Key takeaways:
The P&C industry P/B multiple increased to 1.41x, the highest level since 2007.
The biggest re-rating was seen at personal lines companies.
Revaluations have been largely detached from changes in ROE expectations.
Key takeaways:
The P&C industry P/B multiple increased to 1.41x, the highest level since 2007.
The biggest re-rating was seen at personal lines companies.
Revaluations have been largely detached from changes in ROE expectations.