An insurance company collected 36 million in premiums and


Question: An insurance company collected $3.6 million in premiums and disbursed $1.96 million in losses. Loss adjustment expenses amounted to 6.6 percent and dividends paid to policyholders totaled 1.2 percent. The total income generated from their investments was $170,000 after all expenses were paid. What is the net profitability in dollars?

Solution Preview :

Prepared by a verified Expert
Finance Basics: An insurance company collected 36 million in premiums and
Reference No:- TGS02428675

Now Priced at $15 (50% Discount)

Recommended (93%)

Rated (4.5/5)