Question: Using the statement above, compute for the following given financial performance indicators. Refer to the formula box given below. 1. Loss Ratio 2. Expense Ratio

Using the statement above, compute for the following given financial performance

Using the statement above, compute for the following given financial performance indicators. Refer to the formula box given below.

1. Loss Ratio

2. Expense Ratio

3. Combined Ratio

4. Investment Income Ratio

5. Over-all Operating Ratio

6. Pure Premium

7. Gross Rate

problems below, provide the details/data required. Show your solutions in good form. (20 marks) Below is the Income and Expense Statement of Mars Insurance Company Mars Insurance Company Income and Expense Statement January 1, 2021-December 31, 2021 In computing pure premium, gross rate and rate change, assume that the number of exposures of Mars Insurance Company is 1,200,000 units and their expected loss is 40% Undenviting Expenses

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