Given the following financial data, calculate the insurer's premium-to-surplus ratio. Written premium Cash and invested assets Earned premium Unearned premium reserve Net income Loss and loss expense incurred Underwriting expense incurred Investment Income ilable $5,000,000 $4,500,000 $100,000 $4,700,000 $1,500,000 $2,000,000 Reinsurance recoverables Losses and loss adjustment expense payable Provision for Reinsurance Surplus $6,000,000 $3,000,000 $500,000 $1,000,000 $2,000,000 $6,000,000

Given the following financial data, calculate the insurer's premium-to-surplus ratio. Written premium Cash and invested assets Earned premium Unearned premium reserve Net income Loss and loss expense incurred Underwriting expense incurred Investment Income ilable $5,000,000 $4,500,000 $100,000 $4,700,000 $1,500,000 $2,000,000 Reinsurance recoverables Losses and loss adjustment expense payable Provision for Reinsurance Surplus $6,000,000 $3,000,000 $500,000 $1,000,000 $2,000,000 $6,000,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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