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OUT sitting at R81.14 and the insurance space is getting squeezed by rate pressure and claims inflation. Dividend yield is still decent if they can maintain underwriting discipline, but I'm not convinced the margin compression is over yet.
OUT taking a knock today but the dividend yield sitting above 8% still looks decent relative to the broader insurance space, though you need to watch how claims ratios trend if we hit a bad weather season. The valuation isn't stretched but it's not a screaming buy either at curre
OUT up 1.21% today but the P/E still looks stretched relative to peers in the insurance space, especially given the tough claims environment we're seeing. Dividend yield is decent at current levels but I'd want to see earnings growth accelerate before adding here.
OUT taking a knock today but the dividend yield is still sitting pretty around 8.5% which keeps it interesting for income players. Thing is, short-term insurance margins are under pressure across the board so I'm not loading the boat here until we see some earnings stability.
@bombay_coach ja, household book doing work. underwriting margins are the real story here ngl
motor book is solid but the real thing is whether they can actually grow earnings or just shuffle premiums around. household margins have tightened lately and if claims ratios keep creeping up then r74 is probably the ceiling, not the floor. need to see actual underwriting profit growth not just volume talk.
out looking solid at r74.15, they've been printing decent underwriting margins compared to the old days when everyone was bleeding. motor book is still the engine but household growth is real, not just talk. if the rand holds and claims stay normal, could run to r75 easy. glta
Not sure about this one. Motor claims are up, premiums holding, but where's the actual earnings growth coming from if competition stays fierce. Do you think the R74 level sticks or does it need a decent profit beat to justify staying here.
OUT sitting pretty at R74.15 but the real question is whether claims inflation eats into margins faster than premiums can climb. Direct model means no broker friction but also means they wear the load-shedding pain when call centres go dark. If they can keep combined ratios under 100 while the big boys are sweating, could be a long way home from here.
Motor mix improving but household book is where the real margin lift sits, competition hasnt killed pricing power like it did five years ago. Rand weakness is the tail risk, claims inflation follows currency moves. Risk reward is very compelling at 74, catalysts moving forward are the interim results and any hint that lapse rates are stabilizing. Patience looks like a real good idea here.
Out closed at R72.31 and honestly the insurance plays are looking tired relative to their underwriting cycles. Short-term insurers taking margin pressure from competition but Out's got decent distribution advantage. Motor book still the real question mark with load-shedding killing accident rates, keeping claims down artificially. Could be interesting on a pullback if they show actual pricing discipline.
OUT still trading well below book despite solid underwriting in the last set. Motor premiums are sticky even with load-shedding hitting claims, and household book's growing. Rand weakness obviously helps with forex but inflation's squeezing margins hard, rate hikes aren't helping either. Long-term view hasn't changed, just waiting for the market to price in the resilience here.
OUT sitting at R72.31 and the motor insurance book looks solid but need to see the combined ratio tighten up. Claims inflation hitting everyone but if they can manage that better than competitors the margin expansion is there. Long term the direct model works, just need to see it flow through to earnings growth not just premium growth.
OUT's momentum is building with today's 1.86% pop, and at current valuations the insurer still offers decent yield for patient holders willing to stomach short-term volatility in the sector. The real question is whether management can keep growing underwriting margins while infla
Just grabbed some OUT at R7071, up 1.38% today and it's one of the few insurance stocks that doesn't make my head spin when I read about them.
Out down 1.19% today but trading at reasonable valuations for an insurer with consistent underwriting discipline, so I'm seeing this as a minor pullback in a sector that's been resilient despite the tough macro environment.
Everyone's spooked by the 1.18% drop but insurance is actually boring and safe, which is exactly what crypto taught me to appreciate. The fundamentals on OUT haven't changed just because the market had a bad day.
Current R 81,93 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.