thats why i mentioned there premiums you pay can only go up so much before people refuse to insure cause it costs to much , yet the cost of claims keeps rising.
thats why the investment returns are important
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I’m not disputing your point but more your idea they’ll go bust which seems a little rash of a conclusion from what you’ve stated . Either way let’s see how bad this impacts them.
In relation to your point about risk of catastrophic events that’s an inherent risk with every insurance company during ant macroenvironmental climate
A messy, but solid result, with a solid outlook.
Far from the doom and gloom some others seem be trumpeting on here.
revenue up 11%, Profit up 24% Portfolio growth of 11.9% projected to continue. Maybe that's the problem, if it were a gloomy outlook (e.g. AIR) the SP would just take off.
No 1st half divvy is understandable with the redundancies, a "possibility" of a 2nd half one.
Would not be a good look winner to pay a dividend they day they announce 108 job losses.
Might be more acceptable to do so in 6 months time (at full year), and they certainly appear to be in a position to do so.
dividend in your dreams, they being saying ones coming for over a year now.
On a PE of 9.6-10.8 if fy expectations are met, not many companies this cheap on the NZX.
They could have atleast declared a 50% dividend, the balance sheet can clearly handle it. Might be reluctant to announce one before the new CEO begins.
Also the car refunds cost 6.8m if anyone was wondering (1.7 Timaru hailstorms :scared:)