Its annoying to here their CEO say that the combined ratio is 98% except for blah, blah, blah.
This type of statement is similar to the following:
I am slim except I for the fact that I am overweight.
I am rich except for my debts.
I am handsome except for that wart on my nose.
Its annoying to here their CEO say that the combined ratio is 98% except for blah, blah, blah.
This type of statement is similar to the following:
I am slim except I for the fact that I am overweight.
I am rich except for my debts.
I am handsome except for that wart on my nose.
What are you annoyed by exactly. CNA posted an underwriting profit. Not bad- all and all.
The real question might well be what shannigans engineered the loss ratio?