attached demonstrates the capital impact(0.65x PCA) of reducing the reinsurance coverage. They reduced to 27% of pml. They can only go to zero before they can’t use this to reduce capital and they will only be able to return capital to reduce the PCA multiple.
given the pathetic buyback I suspect there will be a large special dividend at upcoming results release.
Buyback? We don’t need no stinking buyback!, page-8
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Last
$3.90 |
Change
0.025(0.65%) |
Mkt cap ! $1.129B | |||
| Open | High | Low | Value | Volume |
| $3.94 | $3.95 | $3.89 | $525.8K | 134.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 5601 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 2079 | 12 |
View Market Depth
| Last trade - 14.04pm 29/07/2024 (20 minute delay) ? |
| HLI (ASX) Chart |