The stronger results typically are unveiled at the start of reporting season, says John Lockton from Wilsons Advisory, yet this week has been very encouraging. The broader technology sector has been among the winners, with over 40% of listed companies already out with reports, and 43% surprising to the upside. John is watching the insurance sector closely, namely Insurance Australia Group (IAG), QBE Insurance (QBE) and Suncorp (SUN) with all stocks trading lower than pre COVID-19 levels. Looking ahead on the dividend front, Wilsons doesn't think underlying payouts are going to get back to pre-COVID-19 levels, especially when it comes to the insurers, but says it isn't a "disaster" by any stretch of the imagination
I know this information is on Australia insurance but interest might filter down.
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