First Mercury Financial Corp (NYSE:FMR)
The Company is a provider of insurance products and services to the specialty commercial insurance markets.
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Recs
WTHAmIDoing
(44.07)
Submitted: 3/11/2010 9:59:04 PM :
Start Price:
$13.29
FMR Score:
+10.20
Solid.. good price against book value, low debt and seems to have a good platform for growth.
Recs
InsurerWatch
(< 20)
Submitted: 8/26/2008 3:57:59 PM :
Start Price:
$12.07
FMR Score:
-29.67
Remember Frontier Insurance Company? Do your research and compare. It is tough to believe underwriting results at 85% when the rest of the market operates at 100 or 100+
Recs
mastrmnd
(< 20)
Submitted: 3/13/2008 5:26:33 PM :
Start Price:
$13.31
FMR Score:
+20.30
Great company one of the highest insurance ratings.
Recs
jonnycalc
(< 20)
Submitted: 1/31/2008 6:08:16 AM :
Start Price:
$16.00
FMR Score:
-0.06
Will take time for the Market to recognize this as a solid little company.
Recs
tackycat
(< 20)
Submitted: 4/9/2007 5:09:45 PM :
Start Price:
$16.41
FMR Score:
-3.77
You shouldn't be investing in a long tail casualty insurer unless you know how to read a "Schedule P" in a statutory annual statement.Also, you need to understand how prices are being slashed on casualty insurance policies. FMR's business model depends on its loss ratio always being far below the industry average so that large commissions can be extracted for its MGA. So, the question is, "How can a small casualty carrier maintain adequate reserves while rates are being cut and still produce low loss ratios?"
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