JKL Insurance Company reported the following information on its accounting statements last year:
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Premiums Written $90,000,000
Loss Adjustment Expenses $5,000,000
Underwriting Expenses $30,000,000
Premiums Earned $100,000,000
Incurred Losses $70,000,000
Investment Income $10,000,000
1.What was JKL's loss ratio last year?
2.What was JKL's expense ratio last year?
3.What was JKL's combined ratio last year?
4.What was JKL's investment income ratio?
5.What was JKL's overall operating ratio?
Answers: 3
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JKL Insurance Company reported the following information on its accounting statements last year:
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