Coumbassa Insurance Company, a two-person firm, recently, as part of a periodic review,

reported the following information in its financial statements for the past fiscal year:

Incurred Losses $85,000,000

Premiums Written $93,000,000

Loss Adjustment Expenses $7,000,000

Underwriting Expenses 28,000,000

Premiums Earned $100,000,000

What was Coumbassas combined ratio last year?

		100.0
		103.3
		105.0
		122.1