UVE Earnings Report
The statement I was most excited about was this:
"We have continued to follow our business model and if not for the first quarter 2013 investment losses, our results would have been significantly better. We believe we are well-positioned going forward as we have engaged Deutsche Bank Investment Asset Division to manage our investment portfolio."
I'm glad they are leaving the investing to someone else....I was always against their highly concentrated (Commodities) portfolio they were managing internally. There was so much correlation overlap of their holdings...relaly didn't make sense.
Hopefully we neogitated a reasonable management fee with DB.