Question · Q2 2025
Jim Harden inquired about the captive insurance subsidiary, asking about its overall performance, investment mix, the types of insurance products being sold, and future expansion plans.
Answer
The executive stated that the captive insurance business is in its very early stages. Its assets are managed very conservatively, mostly held in cash. They have just begun leveraging their marketing channels to sell health insurance as a broker, not yet underwriting the risk themselves. While there are plans to expand into other lines of insurance, it's too early to provide specifics, and underwriting risk directly is likely a few years away.