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  "documentTitle": "Houlihan Lokey | Investment Banking Pitch Book | 42 slides",
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  "presentationDate": "2022-12-01 00:00:00",
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  "notes": "The chart shows a significant decline in Twins' trading multiple relative to peer groups since 2020.",
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      "text": "Note: Market Capitalization/NTM Adjusted Net Income multiples less than or equal to 0.0x and greater than 40.0x deemed to be not meaningful and excluded from the displayed data.",
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      "text": "Summary table of 1-year, since IPO, 3-year, 5-year, and 10-year average multiples for Twins, Workers' Comp Insurers, and Specialty Insurers.",
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      "text": "Market Capitalization/NTM Adjusted Net Income Lookback",
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