Homeowners insurance is such an incredibly brutal business

Homeowners insurance is such an incredibly brutal business:

- Average annual profitability for the industry is less than 1%

- In any given year, insurers lose money in about 1/3rd of the states

- Since 1977, profits were >10% in only 5 years, and have never exceeded 15% https://t.co/aFDJ8FHFHy pic.twitter.com/olNJGdkM9Q

— Alec Stapp (@AlecStapp) January 23, 2025