November 8th, 2010

Chart: Price to Tangible Book Value, Property/Casualty Segments

Posted at 1:00 AM ET

After a slight rally in the fourth quarter of 2009, the market struggled to maintain a premium to book value over the first half of 2010 but followed with some updraft in the third quarter of 2010. As the chart below demonstrates, all major indices are at or close to their lowest levels in the past five years in terms of price-to-book value multiples.

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Source: SNL Financial

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