And TRV earns 10% each year = not bad. I wouldn't mind earning 10% on my money each year without having to work. We should all start our own insurance company because that's how you make a ton of money. Warren Buffet understands this too and why he is a billionaire. He owned an insurance company initially. You collect premiums from everyone, invest those premiums and then pay back out a smaller amount and pocket the difference. What a business. Better yet - just own insurance company shares.