Should be interesting qtr. They will report the essurance profits. EPS will be in the $65/shr range on less shares outstanding. That report should take us to $475. Loss experience has also been low. Good times.
There might also be favorable (upwards) book value adjustments......because I think the use a quarterly mark on theor shares in SYA? SYA has popped upa bit.Also, One Beacon (OB) is up very nnicely to over $15 a share. And I think that is up almpost 2 points since last Q report?I was hoping they'd do another Dutch tender...with a top price around 440.......but they haven't.I'm not sio sure it wil run to 475....it still is seen as a reinsurance stock, wrongly so. Most of the assets are really in cash & investments (thanks to esurance)....and OB and SYA.I had some from low 390's to 415......and I let all go around 435. Might be a mistake....I'll hope for some bad markets...and try to re-enter in the teens or low 420's. But might not happen. Oh well.
OB is consolidated not an equity investment so only flow through. What is SYA? The bond portfolio adds to BV as it is marked to market each quarter.