Franking, page-7

Don't be fooled, if you didn't have to draw on reserves, you wouldn't.

"an oversold, very good company"

Oh please, read my rambling from a few years ago. I told you people Balboa was a joke before it went bad, I absolutely blasted these idiots on their crop insurance program in the states, that cost tens of millions (before it went bad) and now their best business throughout the whole of the world is a Loan Mortgage Insurance book that insures banks and not consumers !!!!!

Take a look at these two from a couple of weeks ago.

http://www.abc.net.au/news/2016-09-...iders-forcing-borrowers-to-bankruptcy/7848746

http://www.insurancebusinessonline....rs-drive-homeowners-to-bankruptcy-223454.aspx

Buffet
Bought into IAG not QBE.


P