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)

AppendixLO1