USAA returns $3.7 billion to members: Here's what to know

WELCOME BACK TO SQUAWK BOX. GOT SOME NEWS FROM THE INSURANCE INDUSTRY. CONTESSA BREWER JOINS US AT THE TABLE THIS MORNING WITH MORE.WHAT'S GOING ON. >> MORNING GUYS. WELL WE CAN EXCLUSIVELY REPORT THIS MORNING USAA IS SET TO RETURN $3.7% BILLION TO ITS POLICYHOLDERS, 14.2% MILLION OF THEM MOSTLY SERVICE MEMBERS, VETERANS AND THEIR FAMILIES.USAA IS AN ASSOCIATION, AND SO ITS CUSTOMERS ARE ALSO ITS SHAREHOLDERS. THIS IS THE LARGEST PAYBACK IN THE COMPANY'S 103 YEAR HISTORY, AND THAT'S IN SPITE OF THE CONSI ...