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An insurance company collected $4.3 million in premiums and disbursed $2.03 million in losses. Loss adjustment expenses amounted to 7.3 percent and dividends paid to
An insurance company collected $4.3 million in premiums and disbursed $2.03 million in losses. Loss adjustment expenses amounted to 7.3 percent and dividends paid to policyholders totaled 1.9 percent. The total income generated from their investments was $240,000 after all expenses were paid. What is the net profitability in dollars? |
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