It appears that their pricing was too high on their policies so although they got higher prices the number of policies they are writing is going down. Clearly unsustainable longer term. Now it appears they are going to drop prices to compete and that is the reason for the drop.
so my question is who got the business they lost?? they should have a great report because my interpretation of the sell off today was the same as yours increased premiums, less revenue lots less policies. long term not good situation but it drug down some other insurance companies also for irrational reasons because someone got the policies.