Subject: Re: Q2 Book Estimates
Overall, I would go with $353 per B share at QE.

Seems about right. My estimate came in at $353.58 with no guesses for underwriting profits or share repurchases. It's typically plus or minus a dollar or two.

Net income from operations less insurance around $6B.

Equity dividends after tax about $900M.

Return on cash after tax about $3B.

Equities increase after tax about $25B.

Jeff
Could also add something like $1.5B for underwriting profits maybe and get to an ending bv of $354.25?

I would say $352-$355 is a pretty high confidence interval.