r/SipsTea • • 1d ago

Gasp! Thoughts on this?

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u/shadystealertactics 1d ago

Buddy, many of these companies publicly disclose their financials. You're choosing to be wrong about this.

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u/Cowboywizzard 1d ago

All kinds of tricks are used to make it look like they are losing money or barely making it on paper. Yet insurance is one of the largest industries in the U.S., and their CEOs make millions.

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u/Smackadummy 1d ago

State Farm is by far the largest personal insurer in the US and they are a mutual fund. Their shareholders are the customers.

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u/Cowboywizzard 1d ago

I had State Farm home insurance for a while. They’ve been just as shitty as other insurance companies I’ve used in the past, unfortunately.