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In 2017 home insurance companies paid out 250% of premiums in claims. See page 63 of: https://www.energy.ca.gov/sites/default/files/2019-12/Forests_CCCA4-CNRA-

• YeBanKo 3y ago
  It’s one year. Insurance is a spread of losses over the time and over population. What was their aggregated loss/profit over let’s say last decade?
  • supertrope 3y ago
    From the highlights section: "In terms of financial performance, admitted insurers in the Homeowners Multiple Peril line broke even in terms of combined underwriting profit between 2001 and 2017. Results for the Fire line were better, with the combined ratio well below 100 percent over the same period. The industry was profitable when investment returns were considered; however, insurers’ experience between 2001 and 2017 illustrates how a particularly bad wildfire season can wipe out many years of underwriting profits."