An insurance company collected $3.6 million in premiums and disbursed $1.96 million in losses. Loss adjustment expenses

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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 the company’s investments was $170,000 after all expenses were paid. What is the net profitability in dollars?
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Financial Institutions Management A Risk Management Approach

ISBN: 978-0071051590

8th edition

Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders

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