Question
Incurred loss 65000000 underwriting expenses 38000000 premium written 76000000 Investment income 18000000 premiums earned 100000000 Allowance for contingencies 4000000 loss adjustment expenses 8000000 number of
Incurred loss 65000000
underwriting expenses 38000000
premium written 76000000
Investment income 18000000
premiums earned 100000000
Allowance for contingencies 4000000
loss adjustment expenses 8000000
number of exposed units 400000
what is the expense ratio ?
what is the combined ratio?
what is the gross rate?
determine whether this company makes profit or loss?
Interpret your results for each of this ratios calcaulated ?
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Financial Management For Decision Makers
Authors: Peter Atrill
7th Edition
129201606X, 978-1292016061
