An insurance company collected ($3.6) million in premiums and disbursed ($1.96) million in losses. Expenses amounted to

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An insurance company collected \($3.6\) million in premiums and disbursed

\($1.96\) million in losses. Expenses amounted to 6.6 percent and dividends paid to policyholders totaled 1.2 percent. The total income generated from the company’s investments was \($170,000\) after all expenses were paid. What is the net profitability in dollars?

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Financial Institutions Management A Risk Management Approach

ISBN: 9781266138225

11th International Edition

Authors: Anthony Saunders, Marcia Millon Cornett, Otgo Erhemjamts

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