$11 billion and $700 million. That’s almost $12 billion. These are the 2016 profits of the following publicly traded property and casualty insurance companies: Travelers, Allstate, USAA, Progressive, Liberty Mutual, Hartford, FM Global, Loews and Fidelity National.[1] This does not include the twenty-four billion dollar profit that Berkshire-Hathaway, the owner of Geico, earned in 2016. […]