Why would I buy shares of an insurance company?
Insurance companies are very conservative with the money, that is what I expect from them. The premiums collected become a source of fund for these companies to be put into reserves as investments - they put a lot of money into reserves to protect them in the event of a crisis. Insurance company stocks belong to Financial Sector. Regulations require these companies to invest conservatively to have funds available to pay claims. A well-managed mature insurance company starts to grow rapidly with the passing of years.