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Run-off operation

Author: Jamie Thompson
Date: 02-24-05 19:58

On CNA.com I was looking at annual CNA financial statements and in one place it said they were running thier long term care business as a "run-off operation". My question is what does run-off operstion mean?

Re: Run-off operation

Author: Scott A. Olson
Date: 02-24-05 20:36

Jamie,

It means that they are not seeking new sales of long term care insurance policies. And that they will simply manage the policies that they do have and try to make a profit by keeping their costs low.

Scott A. Olson, CLTC
scottaolson@hotmail.com

Re: Run-off operation

Author: Jamie Thompson
Date: 02-25-05 13:43

Thank you, I don't know what CNA's "Game Play" is for long term care insurance, but it sounds like they built a fence around it to keep their options open.

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