Key clarification on the credit loss ratio, FGL pushed it down to 28% in the last quarter which is actually…by @julianreins_jse on $FGL

Key clarification on the credit loss ratio, FGL pushed it down to 28% in the last quarter which is actually solid for micro-lending where you're dealing with subprime. Compare that to where they were two years back and the underwriting's genuinely tightened. At R0.99 you're paying bugger all for a lender that's actually de-risking the book instead of just pushing volume like everyone else was doing.