It's been a long time since they've had a year without something exceptional.
More Quotes from Paul Newsome:
Comments about pricing on conference calls will be very important for the insurance stocks.Paul Newsome
We expect it to be a really big loss in the quarter but Allstate hasn't come out with an estimate and its hard to tell how big of a loss it will be, ... That's pretty unusual and it makes me a little nervous that they might post a bigger loss than expected.
Paul Newsome
It's a rather bold move. It's an enormous acquisition and it's coming very quickly after a very complicated merger with St. Paul-Travelers. It's not terribly likely because they'll have trouble getting their investor base in line.
Paul Newsome
I think you have to question the consistency of these one-time items.
Paul Newsome
They still haven't developed their skills to the extent that they are substantially more profitable than their competitors, ... If they develop the skills and manage their claims better, they can go to the big insurers and demonstrate that they (Midland) should write the business, not them.
Paul Newsome
It does look like it's a pretty orderly transition. I don't expect there to be too many changes. Given that the company has done quite well of late, the best hope is that the good news continues.
Paul Newsome
Readers Who Like This Quotation Also Like:
I'm tired of playing the brat.Casey Affleck
You don't underestimate either players or audience in any circumstances.
Peter Maxwell Davies
The course is going to make you look silly sometimes. You have to be able to accept that and move on.
Mike Weir