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Following information is extracted from ABC Insurance company: Incurred losses=95,000,000 Loss adj expenses 8,000,000 Premium Written =107,000,000 Premiums earned= 105,000,000 No of exposure units=450,000 Investment
Following information is extracted from ABC Insurance company: Incurred losses=95,000,000 Loss adj expenses 8,000,000 Premium Written =107,000,000 Premiums earned= 105,000,000 No of exposure units=450,000 Investment Income=16,000,000 Commissions=12,000,000, Premium taxes 5,000,000, and General insurance expenses =30,000,000 (Total underwriting expenses = 47,000,000) Calculate: 1. Loss Ratio 2. Expense Ratio 3. Combined Ratio 4. Investment Income Ratio 5. Overall Operating Ratio. 6. Pure Premium and 7. Gross Rat
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