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2. (5 points) Calculate the combined ratio using the following data. Written premium Earned premium Incurred underwriting expense Investment income Incurred losses and loss expense

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2. (5 points) Calculate the combined ratio using the following data. Written premium Earned premium Incurred underwriting expense Investment income Incurred losses and loss expense $52,000,000 $40,000,000 $8,000,000 $3,000,000 $30,000,000

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