I think both of you are headed down a false path because that "profit" metric isn't meaningful here. A company can be rapacious and growing and exploitative without that always being reflected in "revenue minus expenses."
In particular:
1. The folks with incentive to make a bad policy have other ways of personally profiting.
2. IANAAccountant, but I think that isn't including all the money it has sunk into buying competitors and removing choice from consumers and policyholders.
In particular:
1. The folks with incentive to make a bad policy have other ways of personally profiting.
2. IANAAccountant, but I think that isn't including all the money it has sunk into buying competitors and removing choice from consumers and policyholders.