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Symetra Financial Corporation Message Board

  • analyst112 analyst112 Feb 5, 2013 9:48 AM Flag

    Earnings mostly stock losses

    The stock market was down in 4Q and it cost them versus last year. Note 1Q is up 6% so we will see big 1Q if market holds where it is now. Adjusted BV is $ 18 and it is growing by $1.40/year. At some point we will sell at 130% of BV and the stock will be high twenties. Hang in there. White Mountain owns a big slug of this and I think they will make a bid for the whole thing. Insurance earnings are always all over the place especially in 4Q and especially with mark to market gains/losses.

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