PT  - JOURNAL ARTICLE
AU  - William Poutsiaka
AU  - Lawrence Pohlman
AU  - Patrick Pollard
TI  - Got Equities? <em>An Unfulfilled Opportunity for P&C Companies to Improve Ratings and Long-Term Financial Performance</em>
AID  - 10.3905/JOI.2009.18.2.026
DP  - 2009 May 31
TA  - The Journal of Investing
PG  - 26--32
VI  - 18
IP  - 2
4099  - https://pm-research.com/content/18/2/26.short
4100  - https://pm-research.com/content/18/2/26.full
AB  - A primary reason that insurance companies allocate very small portions of their portfolios to equities is the concern that even modest allocations will reduce their ratings. This article shows that contrary to the conventional wisdom, the highest-rated companies have higher allocations to equities. It provides likely explanations for this relationship of higher allocation to equities and higher ratings.TOPICS: Portfolio management/multi-asset allocation, risk management, exchanges/markets/clearinghouses