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onlypassingthrulast Friday at 6:55 PM1 replyview on HN

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.


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bruce511last Friday at 7:28 PM

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.

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