I loaded up on ANAT and NWLI, even buying a good bit on margin, before the end of the year. The results so far have not been good. I recently sold my smaller amount of ITIC, at a good profit, to start to reduce the margin balance. I have been stunned how almost everything related to housing (title insurance, furniture, building supplies, home builders, etc) have gone up a lot and the much more depressed insurance stocks just sit there month after month. My guess is that interest rates have to go up for the insurers to have a chance. Therefore, we probably have to have a change in presidents and a new head of the Fed.