Question
An insurance company collected $4.2 million in premiums and disbursed $2.12 million in losses. Loss adjustment expenses amounted to 6.8 percent and dividends paid to
An insurance company collected $4.2 million in premiums and disbursed $2.12 million in losses. Loss adjustment expenses amounted to 6.8 percent and dividends paid to policyholders totaled 1.8 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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Sawyer's Internal Auditing The Practice Of Modern Internal Auditing
Authors: Lawrence Sawyer, Mortimer Dittenhofer, James Scheiner
5th Edition
0894131788, 978-0894131783
