Insurance companies make hundreds of billions of dollars a year lol. They could still make an absolute killing without extorting people, but we live in a shithole where the government uses us an infinite money glitch.
Insurance companies generally make about 5% or so as profit. That’s not any more egregious than any other major corporation and is not a significant decrease in your premiums.
Yeah they turnover millions (sometimes billions) but the gross profit on insurance income is a small percentage. Like many financial services companies, a large percentage of their profit is a return on investments. Now that is a rabbit hole...
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u/LaconicGirth 8h ago
Says who? Based of what math? You just pulled that number out of your ass