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If losses on a particular line of fire insurance were $550 million, premiums earned were $695 million, and loss adjustment expenses were $95 million, the
If losses on a particular line of fire insurance were $550 million, premiums earned were $695 million, and loss adjustment expenses were $95 million, the combined ratio would be
A. 0.15 implying that this line of insurance is profitable.
B. 0.93 implying that this line of insurance is profitable.
C. 0.93 implying that this line of insurance is unprofitable.
D. 1.08 implying that this line of insurance is unprofitable.
E. 1.08 implying that this line of insurance is profitable.
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