The total income generated from their investments was


An insurance company collected $3.8 million in premiums and disbursed $1.98 million in losses. Loss adjustment expenses amounted to 6.8 percent and dividends paid to policyholders totaled 1.4 percent. The total income generated from their investments was $190,000 after all expenses were paid. What is the net profitability in dollars? (Enter your answer in dollars not in millions.)

Net profitability $

Request for Solution File

Ask an Expert for Answer!!
Financial Management: The total income generated from their investments was
Reference No:- TGS02855198

Expected delivery within 24 Hours