As within German politics, there are few double whammies, and much more talk than (thoughful) action. Turns out, the likelyhood for a true double or triple whammy in Markel is not that high probably, after reading the letters and giving it more thought …
Continue reading “More knowledge, biases, issues and open Q’s on MKL.”Tag: Insurance
Some Arguments for Insurance Brokers
I recently learned some ‘insights’ about insurance brokers…
Continue reading “Some Arguments for Insurance Brokers”Potential for a double whammy – Markel (MKL)
Markel and Gayner are well known in our circles. Do not expect anything new here.
Continue reading “Potential for a double whammy – Markel (MKL)”P&C Insurance Economics 103.1: P&C Insurance, inflation and higher rates
P&C and especially Auto insurance companies’ earnings get pressured by higher combined ratios driven by claims inflation. As some central banks raise interest rates to tackle inflation forward investment returns support earnings and returns on equity. Higher investment income might increase competition and pressure underwriting margins further. …
Continue reading “P&C Insurance Economics 103.1: P&C Insurance, inflation and higher rates”Book-review: Risk & Reward, Stephen Catlin
A good book on the insurance industry with a focus on Catlin and the London market/Lloyds.
Continue reading “Book-review: Risk & Reward, Stephen Catlin”P&C Insurance Economics 103: Decomposition of ROE, Growth, and P/B
I quickly look at three insurane companies decomposing ROE drivers …
Continue reading “P&C Insurance Economics 103: Decomposition of ROE, Growth, and P/B”Protector Forsikring (PROT NO), March 2022
I was casually reading about hte company for some time and finally took a closer look. Judging from the recent share price development, taking so long was rather expensive …
Continue reading “Protector Forsikring (PROT NO), March 2022”P&C Insurance Economics 102: ROE drivers
I recently spend some time thinking and thinking about the ROE drivers of insurance companies. It was not a constant process but the understanding came to me as returns do: chunky and non smooth …
Continue reading “P&C Insurance Economics 102: ROE drivers”Quicky on Talanx AG (TLX GR)
I own a tiny position in TLX since July 2013. Time to take a look.
Continue reading “Quicky on Talanx AG (TLX GR)”Quálitas (Q* MM), July 2021
Quálitas is referred to as the Mexican Progressive.
Continue reading “Quálitas (Q* MM), July 2021”We all look for quality businesses … at the same crowded places. I placed a bet on Qualitás elsewhere.
We are all looking for high quality businesses. Mostly this high quality is apparent (to everyone) only when the price has reached levels from where it is very much fun to look backwards. Many investors find high quality businesses within the ranks of well known companies and better known stocks (and ticker symbols). Maybe I have found something off the beaten path in less crowded markets …
Continue reading “We all look for quality businesses … at the same crowded places. I placed a bet on Qualitás elsewhere.”I like this auto insurance company since it is Progressive
Traditional auto insurance companies are not the most desired investments currently. It’s all too easy to buy all these sexy new insurtechs around the corner (via your commission-free trading app). Advertising (or listing) your company as a tech company that could/would/should grow it’s revenue/users/losses by 10/20/50x is all the rage now. If that is what ‘investors’ want, that’s what they get …
Continue reading “I like this auto insurance company since it is Progressive”Links🔗: Food for Thought #15
Below you find the most interesting investment-related content and thought-provoking articels I stumbled about in the recent past. Enjoy reads about: investment vehicles, China, 100 baggers, Goldman Sachs, 1MDB, Gilead, Intel, SES, Flow Traders, SPACs, … (this one got a bit longer far too long)
Links🔗: Food for Thought #14
Below you find the most interesting investment-related content and thought-provoking articels I stumbled about in the recent past. Enjoy reads about: streaming, Yodogawa Steel, Online Chess business models and Play Magnus Group,
Continue reading “Links🔗: Food for Thought #14”Is Progressive an Interesting Long-Term Buy for You?
The Progressive Corporation (PGR) is a growing American insurance holding company, predominantly selling automobile insurance, leveraging technology and industry leading segmentation to grow its market share. I take a deeper look into this interesting company…
Continue reading “Is Progressive an Interesting Long-Term Buy for You?”