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Highest Forward P/E Ratio in the Reinsurance Industry Detected in Shares of Alleghany Corp (Y, RNR, RE, RGA, TPRE)

By James Quinn

Below are the three companies in the Reinsurance industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Alleghany Corp ranks highest with a a forward P/E ratio of 16.68. Renaissancere is next with a a forward P/E ratio of 14.04. Everest Re Group ranks third highest with a a forward P/E ratio of 9.00.

Reinsurance Grou follows with a a forward P/E ratio of 7.10, and Third Point Rein rounds out the top five with a a forward P/E ratio of 3.30.

SmarTrend is tracking the current trend status for Alleghany Corp and will alert subscribers who have Y in their portfolio or watchlist when shares have changed trend direction.

Keywords: highest forward p/e ratio alleghany corp renaissancere everest re group reinsurance grou third point rein

Ticker(s): Y RNR RE RGA TPRE