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A Look At ITOCHU (TSE:8001) Valuation As GUNA Re Receives New AM Best Ratings
AM Best’s new A- financial strength and “a-” issuer credit ratings for GUNA Re, ITOCHU (TSE:8001)’s captive reinsurer, put the group’s insurance operations in focus as investors reassess earnings diversification.
See our latest analysis for ITOCHU.
Despite the latest AM Best rating highlighting the quality of its reinsurance operations, ITOCHU’s share price has seen a 7.69% 1 month decline after a 7.74% 3 month share price return. At the same time, the 1 year total shareholder return of...