The following are an insurance company's annual data $($in thousands of dollars and ignore taxes$)$:

Premiums earned $$15,000$

Losses incurred $$12,500$

Expenses$/$commissions $$4,000$

Dividends paid to policyholders $$300$

Investment income on premiums $$1,100$

What is the operating ratio for this insurance company?

$76\mathrm{.}66\%$

$119\mathrm{.}33\%$

$104\mathrm{.}67\%$

$-112\mathrm{.}00\%$

$112\mathrm{.}00\%$