Question: 2 For this problem, assume earned premium is the same as the written premium. Here is a part of financials for State Auto Financial dollars
| 2 | For this problem, assume earned premium is the same as the written premium. Here is a part of financials for State Auto Financial | |||||||||
| dollars in millions | ||||||||||
| 2018 | 2017 | 2016 | 2015 | 2014 | ||||||
| Earned Premiums | 1,238.00 | 1,276.10 | 1,291.10 | 1,275.90 | 1,068.70 | |||||
| Loss Ratio | 64.30% | 72% | 73% | 67.80% | 72% | |||||
| Expense Ratio | 36.30% | 35.10% | 33.50% | 33.80% | 34.50% | |||||
| Dividend Ratio | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |||||
| Combined Ratio | ||||||||||
| Loss and Loss Adjustment Expenses | ||||||||||
| Underwriting Expenses | ||||||||||
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