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Best-in-class specialty P&C insurer. NPW +6.2% to $12.7B, combined ratio 90.7%, investment income +7.2% to $1.43B. Income before taxes essentially flat YoY ($2.28B vs $2.26B) despite premium growth — ...
Best-in-class specialty P&C insurer with 90.7% combined ratio, 41% insider ownership, and 60 niche businesses. Premium growth decelerating (6.2% vs 9.3%), heavy analyst downgrades. P/B 2.79x after 147...