An insurance company collected 36 million in premiums and, Financial Management

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An insurance company collected 36 million in premiums and

An insurance company collected $3.6 million in premiums and disbursed $2.06 million in losses. Loss adjustment expenses amounted to 7.6 percent and dividends paid to policyholders totaled 1.2 percent. The total income generated from their investments was $270,000 after all expenses were paid. What is the net profitability in dollars?

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Financial Management: An insurance company collected 36 million in premiums and

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