8. For the past calendar year, Gulf Insurance reported the following financial information for a specific line of insurance c murs) Premiums Written Incurred Losses Underwriting expenses Earned Premiums Net Investment Income Loss Adjustment Expenses S6,309,000 $3,230,200 $1,977,700 S6,140,600 S960,020 $1,480,250 Calculate for the followings: (round to two decimal points) The insurers Loss ratio Expense ratio Net investment income ratio . b- Gulf Insurance's combined ratio for the year? - Gulf Insurance's overall operating ratio for the year? d- What conclusions can you reach about their performance