By using the information in the income statement :

1. Calculate and evaluate: the Net Underwriting Margin (NUM), Loss Ratio, Expense Ratio, Combined Ratio, and Overall Profitability Ratio for each year

2. Calculate the firms OPM, OROA, ROA, ROE, and equity multiplier (EM).

3. Calculate NUM = (Premiums Earned Total Policy Expenses) / Total Assets for the year 2020 & 2019

The Save You Insurance Company has the following financial statements. 2020 2019 Net Premiums Written 48,612 47,398 Income Statement ($ mils.) Premiums Earned Loss Expenses Operating Expenses Total Policy Expenses Net Underwriting Gain/Loss Net Investment Income Operating Income before taxes Dividends to Policyholders Income Tax Net Income Ave Investment Yield (mils.) Total Assets Liabilities Total Liabilities Total Equity Total Liabs. & Equity 42,624 30,746 17,720 48,466 (5,842) 15,700 9,858 6,517 1,294 $2,047 4.94% 2020 $381,972 48,321 34,364 17,693 52,057 (3,736) 19,995 16,259 10,361 1,670 $ 4,228 5.89% 2019 $406,529 $349,069 32,903 $381,972 $369,700 36,829 $406,529