Seeking Alpha

A Quietly Prosperous Insurer

One sector that I spend a fair amount of time looking over is small-cap insurance. I try to find companies that are trading under book value with no debt obligations and boasting consistent underwriting profits (reflected in a combined ratio under 100% for property and casualty based insurers). I also look for high levels of ownership in addition to a stable or increasing dividend. A reason I am a big fan of this sector is because many of these companies have been in business for a long time and because of their regional nature they are able to ensure the local demographics in a very efficient manner - combining to create a long period of specific...

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