Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

XL Group Still Offers Value For Investors

XL Group (NYSE:XL) is a Bermuda-based insurance company that started off focused on excess liability coverage, with subsequent expansion into a variety of commercial lines, and reinsurance. XL is one of those stocks I have mixed feelings on - on the one hand the company is doing nicely and growing its revenues and book at a good clip. The stock's book value per share is a bit more than $35 last report a month ago, so the stock is certainly a fair value at today's levels.

On the other hand though, one of the dominant themes in insurance right now is the frankly atrocious pricing on catastrophe insurance. The pricing is way too low (almost an inverse bubble...

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