Given the following data, please calculate the combined ratio for MSIC:

Part 2

Using the information from the above, what is the company's pre-tax profit in millions of dollars?

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Milwaukee Specialty Insurance Company has had a very bad financial year. There were many icy days in Milwaukee this winter and the company has had to pay out more claims than usual. Given the following data, please calculate the combined ratio for MSIC: Earned premiums: $120 million Incurred Losses: $95 million Investment Income: $2 million Incurred Expenses: $25 million