The Importance of Leverage in Insurance Operations

Leverage and birchers response were two main reasons why they're able to to respond better. And insurance companies equity capital could be in stocks, so this means that you could get a decent return on it without necessarily making a good return from underwriting. But you have to have that capital because of the problems that could happen where you have to pay out more. So I think that's really unique to think about from a every business a movie theater.