Question
An insurance company collected $4.2 million in premiums and disbursed $2.8 million in losses. Loss adjustment expenses amounted to 5 percent and dividends paid to
| An insurance company collected $4.2 million in premiums and disbursed $2.8 million in losses. Loss adjustment expenses amounted to 5 percent and dividends paid to policyholders totaled 2 percent. The total income generated from their investments was $210,000 after all expenses were paid. What is the net profitability in dollars? |
| A. | $1,216,000 | |
| B. | $1,316,000 | |
| C. | $1,456,000 | |
| D. | $1,676,000 |
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Social Finance Shadow Banking During The Global Financial Crisis
Authors: Neil Shenai
1st Edition
3030082318, 978-3030082314
