Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A property - casualty insurer brings in $ 6 . 2 5 million in premiums on its home owners MP line of insurance. The line's

A property-casualty insurer brings in $6.25 million in premiums on its home owners MP line of
insurance. The line's losses amount to $4,343,750, expenses are $1,593,750, and dividends are
$156,250. The insurer earns $218,750 in the investment of its premiums. Calculate the line's loss ratio,
expense ratio, dividend ratio, combined ratio, investment ratio, operating ratio, and overall profitability.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Issues In Behavioral Finance

Authors: Simon Grima

1st Edition

1787698823, 978-1787698826

More Books

Students also viewed these Finance questions

Question

Does it have at least one-inch margins?

Answered: 1 week ago

Question

Does it highlight your accomplishments rather than your duties?

Answered: 1 week ago