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OneBeacon Insurance Group, Ltd. Message Board

  • analyst112 analyst112 Feb 5, 2013 2:45 PM Flag


    Bad but not that bad. we knew Sandy would effect losses. Essentia sale will help capital and rate increases already introduced will hike 2013 earnings. The dividend is safe and at 6.7% yield it cannot stay at this level for long. I have learned from 40 years of insurance investing that losses always lead great earnings as companies use it as an excuse to hike rates. Rates in NE for hurricanes will double.

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    • always a yeah, but. Besides the obvious hurricane stuff...there was other not so great stuff....likes expenses took a jump..and the investment performance wasn't so hot..... and bond yeilds that give you almost NO return at all.....and any new business proceeds are invested at almsot Zero % return. There won't be much of any float on any new business.

      But that said, OB is probably an okay buy around $12.60. It might go down a bit further as analysts give their thumbs down review. But the dividend will support it from going too much farther down.

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