UBS: European Insurers Show 2.6% Q1 Volatility

UBS report finds European insurance stocks' Q1 price dispersion averaged 2.6%, lower than the 3.9% across all periods over the past four years.
Q2 historically exhibits the highest volatility, while multi‑line insurers show the least dispersion and Nordic insurers the most.
SCOR SE, Gjensidige Forsikring ASA and Prudential PLC recorded the greatest Q1 share‑price swings, with Prudential’s volatility driven by two extreme results.
UBS suggests using these historical patterns and current crowding data to gauge potential volatility ahead of 1Q26 earnings.