Question: An insurance company collected 12 75 million in premiums and
An insurance company collected $ 12.75 million in premiums and disbursed $ 9.18 million in losses. Loss adjustment expenses amounted to 20.1 percent and dividends paid to policyholders totaled 5 percent. The total income generated from the company’s investments was $ 1,420,000 after all expenses were paid. What is the net profitability in dollars?
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