Noting the incredibly complex and thought out financial structure the insurance industry operates on, Warren Buffett has recently expressed his love of the insurance industry… “Despite the common misconception, insurers’ primary goal isn’t to make money from the premiums they collect. If they can, it’s a nice bonus, but it’s generally not necessary for insurers to be profitable. In fact, many property/casualty insurers regularly operate at an underwriting loss, meaning that they pay out more money in claims than they bring in as premiums…” [ Read more here ]