I’ve been reading their past few call transcripts and I’m struggling to get my head around the financial updates and terminology.
"In-force premium grew 99% in Q3 as compared to Q3 in the prior year to $188.9 million. "
So in the insurance world, are we saying this doesn’t actually count as revenue growth and its more like a GMV?
Their updates seems a little odd, the CFO doesn’t actually call out revenue growth for the quarter at all, only in the financial outlook part where he mentions GAAP revenue…
I agree with the Tom Gardner double down approach. I had a sense this was coming as he seems to be all over these guys and likes what he sees. But I’m in agreement, this is a 5 year buy and hold at the least.
Apologies for my ignorance!