Shares of Erie Indemnity Rank the Highest in Terms of Level of Cash in the Property & Casualty Insurance Industry (ERIE, XL, MKL, AHL, ACE)
Below are the three companies in the Property & Casualty Insurance industry with the highest cash equivalents (CE). Analysts use CE as a measure to compare the cash cushion of companies in the same industry.
Erie Indemnity ranks highest with a CE of $15,000. Following is XL Capital with a CE of $3,000. Markel ranks third highest with a CE of $2,000.
Aspen Insurance follows with a CE of $1,000, and ACE rounds out the top five with a CE of $1,000.
SmarTrend recommended that subscribers consider buying shares of Markel on February 22nd, 2016 as our technology indicated a new Uptrend was in progress when shares hit $866.05. Since that recommendation, shares of Markel have risen 13.5%. We continue to monitor Markel for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: highest level of cash erie indemnity XL Capital markel aspen insurance