Following information is extracted from ABC Insurance company:
Incurred losses=95,000,000
Loss adj expenses 8,000,000
Premium Written =107,000,000
Premiums earned= 105,000,000
No of exposure units=450,000
Investment Income=16,000,000
Commissions=12,000,000, Premium taxes 5,000,000, and General insurance expenses
=30,000,000 (Total underwriting expenses = 47,000,000)
Calculate:
1. Loss Ratio
2. Expense Ratio
3. Combined Ratio
4. Investment Income Ratio
5. Overall Operating Ratio.
6. Pure Premium and
7. Gross Rat

Answer rating: 100% (QA)

Loss Ratio Expense Ratio Combined Ratio Investment Income Ratio O... View the full answer