H1 valuations review: Investors bet on quality (but not a rising tide) as P&C valuations hit highest since 2007 
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H1 valuations review: Investors bet on quality (but not a rising tide) as P&C valuations hit highest since 2007 

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.

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