Let's say in a given time period our expenses and premiums are as follows:Written premium :$12.2 millionEarned Premium :$11.9 millionNet Service Charges:$11,500Loss Ratio:63%8.4%Loss Adjustment Ratio:General Expense Ratio :17.94 %I.What is the combined underwriting ratioA) $2.2 millionB) $2 millionC) $2.5 millionD) $1.5 mnillionఫోలాలూలూ్etsthoto omdemstime

The question is related to insurance. The details of premium earned and expenses loss ratio is…

Let's say in a given time period our expenses and premiums are as follows: Written premium : $12.2 million Earned Premium : $11.9 million Net Service Charges: $11,500 Loss Ratio : 63% Loss Adjustment Ratio: 8.4% General Expense Ratio: 17.94 % What is the combined underwriting ratio A) $2.2 million B) $2 million $2.5 million C) D) $1.5 million

Let's say in a given time period our expenses and premiums are as follows: Written premium : $12.2 million Earned Premium : $11.9 million Net Service Charges: $11,500 Loss Ratio : 63% Loss Adjustment Ratio: 8.4% General Expense Ratio: 17.94 % What is the combined underwriting ratio A) $2.2 million B) $2 million $2.5 million C) D) $1.5 million

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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Question

100%

Let's say in a given time period our expenses and premiums are as follows:
Written premium :
$12.2 million
Earned Premium :
$11.9 million
Net Service Charges:
$11,500
Loss Ratio:
63%
8.4%
Loss Adjustment Ratio:
General Expense Ratio :
17.94 %
I.
What is the combined underwriting ratio
A) $2.2 million
B) $2 million
C) $2.5 million
D) $1.5 mnillion
ఫోలాలూలూ్
etsthoto om
demstime

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