Strong NZ performance from IAG bodes well for TWR. Key metrics for IAG NZ 1H14 vs pcp - Premiums +18%, Underwriting profit +130%, Insurance profit +75%. Seriously benefiting from premium hikes post Christchurch. Talking to NZ friends, the inflation in premiums has been +20%pa for the last couple of years and commentary from the insurance companies suggests this will continue for another 2-3 years.
Some basic broker numbers I have picked up:
IAG trades at PE 12x, Div yield 5.5%, Price/NTA 4x.
TWR trading at PE 11x, Div yield 7%, Price /NTA 1.6x.
Time for me to do some more work I think!!
suncorp must buy tower
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Last
$1.13 |
Change
-0.010(0.88%) |
Mkt cap ! $428.8M | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.14 | $1.13 | $25.15K | 22.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 24559 | 2 |
View Market Depth
| Last trade - 14.14pm 17/09/2024 (20 minute delay) ? |
| TWR (ASX) Chart |