1 / 7

Baldwin & Lyons (BWINB-BWINA) Christian Gabis Yuange Yang

Baldwin & Lyons (BWINB-BWINA) Christian Gabis Yuange Yang. P&C Insurance. Fleet Insurance (Protective) Auto Insurance ( Sagamore ) Insure Companies Like FedEx. More On Insurance. Combined Ratio The combined ratio of BWINB has been around 70%. This is a good thing!

kalli
Download Presentation

Baldwin & Lyons (BWINB-BWINA) Christian Gabis Yuange Yang

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Baldwin & Lyons (BWINB-BWINA) Christian Gabis Yuange Yang

  2. P&C Insurance • Fleet Insurance (Protective) • Auto Insurance (Sagamore) • Insure Companies Like FedEx

  3. More On Insurance • Combined Ratio • The combined ratio of BWINB has been around 70%. This is a good thing! • They are very conservative about their underwriting. They write for profit and not for market share.

  4. Investing the Float • Fixed Income (Bonds) Majority • Some Equity Investments • Some Limited Partnership Investments • Overall They Have Invested Quite Profitably

  5. Insider Ownership • There has been some insider buying in the $16 range • Large holders account for over 47% of outstanding shares • The company has been buying back shares aggressively since it is selling below book value • This will increase book value!

  6. Key Statistics • A.M. Best top rating of A+ • Market Price: $17.87 • Market Cap: $267 Million • Near 6% Dividend ($1 per share last year) • Earnings will be cyclical for this company • Average Earnings appear to be about $2 per share • Combined Ratio of approximately 70%

  7. Investment Thesis • This company could pay out a dividend of around $260 Million (Market Cap of $267!) • It is selling at 80% of book value • No Analyst Coverage • Apply a PE of 10 and you can get $20 a share • No LT Debt!

More Related