NTA is still below $7.
If an insurance company can't generate a return on its investment it relies totally on insurance premium. And then on its underwriting ability to generate a net return on that premium which may not be known for several years. A return on the 'investment' on funds held has been the free kicker that has got many an insurer company out of trouble when it got the insurance premium wrong.
Buffett made alot of his money by using his insurance business to invest intelligently on the funds held. He got both sides of the insurance equation correct, smart insurance premium and smart investment of funds held.
CEOS in other insurance companies that want to make their mark and then leave might not create the same fortitude. How many CEO's has QBE had over the last 10 years???
Ann: Trading Halt, page-100
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Last
$18.08 |
Change
0.430(2.44%) |
Mkt cap ! $27.16B | |||
| Open | High | Low | Value | Volume |
| $17.75 | $18.08 | $17.67 | $99.09M | 5.496M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10117 | $17.95 |
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| Price($) | Vol. | No. |
|---|---|---|
| $18.09 | 70582 | 4 |
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