S&P lowers State Farms ratings
I plugged in, "Insurance Company Profits" to Google?
Was rewarded with hundreds, if not thousands of entries; chronically the Insurance Industry & their financial state A to Z.
Entries made by entities ranging from individual company P&L reports to stockholders to detailed articles written by financial pubs such as Forbes et al.
Mostly Blue Sky, neighbor.
Don't believe me, though; go nuts, for yourself.
I've no time for FR's militant insurance lobby, truth be known.
My original comment was made to someone I know, knows what the score really is; v.s., the industry-spun propaganda.
...besides: I hear all about it every holiday & see the ins co fruits manifest in a myriad of ways, first-hand.