A propertycasualty insurer brings in $5.55 million in premiums on its homeowners multiple line of insurance. The

Question:

A property–casualty insurer brings in $5.55 million in premiums on its homeowners multiple line of insurance. The line’s losses amount to $3,962,700, expenses are $1,526,250, and dividends are $333,000. The insurer earns $349,650 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.

AppendixLO1

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

ISE Financial Markets And Institutions

ISBN: 9781265561437

8th International Edition

Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts

Question Posted: