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Post# of 173780
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Knowledge is King

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Knowledge is King

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Re: Knowledge is King post# 124323

Tuesday, 03/16/2010 7:58:18 PM

Tuesday, March 16, 2010 7:58:18 PM

Post# of 173780
UVE insurance ops are in steep decline...


I went back over the past 4 quarterly income statements (including the Q4 results filed today) and here's what the company made (pre-tax) from its insurance operations (after stripping out net investment income, realized gains on investments, and foreign currency gains on investments) in 2009: Q1 $18.8M, Q2 $11.5M, Q3 ($0.3M), Q4 ($16.3M)(!). Not a pretty trend...


The comparable numbers from 2008 are: Q1 $22.1M, Q2 $17.6M, Q3 $10.6M, Q4 $12M.

He who laughs last lasts.

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