b$)$ For the past calendar year, a property insurer reported the following

financial information for a specific line of insurance:

Premiums written $25,000,000$

Commissions $1,500,000$

Premium Taxes $2,500,000$

General Insurance Expenses $2,000,000$

Net Losses Incurred $9,000,000$

Loss Adjustment Expenses $6,000,000$

Earned premiums $20,000,000$

Interest $500,000$

Dividends $1,500,000$

Rental Income $1,500,000$

Gain on Sale of Securities $2,000,000$

i$.$ Calculate the insurer's loss ratio, expense ratio, combined

ratio, investment income ratio, and overall operating ratio.

ii$.$ Comment on the result based on your calculation.