InsuranceDude

Reinsurer Stocks: A Fear-Driven Market Creates Opportunity

I forgot one other thing--a massive share buyback program that is gathering up shares at a large discount to book. It's all about increasing shareholder value!


On Nov 26 08:40 AM InsuranceDude wrote:

> I am not sure how you get a target price for ORH that is a significant
> discount to ~$42 book? It is the cream of this crop of companies
> you list--fortress balance sheet, gushing cash from investment portfolio,
> ZERO risk in their fixed income portfolio, a history of doubling
> premiums written in last hard market, probable upgrade in AM Best
> rating coming. Why bother with these companies who made extremely
> poor investment decisions that are destroying book value when you
> can buy the best for less than a TRUE book?

Reinsurer Stocks: A Fear-Driven Market Creates Opportunity

I am not sure how you get a target price for ORH that is a significant discount to ~$42 book? It is the cream of this crop of companies you list--fortress balance sheet, gushing cash from investment portfolio, ZERO risk in their fixed income portfolio, a history of doubling premiums written in last hard market, probable upgrade in AM Best rating coming. Why bother with these companies who made extremely poor investment decisions that are destroying book value when you can buy the best for less than a TRUE book?