As an investor you cannot ignore data like this. The RDN story continues to rumble along.
But I remain confounded how Wall St. can continue to rock n' roll like this flush with new business ..and yet the creation of new Main St. jobs remains so mediocre!
The disconnect is mystifying...and in some ways remains to be slightly troubling (for me at least).
Head to head comparison for Primary New Insurance Written - RDN vs MTG
RDN: June 2013 Primary New Insurance Written ($ in billions)
$4.76B
MTG: June 2013 Primary New Insurance Written (Billions)
$2.8B
*Nearly $2 Billion more new business written by RDN over MTG for the month of June 2013. I'd have to go back and compare prior months to see what the averages have been but at this pace RDN is completely overwhelming the competition.