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INSURANCE HIGH P/BOOK REFLECTS RISK TRANSFER

21/11/25 -"Banks have experienced a massive rerating since their 2020 Covid lows. Their P/Book ratios attest to that. At 1.18x they are vastly higher in 2025 than the 0.52x last seen in 2020 (see chart, Banks ..."

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Pages
73
Language
English
Published on
21/11/25
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EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

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