Worked in the insurance industry for 20 years. Slowly moving up the ladder. If you want a stable stock look into insurance. They are allowed to do accounting tricks other companies can't. For example TRV makes up their actuarial opinion based on projected profit. If they have a bad year they release enough reserve to look profitable. If they have a good quarter they increase reserves to prepare for the bad. The actuarial opinions are backed into after they know the quarterly results to get to where they want.