Question: An insurance company collected 3 6 million in premiums and
An insurance company collected $ 3.6 million in premiums, and disbursed $ 1.96 million in losses. Loss adjustment expenses amounted to 6.6 percent and dividends paid to policyholders totaled 1.2 percent. The total income generated from their investments was $ 170,000 after all expenses were paid. What is the net profitability in dollars?
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