It doesn’t matter if they’re not writing new business while they’re buying back shares at discount to NTA and effectively at high ROE. Ie. Capital reinvested in their own shares at this level is more accretive than writing new business.
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$3.89 |
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Open | High | Low | Value | Volume |
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3 | 73923 | 3.870 |
2 | 6577 | 3.860 |
4 | 16528 | 3.850 |
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3.910 | 1577 | 1 |
3.920 | 1577 | 1 |
3.930 | 1577 | 1 |
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