so a further analogy of this could be comparison of L&G and CGF.
Both underwrite annuities. Different countries, different rules.
Both have extreme tail risk, that if things really blow up, both L&G and CFG have to bear the consequences since they are underwriting the scheme.
This extreme tail risk is why I think the market writes down the value for both L&G and CFG.
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Last
$7.83 |
Change
-0.020(0.25%) |
Mkt cap ! $5.434B | |||
| Open | High | Low | Value | Volume |
| $7.93 | $7.94 | $7.79 | $3.338M | 423.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 4045 | $7.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.84 | 6937 | 26 |
View Market Depth
| Last trade - 15.00pm 16/06/2025 (20 minute delay) ? |
| CGF (ASX) Chart |