Subject: Re: Buying opportunity?
Is PE a good valuation metric for an insurance / diversified financial like FFX?

Do GAAP earnings vary a lot based on unrealized gains/losses on portfolio holdings?

For similar companies like BRK and MKL, we don’t usually see GAAP PE used for valuation. More often we see operational earnings, adjusted normalized earnings or book value used for valuation.

I do have limit buy orders at $1600, hoping to buy in an AI induced panic that seems to have hit many sectors recently, including insurance brokers.