Quote:
Originally Posted by limp_dilznick
Insurance companies don't make money off of premiums, i.e. from actually insuring people.
For every dollar they take in premiums, they pay approx one dollar in claims / operating costs.
They make money by investing the money while they have it (i.e. after they take in the premiums but before they pay it out in claims).
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Float is nice, isn't it? Is that quote in your sig from the Unibomber?