CubitOom comments on Why insurers worry the world could soon become uninsurable

[–] CubitOom@infosec.pub 7 points 1 year ago (4 children)

If the world is getting hard to insure, then I bet it would be hard for them to make a profit. I wonder how much their profit margins have shrunk.

[–] womjunru@lemmy.cafe 7 points 1 year ago (3 children)

Quite a bit, I’m sure, but the people who own them have their fingers in many pots

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[–] CubitOom@infosec.pub 15 points 1 year ago (2 children)

Hmm, seems like profits actually increased

https://m.macrotrends.net/stocks/charts/ALL/allstate/gross-profit

Allstate gross profit for the twelve months ending June 30, 2025 was $24.546B, a 23.67% increase year-over-year.
https://m.macrotrends.net/stocks/charts/PGR/progressive/gross-profit

Progressive gross profit for the twelve months ending June 30, 2025 was $9.737B, a 3.56% increase year-over-year.
https://m.macrotrends.net/stocks/charts/TRV/travelers/gross-profit

Travelers gross profit for the twelve months ending June 30, 2025 was $20.013B, a 17.62% increase year-over-year.

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[–] womjunru@lemmy.cafe 6 points 1 year ago

They just charge more. I remember the days when being a good driver would LOWER your insurance

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[–] Auli@lemmy.ca 3 points 1 year ago

They just deny all the claims. Pat for insurance and never get a buy out.

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