Ann: Acquisition of St Andrew's Insurance and Trading Update, page-19

No worries about the Bell's report tessastanie

I'm not sure if I understand the points made re valuation. Surely to arrive at a value, one should compare PE's against other peer companies in the insurance sector, as they would all have asset trail movements?

If one compares the FIG PE ratio to other insurance companies, FIG appears to be significantly undervalued. I would expect FIG to be revalued by the market at some stage.....perhaps after the next FY results or after a bit more trading history? Bell Potter certainly seems to think it, valuing at $1.08 in 12 months.