1049 GMT - Steepening European yields and lower borrowing costs in the U.K. and U.S. will support life insurers over nonlife insurers, analysts at UBS write. Noting the broader insurance sector's outperformance in 2025, a famine won't immediately follow the feast, the analysts say. However, nonlife insurers will experience revenue squeezed by pricing pressure next year, they say. Broadly, the sector benefits from strong balance sheets, which could drive greater returns to investors, they add. Phoenix Group gains 4% after UBS upgrades its rating on the stock to buy from neutral, citing the potential for excess to be deployed toward investment. London-listed Prudential and Aviva gain 2.4% and 1.6%, respectively. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
December 17, 2025 05:49 ET (10:49 GMT)
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