Question 1 6 pts The following information has been extracted from the income statement and balance sheet for the Wise Owl Insurance Company: Earned Premium $8,000,000 Incurred Losses & LAE $6,000,000 500,000 Written Premium Net Investment Income 10,000,000 3,000,000 Underwriting Expense Surplus 7,000,000 Calculate the following ratios for the Wise Owl Insurance Company on a trade basis. Be sure to provide the answers in order, clearly label your answers a, b, c, d, e, or f, and show all calculations. a. Loss Ratio b. Expense Ratio c. Combined Ratio d. Investment Income Ratio e. Overall Operationg Ratio f. Capacity Ratio Edit View Insert Format Tools Table 12pt Paragraph Tv : Question 2 4 pts What general conclusions could you make regarding Wise Owl's performance in the areas below based on the ratios calculated in the first question? Identify the ratio(s) above that led you to each conclusion in each of the areas below. Be sure to provide the answers in order, and clearly label your answers a, b, c, or d. a. Wise Owl's underwriting results b. Wise Owl's efficiency of operations c. Wise Owl's profitability d. Wise Owl's financial strength Edit View Insert Format Tools Table 12pt Paragraph Av Tv : Question 1 6 pts The following information has been extracted from the income statement and balance sheet for the Wise Owl Insurance Company: Earned Premium $8,000,000 Incurred Losses & LAE $6,000,000 500,000 Written Premium Net Investment Income 10,000,000 3,000,000 Underwriting Expense Surplus 7,000,000 Calculate the following ratios for the Wise Owl Insurance Company on a trade basis. Be sure to provide the answers in order, clearly label your answers a, b, c, d, e, or f, and show all calculations. a. Loss Ratio b. Expense Ratio c. Combined Ratio d. Investment Income Ratio e. Overall Operationg Ratio f. Capacity Ratio Edit View Insert Format Tools Table 12pt Paragraph Tv : Question 2 4 pts What general conclusions could you make regarding Wise Owl's performance in the areas below based on the ratios calculated in the first question? Identify the ratio(s) above that led you to each conclusion in each of the areas below. Be sure to provide the answers in order, and clearly label your answers a, b, c, or d. a. Wise Owl's underwriting results b. Wise Owl's efficiency of operations c. Wise Owl's profitability d. Wise Owl's financial strength Edit View Insert Format Tools Table 12pt Paragraph Av Tv