HLI 0.25% $3.94 helia group limited

disappointed, page-8

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    Correction HLI is more like a 3x leveraged long 3year bonds. And the cost of the “float” (ie. the cost of funding that investment portfolio) is free , to put it in Berkshire Hathaway parlance. Ie. Writing the insurance hasn’t cost anything because paid claims almost zero
 
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