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JKL Insurance Company reported the following information on its accounting statements last year: Show all work . Premiums Written $90,000,000 Loss Adjustment Expenses $5,000,000 Underwriting

JKL Insurance Company reported the following information on its accounting statements last year:

Show all work.

Premiums Written $90,000,000

Loss Adjustment Expenses $5,000,000

Underwriting Expenses $30,000,000

Premiums Earned $100,000,000

Incurred Losses $70,000,000

Investment Income $10,000,000

1.What was JKL's loss ratio last year?

2.What was JKL's expense ratio last year?

3.What was JKL's combined ratio last year?

4.What was JKL's investment income ratio?

5.What was JKL's overall operating ratio?

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