Negative Operating And Free Cash FlowsPersistent negative operating and free cash flows are a structural concern for an insurer that must fund claims, reserves and capital needs. Weak cash generation can force asset sales, reduce reinvestment capacity or pressure capital distributions, undermining financial resilience over months.
Severe Recent Revenue DeclineA very large year-over-year revenue decline signals sustained top-line weakness or distribution problems. Falling premiums and fees reduce scale, hurt fixed-cost absorption, and impair the firm's ability to rebuild earnings and cash flow without meaningful remediation of sales or product mix.
Low And Volatile Net Profit MarginsVolatile, low net margins indicate difficulty converting gross margin into durable earnings. Expense volatility, reserve movements or investment variability can erode capital generation, making earnings and dividend projections less reliable and increasing sensitivity to adverse market or underwriting shocks.