An insurance company collected $12.75 million in premiums and disbursed $9.18 million in losses. Loss adjustment expenses

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An insurance company collected $12.75 million in premiums and disbursed $9.18 million in losses. Loss adjustment expenses amounted to 20.1 percent and dividends paid to policyholders totaled 5 percent.

The total income generated from the company’s investments was

$1,420,000 after all expenses were paid. What is the net profitability in dollars? (LG 15-6) LO.1

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Financial Markets And Institutions

ISBN: 9781259919718

7th Edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jul 25, 2024 09:00 AM

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An insurance company collected $12.75 million in premiums and disbursed $9.18 million in losses. Loss adjustment expenses

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Financial Markets And Institutions

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