Flem good to see that you have done a good bit of home work on the financials, I think we are like minded there......
the PE i assume would be based on their statutory profits, not their underlying profits, so on their underlying profits the would be a lot lower ....... their forecast dividend I understand is very good which also gives a very good indication as to how they are going..... and dividend yield is currently very high priority on investors minds in an era of extreme low interest rates.....
"balance sheets seems to indicate they are very leveraged to share markets"
nothing new about that.......that's how insurance companies make there money, that's what warren buffet does......
also i do not think it is wise to assess a company on the basis of an imminent market collapse. .... i'm still viewing things as they currently are, and that is the markets are in an overall upward trend.......
Having said that I do expect this current six week upward leg to end some time soon.....
Flem - its not my intention to be negative on your investment here , more just putting out there what i know - hope its taken that way...
