SEABRIGHT INSURANCE HOLDINGS INC (SBX) filed Quarterly Report for the period ended 2011-09-30.
Seabright Holdings has a market cap of $161.1 million; its shares were traded at around $7.2 with and P/S ratio of 0.5. The dividend yield of Seabright Holdings stocks is 2.8%.
This is the annual revenues and earnings per share of SBX over the last
10 years. For
detailed 10-year financial data and charts, go to 10-Year Financials of SBX.
Highlight of Business Operations:
If we fail to accurately assess our future claims costs, our loss reserves may be inadequate to cover our actual losses. As discussed under “Management's Discussion and Analysis of Financial Condition and Results of Operations – Critical Accounting Policies, Estimates and Judgments – Unpaid Loss and Loss Adjustment Expenses” in our 2010 Annual Report on Form 10-K, there are many variables that can impact the adequacy of our loss and loss adjustment expense liabilities and we continually refine our loss reserve estimates. In response to the factors described in the preceding paragraph, we strengthened our loss reserves for prior accident years by $31.2 million in the nine months ended September 30, 2011, and $30.5 million in the nine months ended September 30, 2010. We may ultimately conclude that our current estimate of loss reserves is inadequate, if the negative claim trends described above continue or worsen. Future adverse development could require us to increase our loss reserves, which could have a material adverse effect on our earnings and financial position in the periods in which such increases are made.
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