Uncertainty about how regulators will apply systemic risk rules to insurers may be hurting life insurer stock prices, according to Thomas Gallagher.
Gallagher, a securities analyst in the New York office of Credit Suisse, makes that suggestion in a first-quarter earnings season preview comment.
U.S. life stock values have been soft, even though economic conditions look as if they 
should be reasonably positive for U.S. life insurers, Gallagher says.
One reason for sluggish stock prices could be the relatively weak stock price performance of the financial services companies that have already reported first-quarter earnings, and another reason could be the possibility that some life insurers might issue more stock, Gallagher says.
