SDF 0.78% $6.44 steadfast group limited

From the IAG Result Presentation pack, last week: [ATTACH] Looks...

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    From the IAG Result Presentation pack, last week:


    IAG Guidance.JPG



    Looks like the multi-year inflation in insurance premiums is going to continue for at least the foreseeable future.

    Why would anyone ever invest in a general insurer (with the attendant claims risks) instead of an insurance broker, such as SDF (which gets to participate in the rising insurance premiums, but totally free of potentially high levels of claims)?


    The divergent share price performances between a general insurer (Australia's leading one, IAG) and an insurance broker (SDF) bears full testimony to the stark differences in the investment returns on offer from these different positions in the general insurance industry:


    IAG 10-year price chart.JPG SDF 10-year chart.JPG
 
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Last
$6.44
Change
0.050(0.78%)
Mkt cap ! $7.124B
Open High Low Value Volume
$6.40 $6.49 $6.40 $6.889M 1.068M

Buyers (Bids)

No. Vol. Price($)
1 7417 $6.44
 

Sellers (Offers)

Price($) Vol. No.
$6.46 441 1
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Last trade - 16.10pm 23/08/2024 (20 minute delay) ?
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