The insurer losing money insuring your does not mean it's a good deal on net.
I pay $100, they pay out $90 on my behalf in that time period, total cost to them is $110 because overhead. That it cost them $110 and I only paid $100 doesn't mean I'm not losing $10.
Of course they actually make $111 because they invested my money but that's beside the point.
I pay $100, they pay out $90 on my behalf in that time period, total cost to them is $110 because overhead. That it cost them $110 and I only paid $100 doesn't mean I'm not losing $10.
Of course they actually make $111 because they invested my money but that's beside the point.