20 points 6.XYZ Insurance Company has the following year-end financial results: Written Premiums $25,000,000 Earned Premiums 20,000,000 Underwriting Expense 5,000,000 Incurred Losses and Loss Adjustment Expense 14,000,000 Based on the results above the XYZ trade ratios are:: a) Loss Ratio 14,000,000/20,000,000= .70 b) Expense Ratio 5,000,000/25,000,000 = 20 c) Combined Ratio .70 + 20 = .90 Explain what the combined ratio indicates regarding XYZ Insurance Company's use of its premium dollars. Focus