Question 2 Delta Insurance has a combined ratio of 0.8, this means: O The company is making a loss O For every $1 the company makes a profit of $0.8 O For every $1 the company pays $0.2 on total expenses O For every $1 the company pay $0.8 on total expenses Question 1 How can a firm decrease its combined ratio O Increase loss ratio and expense ratio Decrease investment income ratio Increase overall operating ratio Increase premiums