Monthly Archives: May 2007

Going Through the Research Stack

Once every two months or so, I go through my “research stack” and look at the broad themes that have been affecting the markets. Here is what I found over vacation: Inflation Commodity prices are still hot, as are Baltic freight rates, though they have come off a bit recently. Lumber is declining in the […]

Insurance Earnings So Far 1Q07 — XII (Final)

Only three more companies to mention since my last post, here goes: Primary Commercial Employers Holdings beats estimates, but on falling premium volume. North Pointe misses earnings on falling premium volume, a higher loss ratio, and expansion expenses that can’t be deferred. Their acquisition looks interesting though; should be accretive to earnings. Personal Lines Affirmative […]