pricing Softens
Stock buybacks among P&C insurers could be coming just in time to help support earnings.
Overview
In the first half of 2026, Progressive (NYSE: PGR) bought back roughly $1 billion worth of its own stock. Chubb (NYSE: CB) bought back $1.37 billion in shares in the second quarter alone (bringing its first-half repurchases to $2.12 billion). Those numbers make Prudential's (NYSE: PRU) $250 million in second-quarter share repurchases sound like chump change, even though that's still a massive amount of cash to devote to a stock buyback.
Stock buybacks are often pitched as a way to return value to shareholders, and they are. However, there's another issue to consider here that may be just as important: Property and casualty insurance pricing is softening.
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Originally published at www.fool.com.