Underwriting profit is in such a m...

Underwriting profit is in such a manner important to State Automobile Mutual Insurance Co that each employee at the company not alone knows what an underwriting profit means, if it were not that also can tell you by what means the company is performing.

"We all rise and fall together," said Robert H Moone chairman, chief executive officer and president. "Ask any of our employee what a combined ratio [losse and costs as a percentage of premiums] is, and they can reckon you. They care."

All employee receive the same percentage of profit sharing based