Insurance and Interconnectedness in the Financial Services Industry
Insurance and Interconnectedness in the Financial Services Industry
Insurance and Interconnectedness in the Financial Services Industry
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
FIGURE 3<br />
Compounded monthly returns for f<strong>in</strong>ancial services portfolios<br />
PANEL A COMPOUNDED RETURNS BASED ON TYPE OF FINANCIAL SERVICE<br />
Value<br />
of $1<br />
$14<br />
$12<br />
$10<br />
$8<br />
$6<br />
$4<br />
$2<br />
$0<br />
Jan-‐94<br />
Jan-‐95<br />
Jan-‐96<br />
Jan-‐97<br />
PANEL B COMPOUNDED RETURNS BASED ON TYPE OF INSURANCE<br />
Value<br />
of $1<br />
$8<br />
$7<br />
$6<br />
$5<br />
$4<br />
$3<br />
$2<br />
$1<br />
$0<br />
Brokerage Bank<strong>in</strong>g<br />
<strong>Insurance</strong> Real estate<br />
Hedge funds S&P 500<br />
Jan-‐98<br />
Jan-‐99<br />
Jan-‐00<br />
Jan-‐01<br />
Jan-‐02<br />
Jan-‐03<br />
Month<br />
Bond <strong>in</strong>surance Life <strong>in</strong>surance<br />
Accident <strong>and</strong> health <strong>in</strong>surance Property <strong>and</strong> casualty <strong>in</strong>surance<br />
O<strong>the</strong>rs AIG<br />
Jan-‐94<br />
Sep-‐94<br />
May-‐95<br />
Jan-‐96<br />
Sep-‐96<br />
May-‐97<br />
Jan-‐98<br />
Sep-‐98<br />
May-‐99<br />
Jan-‐00<br />
Sep-‐00<br />
May-‐01<br />
Jan-‐02<br />
Sep-‐02<br />
May-‐03<br />
Jan-‐04<br />
Sep-‐04<br />
May-‐05<br />
Jan-‐06<br />
Sep-‐06<br />
May-‐07<br />
Jan-‐08<br />
Sep-‐08<br />
May-‐09<br />
Jan-‐10<br />
Sep-‐10<br />
Month<br />
Jan-‐04<br />
Jan-‐05<br />
Jan-‐06<br />
Jan-‐07<br />
Jan-‐08<br />
Jan-‐09<br />
Jan-‐10<br />
30
Change language