Study is BS because it didn't include all the insurance companies that had negative return on equity.
http://www.canadianunderwriter.ca/n...rs-with-negative-return-in-equity/1003567346/
all insurance companies financials are posted online, all Insurance companies have to file for rate increases or decreases on personal insurance and receive permission from FSCO based on their profitability.
Read up more than just the studies you like. And as far as profits would you like your insurer to be broke so when a claim happens they cant pay or would you like that they be profitable so they can pay claims???
$2 billion profit to me means $2 billion after payouts. But since I can't find anything about it now, I might be mistaken.