From the following financial values, calculate: 

1. Claims Ratio
2. Expense Ratio
3. Combined Ratio
4. Return on Revenue
5. Return on Assets

                                                                        

Particulars	Amounts ($)
Net Claim Incurred	175,000
Earned Contribution	405,000
Wakalah Fee	35,000
Commission Paid	2,200
Management Expense	22,000
Net Contribution	425,000
Gross Contribution	622,000
Total Profit for the Year	235,000
General Takaful Assets (Year 2010)	910,000
General Takaful Assets (Year 2011)	995,000

Answer rating: 100% (QA)

aClaims Ratio Net Claims incurredEarned contribution 175000405000 0432099 ... View the full answer