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A propertycasualty insurer brings in $6.17million in premiums on its homeowners MP line of insurance. The lines losses amount to $4,238,790, expenses are $1,523,990, and
A propertycasualty insurer brings in $6.17million in premiums on its homeowners MP line of insurance. The lines losses amount to $4,238,790, expenses are $1,523,990, and dividends are $104,890. The insurer earns $166,590 in the investment of its premiums. Calculate the lines loss ratio, expense ratio, dividend ratio, combined ratio (after dividends), investment ratio, operating ratio, and overall profitability. |
a. Loss ratio
b. Expense ratio
c. Dividend ratio
d. Combined ratio
e. Investment ratio
f. Operating ratio
g. Overall profitability
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