RGA
September 03, 2009
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RELATED TICKERS: RGA
Adding RGA (RGA) to caps today. The company has a book value of almost $46 per share and a history of profitable underwriting. RGA is a life reinsurer, which is a more stable business than p&c insurance. Investment returns should remain consistent as the market has stabilized. Look for the price/book ratio to rise to 1.2-1.5x over the long term.
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