PhiloSmith’s investment strategy focuses on a disciplined approach to fundamental research of insurance and other financial services companies.  With such numerous and diversified components making up this broad sector, filtering through investments to find the potential winners requires a dedicated and focused staff specialized in the industry.  Since entering the investment management arena in 1975, our portfolio management approach has remained consistent.

• Bottom-up stock picking
• Fundamental analysis and extensive on-site management meetings
• To seek companies with an above-average outlook selling at price/earnings and price/book ratios below sector averages
• To buy stocks in which the risk of loss is relatively limited and the chances of success are superior to the market
• Ownership by management/insiders should be meaningful
• The sustainability of the company’s direction
• Disciplined sell strategy based on “red flags”