A holding company, through its subsidiaries, is engaged primarily in property & casualty insurance, focusing on specialized commercial products for businesses, & in the sale of fixed & variable annuities & various forms of supplemental insurance products.
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Recent good earnings are not reflected in market price. P/E is below the industry and this is a strong performer. I think we will see a P/E of 15, giving this a marktet price of $75 now. It earnings continue at the same pace, I would expect the stock to be $105 - $110 in 2 years.