A property-casualty insurer brings in $6.25 million in pre- miums on its homeowners MP line of insurance.
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A property-casualty insurer brings in $6.25 million in pre- miums on its homeowners MP line of insurance. The line's losses amount to $4,343,750, expenses are $1,593,750, and dividends are $156,250. The insurer earns $218,750 in the investment of its premiums. Calculate the line's loss ratio. expense ratio, dividend ratio, combined ratio, investment ratio, operating ratio, and overall profitability. (LG 15-6)
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Related Book For
Financial Markets And Institutions
ISBN: 9780078034664
5th Edition
Authors: Anthony Saunders, Marcia Cornett
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