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An insurance company collected $4.5 million in premiums and disbursed $2.05 million in losses. Loss adjustment expenses amounted to 7.5 percent and dividends paid to

An insurance company collected $4.5 million in premiums and disbursed $2.05 million in losses. Loss adjustment expenses amounted to 7.5 percent and dividends paid to policyholders totaled 2.1 percent. The total income generated from their investments was $260,000 after all expenses were paid. What is the net profitability in dollars? (Enter your answer in dollars not in millions.)

image text in transcribed An insurance company collected $4.5 million in premiums and disbursed $2.05 million in losses. Loss adjustment expenses amounted to 7.5 percent and dividends paid to policyholders totaled 2.1 percent. The total income generated from their investments was $260,000 after all expenses were paid. What is the net profitability in dollars? (Enter your answer in dollars not in millions.)

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