JKL Insurance Company reported the following information in its financial statements last year: Show all work .
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Question:
JKL Insurance Company reported the following information in its financial statements last year:
Show all work .
Written Premiums $90,000,000
Loss Adjustment Expenses $5,000,000
Subscription Expenses $30,000,000
Premiums earned $100,000,000
Incurred Losses $70,000,000
Investment income $10,000,000
REQUIRED
1.What was the loss ratio of JKL last year?
2.What was JKL's expense ratio last year?
3.What was JKL's combined ratio last year?
4.What was JKL's investment income ratio?
5.What was JKL's overall operating ratio?
Related Book For
Understanding Financial Accounting
ISBN: 978-1118849385
1st Canadian Edition
Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald
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