Investment Strategies / Mechanical Investing
No. of Recommendations: 0
Anyone have a model on where we are appx on a price to book basis?
No. of Recommendations: 16
I have 2022 year end BV at $217.73, in a few days I'll know how big my tracking error is.
For current "realtime BV", based on the changes in the stock portfolio plus an estimated $7.5B operating profit per quarter, I get $227, so P/BV around 1.33 - 1.34 for B shares.
No. of Recommendations: 3
No. of Recommendations: 1
My guaranteed to be wrong crystal ball says:
2022 year end: $214.70
Feb. 22 spot: $225.65
Jeff
No. of Recommendations: 3
If my calculations are correct, 2023 year end BV ended up at $215.73.
So my tracking error was exactly $2. Current "realtime" BV should be around $224.50.
No. of Recommendations: 3
GEICO has successfully obtained premium rate increase approvals from certain states in response to the significant claims costs increases it has experienced in recent years. As a result, we currently expect GEICO to generate an underwriting profit in 2023.
No. of Recommendations: 0
Good news there and hope we can and will improve operations and profitability. I saw GEICO had a reduction of 1.7 million voluntary policies for 2022, slid to 13.9% market share.
Progressive has been doing well- price up 60% over the last 2 years.
