Baker & Kolodny Auto Insurance Corporation shares with you the following key financial information, current as of 9-30- 2021: Written Premiums, Net of Reinsurance Earned Premiums* $84,500,000 $62,800,500 $28,200,000 Liquid Investments Incurred Losses + LAE $64,500,000 $67,750,000 Reserves for Losses + LAE Underwriting Expenses $ 9,600,000 Net Investment Income $ 4,400,000 Policyholders Surplus $22,000,500 *Assume the company's Unearned Premium Reserves = Unearned Premiums 1) Calculate and interpret the following ratios for SSA, showing your work: Ratio 1: Premium-to-Policyholder's Surplus Ratio 2: Loss Ratio Ratio 3: Combined Ratio Ratio 4: Investment Income Ratio Ratio 5: Operating Ratio 2) If the industry ratios are FAVORABLE in comparison to B&K's ratios, what might explain the difference (i.e., what may be going on with B&K in particular)? Baker & Kolodny Auto Insurance Corporation shares with you the following key financial information, current as of 9-30- 2021: Written Premiums, Net of Reinsurance Earned Premiums* $84,500,000 $62,800,500 $28,200,000 Liquid Investments Incurred Losses + LAE $64,500,000 $67,750,000 Reserves for Losses + LAE Underwriting Expenses $ 9,600,000 Net Investment Income $ 4,400,000 Policyholders Surplus $22,000,500 *Assume the company's Unearned Premium Reserves = Unearned Premiums 1) Calculate and interpret the following ratios for SSA, showing your work: Ratio 1: Premium-to-Policyholder's Surplus Ratio 2: Loss Ratio Ratio 3: Combined Ratio Ratio 4: Investment Income Ratio Ratio 5: Operating Ratio 2) If the industry ratios are FAVORABLE in comparison to B&K's ratios, what might explain the difference (i.e., what may be going on with B&K in particular)