Worth keeping in mind in these discussions that insurance companies exist to make money off of the "float" (interest on money they hold): https://www.npr.org/se

Worth keeping in mind in these discussions that insurance companies exist to make money off of the "float" (interest on money they hold): https://www.npr.org/sections/money/2010/03/warren_buffett_explains_the_ge.html https://www.npr.org/sections/money/2010/03/warren_buffett_ex... They can have underwriting losses every single year and still be fine.