Question 13 13. This question is based on the following information from the annual statement for Logan Insurance Company. The basis expense ratio is (round to the nearest hundredth). $50,000,000 Gross written premiums $10,000,000 Reinsurance premiums $10,000,000 Unearned premiums at the beginning of the year Uneamed premiums at the end of the year $15,000,000 Losses incurred $21,000,000 Loss adjustment expenses incurred $7,250,000 Underwritinpenses incurred $8,750,000 Net Investment income $4,000,000 MacBook Air