Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Takaful company has the following information: Earned contributions SR 500 Net claim incurred SR 100 Total expenses SR 200 Net income SR 100 Gross contributions
Takaful company has the following information:
- Earned contributions SR 500
- Net claim incurred SR 100
- Total expenses SR 200
- Net income SR 100
- Gross contributions SR 600
- Net investment income SR 70
- Average investment accounts SR 300
- Short-term liabilities SR
- Short term investment SR 200
- Claims payable SR 100.
What is combined ratio?
| a. | 40% | |
| b. | 30% | |
| c. | 35% | |
| d. | 56.3% |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Intermediate Accounting Volume 1
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
8th Edition
1260881237, 9781260881233
