MIG

Military Insurance Corporation (MIG)

1. Military Commercial Joint Stock Bank 68.37%
2. Pyn Elite Fund (non-ucits) 5.29%

P/E 17.6
P/B 1.5

"The non-life insurance penetration rate is still slow at 0.7% compares to 2.3% - the saturation level of developed markets."
Buy and hold

Comment:

MIG was established in 2007, trade on market in 2011.
Subsudiary of the MB Bank

Comment:

Trade closed manually:

Mon 25.09.23
Trade closed. 10% Profit; I guess I should allocate fund to better performance stock.