Neither have I entered the world of torcaces, nor is it the name of a new memecoin. Today I started my journey with $PLMR (+1.78%) a US insurer specializing in natural catastrophes and other unusual risks. And it's not doing too badly:
- Combined ratio (return on premiums): 78% (from 100% it is a "loss").
- ROE of 17.46, the third highest in my portfolio.
- A growth growth, partly due to the fact that it does not pay dividends.
- EPS of 4.5.
- Price to book value ratio book value bad for my filter, but we assume: 5.78.
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I haven't ventured into the world of wood pigeons, nor is this the name of a new memecoin. Today, I've started my position in $PLMR (+1.78%) a U.S. insurance company specialized in natural catastrophes and other uncommon risks. And it's actually doing quite well:
- Combined ratio (profitability relative to premiums): 78% (anything over 100% means underwriting losses)
- ROE of 17.46%, the third highest in my portfolio.
- Strong growthpartly driven by the fact that it doesn't pay dividends.
- EPS of 4.5
- The Price-to-Book ratio is a bit above my usual filter at 5.78, but I'm willing to accept it.