Takaful company has the following information: Earned contributions SR 500 Net claim incurred SR 100 Total expenses
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Question:
Takaful company has the following information:
- Earned contributions SR 500
- Net claim incurred SR 100
- Total expenses SR 200
- Net income SR 100
- Gross contributions SR 600
- Net investment income SR 70
- Average investment accounts SR 300
- Short-term liabilities SR
- Short term investment SR 200
- Claims payable SR 100.
What is combined ratio?
| a. | 40% | |
| b. | 30% | |
| c. | 35% | |
| d. | 56.3% |
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