Question
9. What are the advantages finance companies (FCs) have over banks in the area of business lending? What disadvantages do they have? 10. Annual Data
9. What are the advantages finance companies (FCs) have over banks in the area of business lending? What disadvantages do they have?
10.
| Annual Data | Thousands in Dollars |
|---|---|
| Premium earned | $35,600 |
| Losses Incurred | $26,760 |
| Expenses/Commissions | $9,125 |
| Dividends paid to policy holders | $600 |
| Investment income on premiums | $1,525 |
What is the combined ratio after dividends for this line? Are premiums sufficient to generate profitability for this line? Why or why not?
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The Handbook Of International Trade And Finance
Authors: Anders Grath
4th Edition
0749475986, 978-0749475987
