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...Share price moves anticipate the impact of price changes on earnings. Over the past two years shares of large property casualty insurers, up by 40 to 60 per cent, beat the S&P 500....
...Bank of America in fourth quarter – Bloomberg...
...The KBW property casualty index was up 1.6 per cent, paring some of the 2 per cent losses last week....
...Warren Buffett's property-casualty giant is sitting on $40bn in cash and equivalents, including $20bn in foreign currencies, so it benefits from a weak dollar....
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