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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (43343)7/15/2011 3:36:33 PM
From: Spekulatius1 Recommendation  Read Replies (1) of 78656
 
re HIG, I looked at this stock since it indeed looks cheap by many measures. I think they have some liabilities around their annuity business (there was also something else that i forgot about) that make me pause. Based on my somewhat lacking memory a decline in equity markets could have a substantial impact on their book value, since they offered equity indexed returns with downside protection in their annuities for a while, which is that got them into big trouble in 2008/2009. They may have protected themselves now after the equity market but I am not sure about that.

Also, their history of operational screwups gives me second thoughts as well. To tough to call this one for me. I prefer DL.AS (which appears to have good risk management) in the life insurance sector. They also pay a much better dividend.
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