How does this square with the report that State Farm lost over $7 billion on Personal Auto alone in 2016 with 108% Combined Loss Ratio? How about that 131% Combined Loss Ratio for AIG? How about that 138% Loss Ration on Allianz?
AIG is not a captive; Allianz is also not a captive. State Farm made money overall even thought they lost 7B in auto alone. Their investment income was over 100M.
How does this square with the report that State Farm lost over $7 billion on Personal Auto alone in 2016 with 108% Combined Loss Ratio? How about that 131% Combined Loss Ratio for AIG? How about that 138% Loss Ration on Allianz?
AIG is not a captive; Allianz is also not a captive. State Farm made money overall even thought they lost 7B in auto alone. Their investment income was over 100M.
Even though they made money overall? Why did they close 11 offices and lay off or transfer 4,500 employees if they have been doing so well?