Yes. One of the best managed insurance companies in the world, according to AspectHuntley. Very conservatively run, very well provisioned, and made $1.9 billion profit even after (1) exchange rate impact and (2) there being 25 claims over $2.5 mill compared to a mere 5 over $2.5 the year before.
Georgraphic risk is diversified, as is industry.
Current PE around 12, or on a cash flow basis around 10. Yielding close to 5% at these levels.
Not terribly much to dislike for a long-term investor.
MJS
biggest dog, page-6
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