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  "documentTitle": "Deutsche Bank | Investment Banking Pitch Book | 38 slides",
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  "authorName": "Deutsche Bank",
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  "presentationDate": "2018-02-01 00:00:00",
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  "notes": "The chart tracks stock price rebased to Pine's price, showing a significant drop following Q3 earnings and a subsequent offer.",
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      "text": "Note: Market data as of 2/2/2018. Peers include AFG, AGII, AIZ, AMSF, CNA, EIG, JRVR, MKL, NAVG, PRA, SIGI, THG and WRB. Source: FactSet",
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      "text": "Pine, Peers, S&P 500, Offer price, 3-month VWAP",
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      "text": "November 8, 2017: Pine announces Q3 earnings, including adverse development cover of $326.9mm",
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      "kind": "paragraph",
      "text": "January 9, 2018: Stone Point Capital and Family Stockholders make offer to acquire outstanding shares of common stock for $12.25/share",
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      "text": "November 6, 2017: Pine announces sale of Tecmo",
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