My numbers as a guess- please don't rely on these however.
EPS FY17 = 21 cps - a lot depends on the returns they get on their float and investments.
COR FY 17= 78%, up from 60.8%
Insurance profit margin FY 17 = 30%, down from 48.1%
The trend doesn't look great, but they will be able to hand back more cash that they don't need due to their business shrinking, but as always there are the latent risks of the property market suffering a big scare that is difficult to factor in as a %. It is possible for an insurer to need to increase their unearned premiums if their assumptions change about the property market. Their Book value is in the high $3s.
MCQ Price Target = $3.98, page-23
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