fergyl has the best record on H/C, page-6

Premium income is only one part of the equation for an insce company's profitability.

A substantial port of their income is derived from investment income. Flat/declining equity markets mean they take a big hit to their bottom line.

Witness the latest reports by AMP, QBE and SUN.

It was in fact this investment income problem that I predicted back in March would seriously detract from the bottom line of SUN post GIO.

Remember that Hell?