Slim from a percentage of total premiums but substantial when looking at the absolute dollar amount of profits. It's all relative to the size of the pie.
The absolute value is only meaningful when compared to the amount of capital invested.
Its also only meaningful when measured over a long period which takes good years and bad years into account.
The absolute value is only meaningful when compared to the amount of capital invested.
Its also only meaningful when measured over a long period which takes good years and bad years into account.