Earnings AssessmentEPS of 65c missed estimates of 84c. Insurance revenue of $991.9M beat estimates of $953.8M. Gross written premiums were $955.6M, ahead of estimates of $922.1M. Premiums rose 12.8%. The combined ratio was a solid 93.9%. ROE was 9.4%. Book value rose 10.9% to $25.40. EPS forward estimates have risen 2.9% in the past month. DFY has had a good run, but more earnings growth is expected over the next two years. It is clearly outperforming many in the sector and continues to look good. (5iResearch)