On his "Mad Money" show last night, Cramer said that Hartford's quarter was a blowout and that at $36 book value, the stock is going higher.

In a blog post yesterday, Cramer said that after guiding book value up, Hartford's "too cheap at $27." He continued: "Hartford has a very clean property casualty business that is worth $36 in solid book. Given that the company's raising book value to that level, it means that the rest of the company's valuation is no longer minus."

"Hartford Financial (HIG) on Tuesday named Liam McGee, the former Bank of America (BAC) head of consumer banking, as the insurer's new chairman and CEO." Read more here.

But these companies look to me like Hartford (HIG) at $12 or Principal Financial (PFG) at $10 or Genworth (GENW) at $4. The capital markets were open and receptive to those three annuity/insurers, and I don't even think they are as good as the banks I listed because they don't benefit from the yield curve, which is bountiful and apparently will stay bountiful for now. And yes, these can grow their way out of their holes.

i think it is undervalued

Another Spec

watch it and you will know

Making Genworth's collapse all the more painful was the surge in insurance industry stock prices last Wednesday after a report that the Treasury was prepared to give some large life insurers an injection of government aid. The rally sent up shares of MetLife(MET) and Prudential(PRU), mega-insurers that have long had bank holding-company status, as well as Lincoln National(LNC), Hartford Financial(HIG) and Genworth, which jumped on the bank-buying bandwagon during the height of the credit crisis last year. For more, click here.

I think the stock has bottomed

Cramer: The One Thing You Can't Do: Jim tells you to adjust your negativity now or pay the price. RealMoney.com viewers get Cramer's videos first and commercial free!
Click here to watch the video.

In the Thursday "Sell Block" segment, Cramer recited the mantra "when facts change, we change our minds," as he released life insurers Principal Financial (PFG), Prudential (PRU), Lincoln National (LNC) and Hartford Group (HIG) from solitary confinement.

BankingMyWay

Cramer said he doesn't want to own any of these names, but with the news that the government's TARP plan will be extended to the insurers, they're no longer toxic.

Cramer said there's no doubt these companies made a lot of terrible decisions, but TARP solves many of their problems and it's time to stop hating them. ("Mad Money Recap," 4-9-09)

insurance

bad investments

dont like the sector

not rebounding

bad finacial company

missed both ways

curled up and died as soon as I bought it