Dec 27, 2024
1:44:55pm
1:44:55pm
I’m probably misunderstanding. How can you be profitable w/ a neg gross margin?
- Bio page
- BYU'01
- Joined
- Jan 18, 2003
- Last login
- Dec 28, 2024
- Total posts
- 8,781 (144 FO)
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