I quickly look at three insurane companies decomposing ROE drivers …
This is not investment advice. Please read the disclaimer. I might own discussed stock(s) currently or at a later time. I might transact in any securities at any time.
(see other Insurance Economics posts)
You find the pdf here.
High P/B multiples might be warranted if high returns on equity can be generated sustainably on a higher capital base, ie attractive growth.