Dec 27, 2024
4:25:37pm
4:25:37pm
I guess I have no idea what you are saying from a GAAP perspective. No insurers
are reporting negative gross margins and profitability.
You cannot have a negative gross margin and be profitable with extraordinary events captured outside of gross margin.
You cannot have a negative gross margin and be profitable with extraordinary events captured outside of gross margin.
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- BYU'01
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- Jan 18, 2003
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- Dec 29, 2024
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Messages
Time
Dec 27, 12:58pm
Dec 27, 12:16pm
That’s very simplistic thinking. The profit for an insurance company isn’t just 100 less the combined ratio. Insurance
Dec 27, 12:51pm
Dec 27, 1:34pm
Dec 27, 1:44pm
Investing the money they receive in premium before it is paid out in claims. Carriers are huge investment engines.
Dec 27, 2:05pm
Dec 27, 4:25pm
Of course not, because of the investments. I’m not talking about profitability. I’ll talking about combined ratio which
Dec 27, 5:11pm
Dec 27, 5:13pm
Dec 27, 5:21pm