USAA’s profit declines in 2018 as revenue increases

USAA's profit declined from $2.4 billion in 2017 to less than $2.3 billion in 2018, despite generating more revenue last year.

All of the San Antonio-based financial services giant's businesses generated $31.3 billion in total revenue during 2018, which is up from $30 billion a year before, according to the organization’s annual membership report. Of that figure, about $22 billion are from net insurance premiums.

USAA’s syndicate of companies lost about $479 million from its investments over…

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