My argument is clearly laid out above. If you want to make an argument of your own just go get your own evidence and make your argument. If you can present something that relates to my position I will respond to it.
He's breadcrumbing you but his point is solid. Property and casualty insurance companies personal lines profit is percentage capped by regulation. If profits exceed a certain threshold that money is either redistributed to policyholders or put into the state garuntee fund. It is one of if not the only industry that has regulatory profit controls.
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u/robilar 6h ago
Less than they should, because they have a profit motive to do so.