When do you think they will pay inputted dividends again
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When do you think they will pay inputted dividends again
One reason why investing in insurance companies is hit and miss
https://www.nzx.com/companies/TWR/announcements/273768
Financials are essentially a 'big guess'
Don't insurance companies essentially make most of their money from investing premiums -- while hoping to make a few extra bucks on the claims side if they get underwriting right
I dont think the increase in provisions for claim is a surprise, iag and others have had to increase as well - need to look past this at the underlying earnings of 28m which after buyback as well approx eps 18 div 17-18c div yield 9% pe just over 11 claims nearly complete although hard ones to go with a element of risk 70m of capital in excess still above current buyback. probably be panic sellers around to supply the buyers who couldnt get any under 2.1 but think it be short lived
I'm not sure that you can have much confidence looking past underwriting losses to an "underlying earnings" number. Underwriting isn't an extraordinary, non-recurring item. It's what insurance companies do!
I will now admit to being back on the share register of Tower after a few years away.
Wish I understood why I buy these things. :confused:
Best Wishes
Paper Tiger
What's not to like...has been beaten down in price...returns good yield...and lastly but not leastly.... insurance is something that everyone needs, uses and understands. Also it was up at 2.30 March 2015. I understand why you would buy..even if you don't? Supposedly minimal impact from Fiji so could be a nice SP increase in your future. if I had any spare cash I would have bought myself but have to wait for April dividends:(