Although financial stocks are up this month, there's one major exception: Insurance company stocks are down almost 1 percent. But don't let that recent dip fool you. It might be a good time to put in a claim on some future insurance stock profits, according to analysts.
Analysts are calling the coming period for insurers a more volatile one, marked by softer pricing and greater levels of regulation, but say that some big-name insurance stocks are also set to deliver some underlooked profit potential.
A rising interest-rate environment will likely buoy insurance company earnings because these companies prefer to invest in long-term assets. "Some of the biggest laggards could have some of the biggest gains," said CNBC's Morgan Brennan.
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Genworth Financial, for instance, is down about 15 percent so far this year due to lingering fallout from its recession-battered mortgage insurance field and concerns over its long-term care insurance business.
On average, analysts polled by FactSet expect that this stock could rise 34 percent over the next 12 to 18 months.