At what point is it time for management to say are stock is trading at such a discount to book value we need to return value by buying shares back. I could see when they where in turnaround mode that they needed to preserve capital. Now they have a solid book of business that is turning profit. We need to advocate for a stock buyback program. Any thoughts out there?
I have no problem with a stock repurchase. But I'd prefer a qtrly divvy announcement. To me, it puts you on the same ground as many other insurance companies, and opens up your stock to new investors. Also, a dividend kind of tells everyone that the worst of times are in the rear view mirror..,going forward, we will be able to offer a return of profits to our shareholders.
In the cc they mentioned something about stratigic initatives. Do you thinks they are saving capital for something big? How does HCII keep there Loss and loss adj. so low for how many policies they are righting? I wouldn't mind seeing TCHC,UIHC, and KFS merge together.
I agree with you on the stock repurchase. Now that the company does not need capital to survive, they need to analyze the best use of capital. Doesn't seem like too many opportunities that are better than purchasing their own stock right now.