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Posted by
Two Blokes Jun 9 -
Filed in
Stock
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6 views
Greenlight Re. (GLRE) has gotten little credit for fixing both insurance underwriting and their investment process. The stock price increase since our last article has been 86%. We think that book value over the next several years will increase 5-15% and the price to book will increase the same for a total compounded return of 10-30%. Focus on shorter tail risks and more stringent underwriting have corrected the underwriting mindset that led to so much loss.
