QUESTION 19 LTM Insurance Company reported the following information on its accounting statements last year: 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 $20,000,000 Allowance for contingencies $4,000,000 Number of exposed units 400,000 What was LTM's expense ratio last year? What was the combined ratio? What was the Loss ratio? Determine whether this company is making a loss or a profit (show your calculation)