Why is this stock not headed to $5 ?, page-3

As advised , here is a little insurer to insurer comparison with  market darling QBE. ( my opinions only DYOR)

At the moment you can buy 4 1/2 shares to 1 with QBE
Genworth has been profitable for the last 2 years , QBE has not.
The total profit form both companies over this period is very similar
Over the last 2 years QBE has issued 66c in dividends
Genworth has not been trading 2 years but has issued  57c in dividends and is on track to issue 75c in dividends over its first 2 years.
As a direct comparison  1QBE share last 2 years = 66C  4.5 GMA shares  $3.37 ( inc 2H est.)
Genworth is trading under its NTA , QBE is trading at almost 3 times NTA
QBE has a huge amount of Debt/ Genworth has a minimal amount.
QBE has 1.23 times APRA capital requirement Genworth 1.6
Price to Earnings QBE almost 20 / Genworth is under 7

The most important metric however is this. Based on the ratio of Earned Premium/Investment returns
Genworth is protected for the first 26% of loss ratio points , whereas QBE is only protected from a fraction of this <3%. This is a reoccurring position , it is not a one off. Every day , week , quarter , half yearly ,and Annual return with have this differential ( give or take small swings).

Genworth has no exposure to Asian Typhoons , the Florida Windy Season or man made Catastrophes. Its risk is to the health of the Australian Economy , its buffer is low interest rates , steady unemployment's, increasing house values  and its trump card is Australian Law allows for claims losses to be pursued , which means nobody is locking their doors and walking away. Home owners will fight to keep their houses , which is good for Genworth. But wait there is more :) their other trump ,  is competitive mortgage markets and govt regulations allowing for  mortgage changes , equals Genworth can book in profit well ahead of time ( I am not sure of their company policy for this)

GLTA - DYOR , DYOR

	Column 1	Column 2	Column 3	Column 4	Column 5
0		QBE		Genworth
1	Share Price	$14.56		$3.18
2	Share Ratio	1.00		4.57
3	Debt to Equity	46.50%	2014	7%
4		77.80%	2013
5	Debt	3.58B		200m
6	EPS	75c	2014	33c	2014
7		minus 30c	2013	50c	My Est 2015
8	Dividend Yield	3%	2014	8%	2014
9		3%	2013	>15%	Myest2015
10	Dividend	37c	2014	26c	2014
11		33c	2013	40c+	Myest2015
12	Price/Earnings	19 x	2014	9	2014
13		Negative	2013	<7	Myest2015
14	Last 2 year Profit	500m		500m
15	Market Cap	20B		2.06B
16	NTA	7.25B		2.8B
17	NTA/Market Cap	360%		74%
18	APRA PCA/NTA	1.23x		1.64X
19	2015 Profit	?		280m-350m
20	Invs Portfolio	28B		4.1B
21	% of Earned Prem	200%		1000%
22	Loss ratio Protection by investment	2.58%		26%
23
24	Loan Cost p.a	297m		7m

Please feel free to let me know if any of this is wrong