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AO 21 Aalbcdte Aalbcode AaBbCD AaBbcd No Spacing Heading 1 Heading 2 E IO 1. Company Analysis Questions Westleyville Insurance Company is located within Erie
AO 21 Aalbcdte Aalbcode AaBbCD AaBbcd No Spacing Heading 1 Heading 2 E IO 1. Company Analysis Questions Westleyville Insurance Company is located within Erie County, Pennsylvania. This Insurance company specializes in high-risk automobile Insurance and insurance for older and marginal homes located throughout its underwriting area. The company is licensed in Pennsylvania, Ohio, West Virginia and Indiana. Its Board of Directors is elected by the company stockholders The 2019 financial information for the company includes: Written premium $76,890,000 Earned premium $67,600,000 Paid Losses and new open loss reserves $41,560,000 Claims adjustment expenses $ 4,435,000 Operational expenses $23,770,000 Investment income $5,659,000 Based upon the above information, answer the following questions, (18 points) 1. What is the corporate structure of the company? 2. Based upon domicile, what type of company is Westleyville in: Pennsylvania b. Indiana 3. What is the company loss ratio for 2019? 11 Focus View -rences Mailings Review PO EEVEE AE Acrobat ac at 9 ABCDE Aalbccdee No Spacing AaBbCD AaBbCcDde Heading 1 Heading 2 Normal 3. What is the company loss ratio for 2019? 1 Page 4. What is the expense ratio? 5. What is the combined ratio? 6. What is the investment income ratio? 7. What is the final operating ratio? 8. Did the company have a good year or an unprofitable year? Explain your
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