These shareholder-spoiling stocks regularly double or triple their investors’ money. They’re a bit underappreciated, but not often on sale – unless you buy them this time of year.
And on cue, right now they’re as cheap as they’ve been in 12 months.
If insurance is a great business, then reinsurance is a fantastic one. (Reinsurance is insurance purchased by insurance companies to manage their own risk exposure.)
Insurance itself, when done responsibly, is a cash cow. Firms collect payments up front from their customers but may not have to pay it out in claims for a long time, if ever. The companies then invest that money – called “float” – and pocket the income they earn.…