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Question
If losses on a particular line of fire insurance were $430 million, premiums earned were $595 million, and loss adjustment expenses were $95 million, the combined ratio would be
A. 0.88 implying that this line of insurance is profitable.
B. 0.88 implying that this line of insurance is unprofitable.
C. 1.13 implying that this line of insurance is profitable.
D. 1.13 implying that this line of insurance is unprofitable.
E. 0.22 implying that this line of insurance is profitable.
Answer
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Related questions
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