Activity-Based Costing in an Insurance Company Umbrella Insurance Company carries three major lines of insurance: auto, workers' compensation, and homeowners. The company has prepared the following report for 20Y2: Umbrella Insurance Company Product Profitability Report For the Year Ended December 31, 20Y2 Auto Workers' Compensation Homeowners Premium revenue $ 7,200,000 $ 6,500,000 $ 9,200,000 Less estimated claims (5,040,000) (4,550,000) (6,440,000) Underwriting income $ 2,160,000 $