$Unitedhealth(UNH.US) Every significant drop in insurance stocks is an opportunity for you to make a fortune. In 2020, I held $Chubb(CB.US), and the sentiment was as pessimistic and desperate as it is now. The stock price fell back to levels from seven years ago in just a few days, and the uncertainty of the pandemic made it feel like even property insurance companies were on the verge of bankruptcy. But once the painful period passes, you’ll realize that insurance stocks always rise. Companies with such high annual cash flow are truly rare. This year, due to various reasons, $Unitedhealth(UNH.US) and $Centene(CNC.US) saw their stock prices halve, returning to levels from a decade ago. These companies spend billions annually on share buybacks, making this a truly rare opportunity. Over the past five years, Centene has spent $10 billion on buybacks, and its current market cap is just over $10 billion. Frankly, the company’s market cap is now less than its cash on hand. With a P/E ratio below 5, this is a golden opportunity—when money falls from the sky, remember to catch it with a bucket. After experiencing the despair of early 2020, the current short-term headwinds feel like a storm in a teacup. Ironically, Centene’s stock price is even lower now than during the 2019 pandemic. As the saying goes, insurance stocks—always rise! Ten years from now, we may not need NVIDIA’s chips, but people will always need insurance.