Second quarter went by in a flash. And from what I’ve seen, insurance companies did a credible job of minimizing surprises (an important component of managing uncertainty).
But as I settle back to consider what’s next, I have to say it feels like we’re all holding our breath. We all seem to be waiting for “something” to happen on any one of a number of fronts — pricing, reserve adequacy, yields, etc.
I encourage using this lull, which is likely to be brief, to look seriously at strategic messaging. Companies can protect management credibility and avoid unnecessary surprises by using third-quarter disclosures as part of any transition in business strategy, metrics or performance targets.
This also is a good time to look at the business description in the 10-K. SEC filed documents are among the most important resources for institutional holders. In addition, the SEC is stressing consistency between those materials and other communications.
My plans for the coming weeks include attending an industry conference in New York and watching closely for SEC commentary on proxy rules and other topics. I’ll post insights.
Filed under: Investor Relations |