A propertycasualty insurer brings in $6.25 million in premiums on its homeowners MP line of insurance. The
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A property–casualty insurer brings in $6.25 million in premiums 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)
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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