Tag: profitability

USAA insurance company is profitable again after a bad 2022

Marc
Insurance company - 2022 loss - 2023 profit

That year was the first time in the insurer’s 102 years that it failed to bring in a profit The USAA insurance company has announced that it brought in a net income of $1.2 billion in 2023, following a rough 2022, in which it posted a net loss of $1.3 billion. The figures were released this month Even though the insurance company faced similar challenges that caused it to post a loss in 2022, it still managed to turn a profit.  The 2022 losses were the first time in the…

Read More

Warren Buffett thinks cyber insurance market could see “huge losses”

Marc
Cyber insurance - Losses

Berkshire Hathaway and its head see a chance that this market will experience struggles Berkshire Hathaway recently held its annual shareholder meeting in Omaha, and there, top exec Warren Buffett and top insurance exec Ajit Jain said that cyber insurance is too risky for the company. That particular market is currently quite profitable At the meeting, Jain underscored that while cyber insurance is profitable at the moment and has become “a very fashionable product,” the risks associated with investing in it are quite high.  He said that to date for…

Read More

3 Key Financial Decisions That Impact Company Profitability

Guest Author

Profitability is the critical factor that determines the success or failure of a business. It is also one of the significant indicators of the operational efficiency of a firm. But most importantly, profitability defines the return on investments, which is why it hugely depends on the company’s financial decisions. Like any other situation, decision making in an organization is essential to make the best use of available resources. It is essential to pursue and keep up with a significant financial decision because they define the route towards the organizational goals.…

Read More