44. Martina, Cromley Insurance Companys (Cromley) underwriting manager, wants to know if her underwriting department has had a gain or loss. Cromley has homeowner losses of $1,000,000 and written premium of $3,000,000. Cromley has earned premiums of $2,000,000. The taxes, salaries, and building expense for Martinas underwriting department are $600,000. What is Cromleys combined ratio?

Group of answer choices

c. 70%

d. 80%

a. 50%

b. 53%