The insurance industry has created many great fortunes. That's because it's slow changing and highly profitable. Investing in insurance stocks is how Shelby Davis made $900 million from $50,000 starting in his late 30s.
Going forward, the insurance industry should benefit from a key growth catalyst, which is rising interest rates. Higher interest rates widen the spread between what insurance companies earn on their invested capital, versus what they pay out in claims.
With that in mind, income investors looking for strong dividend stocks to buy in 2017 and beyond should take a closer look at the following six insurance companies.