The only way they are staying level on a PCA multiple is by reducing the reinsurance coverage. They can reduce to zero but then they can’t pull that lever anymore. They are throwing off far more capital ( including $150mil a year income on investment portfolio) and require less for shrinking/ageing book. Ie. both numerator and denominator working against them re PCA multiple target . They will need to return more capital one way or the other. Ie. either dividends or buybacks.
The only way they are staying level on a PCA multiple is by...
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Last
$4.39 |
Change
-0.030(0.68%) |
Mkt cap ! $1.232B | |||
| Open | High | Low | Value | Volume |
| $4.44 | $4.45 | $4.38 | $3.188M | 723.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8038 | $4.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.40 | 2782 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| HLI (ASX) Chart |