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  "documentTitle": "Houlihan Lokey | Investment Banking Pitch Book | 42 slides",
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  "notes": "The table compares valuation multiples (P/E ratios) for selected insurance companies as of October 25, 2022, and December 13, 2022.",
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      "text": "Note: No company used in this analysis for comparative purposes is identical to the Company. 1. Based on fully diluted shares outstanding. 2. Based on public filings, analyst estimates, market data and other public information as of applicable date.",
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      "text": "Selected Companies – Equity Market Value to Adjusted Net Income",
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