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PUK (UK insurer) P/BV ratio = 2.27
Many USA insurers' P/BV ratio = .30 to .50 PUK seems way over priced, even if you give it a little more credit because it may have some less risky assets vs USA insurers. But then again, does PUK hold any bonds or equities of Lloyds, Royal Bank of Scotland, HBOS, AIB ?? Just seems way over priced Rating :
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