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The Water Cooler
General Discussion
Aftermarket extended auto warranties
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<blockquote data-quote="soonersfan" data-source="post: 2988811" data-attributes="member: 9063"><p>This is actually not true at all. State Farm has a net loss on insurance in OK for the last 10 years. They are actually ok with breaking even on premiums. The money they get from premiums is invested in different ways and that is where their profit comes from. Certain types of insurance and probably most warranty programs for sure are profit generators but that is not the case with all insurance.</p></blockquote><p></p>
[QUOTE="soonersfan, post: 2988811, member: 9063"] This is actually not true at all. State Farm has a net loss on insurance in OK for the last 10 years. They are actually ok with breaking even on premiums. The money they get from premiums is invested in different ways and that is where their profit comes from. Certain types of insurance and probably most warranty programs for sure are profit generators but that is not the case with all insurance. [/QUOTE]
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Aftermarket extended auto warranties
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