dont know, sure they will at some stage as they have in the past
anyway looking good for breakout
They have been making a fair bit of their money from their Pacific business in the last few years. Suspect once the CHCH claims are sorted and the cost associated with them, they may start imputing again.
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
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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'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!
Spot on macduffy - might only be a 'provision' today but chances are it will be a cash item sometime in the future.
Then again the longer they drag the Chch claims out the 'less expensive' it becomes .
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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!
there underwriting result looked pretty good up 32.1% on last yr could have been significantly better if management costs hadnt increased so much so hopefully they are working on reducing this
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
Originally Posted by Paper Tiger
I will now admit to being back on the share register of Tower after a few years away.
Bookmarks