JKL Insurance Company reported the following information on its accounting statements last year: Premiums Written = $105,000,000; Loss Adjustment Expenses = $3,000,000; Underwriting Expenses = $30,000,000; Premiums Earned = $100,000,000; Incurred Losses = $70,000,000. What was JKL's combined ratio last year (in percentage)? 73.0 101.6 105.3 108.3