Jump to content

How to analyze private mortgage insurance companies?


Recommended Posts

This is not an investment thesis but more like a postmortem. I looked at RDN back in 2011 but couldn't understand it. I felt like it was trading at a 50% discount to book, but it kept losing money, so the MoS could erode quickly.

Now it is up 300%, trading at 2.6 times book, and still losing money.

Does anyone understand these insurers? Should I value it based on adjusted book value, like MBI?

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...