suppose Company A has collected $10,000 in insurance premiums, paid out $7,500 in claims and spent $3,000 towards operating expenses. Further firm Company B has incurred underwriting expenses worth $7,000, paid out $1000 suppose Insurance in claims and lost $1500 as loss adjustment expenses. If Company B earns $10,000 in premiums during the same period, what will be the combined ratio? Which company is making underwriting losses?

suppose Company A has collected $10,000 in insurance premiums, paid out $7,500 in claims and spent $3,000 towards operating expenses. Further suppose Insurance firm Company B has incurred underwriting expenses worth $7,000, paid out $1000 in claims and lost $1500 as loss adjustment expenses. If Company B earns $10,000 in premiums during the same period, what will be the combined ratio? Which company is making underwriting losses