
EP 319. How We Analyze Insurance Companies
Focused Compounding
00:00
The Factors When Judging Management at Insurance Companies
Gainsco was bought out at a much higher price, so the stock would have been and it's interesting, you know, hisi biing 20 20. Even just a few years before, they might have a year where they had a combine ratio o, let's say, a hundred and two or something. And then they get down to where it's like, mostly heading 96 or 95 or something. That doesn't sound like some huge difference, but you have to understand that even a few point difference can make a big difference in pricing.
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