[_xerces_]

If Tesla Insurance is paying out for parts to fix damaged Teslas aren't Tesla effectively paying themselves and so recouping some of the paid out monies? Sure, it goes on a different balance sheet, but it's all Tesla in the end.

On second thought maybe this loss ratio is based on buying parts at cost from the auto division and so there is still a loss there to Tesla who has to supply them from China or whereever.

[analog31]

Some of the traditional insurance companies do this too, by having an ownership stake in the repair facilities, so they also buy repairs "at cost."