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AUTHOR
DATE
SUBJECT
9
member
11/18/21 6:57PM
Re: Re: If “If” Was a Skiff, We’d All Take A Ride
8
I don't think many carriers see it as an attractive market. ROEs look great when there aren't any losses which has been the case for a long time (since 1994) domestically. Low frequency/high severity business,... login to read the rest
PLMR’s 3Q21 results were much weaker than expected. Even after two pre-announcements, earnings missed badly. After unexpected losses last year, Mac Armstrong said there will be considerably less earnings volatility going forward. No such luck.... login to read the rest
A few notes/thoughts on PLMR following review of 10-K and 2020 stat filings.
Stat Filings
Review of 2020 statutory financials shows some interesting items worth mentioning.
On a state-by-state basis, Alabama sticks out. For AL as a whole,... login to read the rest
PLMR reported earnings last week which were a considerable miss relative to expectations despite a bar that has been repeatedly lowered. Note that PLMR pre-announced cat losses roughly in line with Street expectations earlier in... login to read the rest
So...I could not have been more wrong on the catalyst here. Apologies. This has been painful. Especially b/c very little of the movement since early May has been driven by any fundamental improvement in the... login to read the rest
Earnings were better than expected due to a lower loss ratio, but growth is slowing and ROE is coming down. Reaffirmed 2020 guidance for adjusted net income of $50.5mm to $53.0mm. Operating EPS of $0.46... login to read the rest
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