Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 06, 2024

please solve QUESTION 2 United Insurance company has a loss adjustment expense of 430, underwriting expenses equalling 177 while the losses incurred is 118. Furthermore,

please solve

image text in transcribed

QUESTION 2 United Insurance company has a loss adjustment expense of 430, underwriting expenses equalling 177 while the losses incurred is 118. Furthermore, their investments have created a profit of 194. If the company has collected a total of 853 in promiums this year, how much would their combined ratio be

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Multinational Business Finance

Multinational Business Finance

Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett

6th Edition

0201538997, 978-0201538991

More Books

Students also viewed these Finance questions

Question

★★★★★

List several products or components that could not be made properly, or function effectively in service, without implementation of the knowledge involved in Sections 4.2 through 4.5.

Answered: 1 week ago

Question

★★★★★

What are the normal balances for the following accounts of Tootsie Roll In- dustries: Accounts Receivable; Income Taxes Payable; Sales; and Selling, Marketing, and Administrative Expense? The answer...

Answered: 1 week ago

Question

★★★★★

2. Tell about your own failures that became successes when you tried new strategies or got the right help.

Answered: 1 week ago

Question

★★★★★

a. Outline revenue recognition criteria under modified accrual accounting. Include specific requirements for property tax revenue. b. Outline expenditure recognition criteria under modified accrual...

Answered: 1 week ago

Question

★★★★★

A mobile phone manufacturer conducted a study amongst its customers where, following the Zaltmann technique they asked respondents to select images to describe their thoughts when they imagined a...

Answered: 1 week ago

Question

★★★★★

Identify your interests as well as your counterpart's interests. Analyze both tangible and intangible interests

Answered: 1 week ago

Question

★★★★★

You give a presentation about technical operations management concepts to an audience that knows very little about the subject. Which McCandless Method concept helps ensure your audience does not...

Answered: 1 week ago

Question

★★★★★

3. Question 3 Imagine it is currently the first day of 2019. The corporate tax rate is 40 % and the WACC is estimated to be 13 % pa. Suppose also that there is no surplus cash in any year and that...

Answered: 1 week ago

Question

★★★★★

An analyst for Bloom Ltd, gathered the following information with regards to futures contract: Current spot-market price of R60 Risk-free interest rate of 8.87% per annum The six-month future...

Answered: 1 week ago

Question

★★★★★

(15 points) On Black Friday, customers arrive at a Gap store at a rate of 100 customers per hour during 6am to 12pm. The store is only able to serve 90 customers per hour. Assume that no more...

Answered: 1 week ago

Question

★★★★★

Q5. A very simple product {A} consists of a base (B) and a casting (C). The base consists of a plate (P)- and three fasteners (F). There are currently 30 castings and 100 bases on hand. Final...

Answered: 1 week ago

Question

★★★★★

Being able to influence others behavior is one of the cornerstones of effective leadership (Chapter 8). Effective leaders are able to influence followers and others to do or see things their way. In...

Answered: 1 week ago

Question

★★★★★

Select a work or sports team to which you belong/have belonged. Which team member (not the manager or coach) had the highest level of status? Identify the factors that contributed to that persons...

Answered: 1 week ago

Question

★★★★★

It has been said that success breeds cohesiveness, which in turn leads to more success. What does this mean? How is it supposed to work? Do you agree with the statement?

Answered: 1 week ago

Previous Question Next Question