Not too shabby! They actually are working and turning the financial corner. One of the few insurance companies that actually made money and no deritive losses like the other companies. Glad to see that well over 90% of assets are investment grade! One hell of a discount to tangible book.
I agree. It is simpy amazing. We race to the store to buy goods on sale but run like heck when the market has a sale. Stock has been held for decades by the Bixby family and they take an active role in the company. Have held it for some time and enjoy the dividends and the manor in which the investments are held. Very much appreciate the nice $2.00 dividend paid a couple of years ago to all shareholders too.
Book value back up due to investments coming back. Revenues up and earnings back in the positive. Dividend declared (no surprise). Assuming things continue to normalize in the financial markets, I see no reason the stock shouldn't be back to the $45 - $50 range in the next year. Counting dividends would almost be a double.
Unfortunately, it likely won't move fast due to lack of coverage, but I'm confident it will get there,