Answered: company has a loss ratio of 1.15, an…

company has a loss ratio of 1.15, an underwriting expenses of 223.45, if the loss adjustment expenses and incurred expenses are 1,030 what is the company'

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Dixit Insurance company has a loss ratio of 1.15, an underwriting expenses of 223.45, if the loss adjustment expenses and incurred expenses are 1,030 what is the company's expense ratio?

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