All the growth is pure smoke and mirrors and will not last. I will try to avoid writing a financial novel but SF will collapse because of it's cost structure, greed, horrible leadership, bad business model, and lack of reinvestment in its workforce. The Fed will never stop pumping money/debt (Japan has tried) into the economy and the US will eventually have negative interests rates on all bonds...basically we have negative interests rates now but I won't bore you with that explanation. Interest rates are not going up folks, they never can! Not to mention all the upcoming Socialist/social spending/taxing! A market collapse is coming plus inflation will ki-l SF, parts for cars, labor, and building materials have and will stay through the roof. SF is going to take massive rates increases next year and the loss/expense ratios will go back up! Lapse/Can too! I laughed so hard when Mary S. gave something away on the Exec call last week. Her statement about who would think...this time last year we were in a "recession" and people were needing jobs and now we have a hiring shortage. They bet ALLLL on red and it hit black. They bet the recession would continue and people would be begging for jobs. They took the opportunity, during a pandemic, to close all the LOCs/not hire. SF thought they were going to be able to lower the BO-M on their employees AGAIN and wouldn't have other options for employment! LOL! SF it always catches up to you. Now the Claim's Ninja is trying to save face with the same lies! To sum it up...horrible leadership/business model, high loss/expense ratios, no stock market returns, no bond yields/returns, rising costs/inflation, and a useless, pi---d off work force! Good luck SF you are going to need it! If we have another record CAT year that's going to bust the seams too! I know the trolls are going to chime in as usual (why I included the links below) so they can take a break from their Devry On-line Degree and actually learn something!
https://content.naic.org/cipr_topics/topic_low_interest_rates.htm
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/negative-rates-european-banks-must-reinvent-themselves-in-quest-for-profit-65136232
https://medium.com/@bgschust/true-inflation-exceeds-7-8dced84ae05
https://news.metal.com/newscontent/100918167/japan-lost-30-years-of-american-money-printing-out-a-debt-its-urgent-to-go-to-keynesian
https://www.barrons.com/articles/what-if-the-fed-cant-raise-interest-rates-why-near-zero-is-the-new-normal-51622063791