An insurance company collected $3.6 million in premiums.

and disbursed $1.96 million in losses. Loss adjustment expenses amounted to 6.6 percent and dividends paid to policyholders totaled 1.2 percent. The total income generated from their investments was $170,000 after all expenses were paid. What is the net profitability in dollars? (LG 15-6)

AppendixLO1