Thursday, January 30, 2014

13 Largest US Life Insurance Companies Average Stock Prices Down 71% Due to Financial Meltdown Spillover Effects, Then Up 577% Under Obama and the US Fed

I found 13 US Life Insurance Companies classified in the Financial Sector at Yahoo's superb Finance website with current Total Market Capitalizations of at least $100 mil each and which also had their common stocks trading on each of the following three dates: on December 31, 2007 during President Bush's second term, on March 6, 2009, very early in President Obama's first term, which was their lowest point due to the spillover effects resulting from the 2008 financial meltdown, and also on January 29, 2014.
   
The historical stock prices of these companies were obtained from the following two excellent internet resources....  Google Finance and MarketWatch Big Charts.

These 13 US Life Insurance Companies had their average stock prices drop by a massive 71% from December 31, 2007 during President Bush's second Presidential term, to March 6, 2009, very early in President Obama's first term, which was the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Financial Meltdown.

But since March 6, 2009, the average stock prices of these same 13 US Life Insurance Companies have increased by a very impressive 577% through January 29, 2014, led by Genworth Financial's stock price increasing by more than 16 times and Protective Life's stock price advancing by more than 14 times.
 
Clearly, the investors in and employees of these 13 US Life Insurance Companies must be very pleased with the impact of actions taken by both the Obama Administration and the US Fed to successfully rescue the US economy from its extremely weakened state caused by the 2008 US financial meltdown.

Below here are the market prices of each of these 13 US Life Insurance Companies on January 29, 2014, on March 6, 2009, and on December 31, 2007, sorted by Percentage Increase from March 6, 2009 to January 29, 2014:






Market Market






Price Price






% %






Change Change



 Market   Market   Market  3-6-09 12-31-07



 Price   Price   Price  to to
Life Insurance Companies HQs
 1-29-14   3-6-09   12-31-07  1-29-14 3-6-09








Genworth Financial Richmond VA      14.87        0.84      25.45 1670% -97%
Protective Life Birmingham AL      48.60        3.20      41.02 1419% -92%
Lincoln National Radnor PA      46.87        5.40      58.22 768% -91%
The Phoenix Companies Hartford CT      45.10        5.80     237.40 678% -98%
Prudential Financial Newark NJ      83.82      11.38      93.04 637% -88%
American Equity Investment Life West Des Moines IA      21.95        3.19        8.29 588% -62%
Torchmark McKinney TX      74.07      11.37      40.35 551% -72%
MetLife New York NY      48.85      12.22      61.62 300% -80%
National Western Life Insurance Austin TX     219.31      65.05     207.37 237% -69%
Independence Holding Stamford CT      11.85        3.59      11.50 230% -69%
Reinsurance Group America Chesterfield MO      73.23      22.40      52.48 227% -57%
Kansas City Life Insurance Kansas City MO      47.39      16.18      43.59 193% -63%
Citizens Inc Austin TX        6.91        6.60        5.53 5% 19%








Average % Change all 13




577% -71%