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An insurance company's collected $3.6 million in premiums. And disbursed $1.96 million in losses. Loss adjustment expenses amounted to 6.6 percent and dividends paid to
An insurance company's collected $3.6 million in premiums. And disbursed $1.96 million in losses. Loss adjustment expenses amounted to 6.6 percent and dividends paid to policyholders totaled 1.2 percent. The total income generated from their investments was $170,000 after all expenses were paid. What is the net profitability in dollars? (Lg 15-6)
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