A propertycasualty insurer brings in $5.55 million in premiums on its homeowners multiple line of insurance. The
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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
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ISE Financial Markets And Institutions
ISBN: 9781265561437
8th International Edition
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
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