23. Calculate the loss and loss adj. expense ratio. 24. Calculate the underwriting expense ratio. 25....

  

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23. Calculate the loss and loss adj. expense ratio. 24. Calculate the underwriting expense ratio. 25. Calculate the combined ratio and explain which company is more efficient. #23-25 Description Loss & loss adj expense Underwriting expense Dividend to policyholders Net written premiums New earned premiums Company X $m 2,700 1,200 150 4,500 4,400 Company Y Sm 1,500 1,300 120 3,000 3,200 Company Z $m 2,900 1,250 70 3,500 3,450 23. Calculate the loss and loss adj. expense ratio. 24. Calculate the underwriting expense ratio. 25. Calculate the combined ratio and explain which company is more efficient. #23-25 Description Loss & loss adj expense Underwriting expense Dividend to policyholders Net written premiums New earned premiums Company X $m 2,700 1,200 150 4,500 4,400 Company Y Sm 1,500 1,300 120 3,000 3,200 Company Z $m 2,900 1,250 70 3,500 3,450

Answer rating: 100% (QA)

Steps Step 1 of 2 To calculate the ratios we need to use the following formulas Explanation Loss and ... View the full answer