An insurance company collected $3.7 million in premiums and disbursed $1.97 million in losses. Loss adjustment expenses amounted to 6.7 percent and dividends paid to
An insurance company collected $3.7 million in premiums and disbursed $1.97 million in losses. Loss adjustment expenses amounted to 6.7 percent and dividends paid to policyholders totaled 1.3 percent. The total income generated from their investments was $180,000 after all expenses were paid. What is the net profitability in dollars?
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Authors: Frank J. Fabozzi, Sylvan G. Feldstein
1st Edition
0470108754, 9780470108758
