Question
An insurance company collected 10 million dollars in premiums and disbursed $8,250,000 million in losses. The loss adjustment (overhead) ratio is 11.3% and commission payments
An insurance company collected 10 million dollars in premiums and disbursed $8,250,000 million in losses. The loss adjustment (overhead) ratio is 11.3% and commission payments are 10.6%. What investment income needs to be generated to make this line profitable?
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
