What was jkls expense ratio last year what was jkls


JKL Insurance Company reported the following information on its accounting statements last year:

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            Premiums Written                 $90,000,000

            Loss Adjustment Expenses     $5,000,000

            Underwriting Expenses        $30,000,000

            Premiums Earned               $100,000,000

            Incurred Losses                    $70,000,000

            Investment Income              $10,000,000

1. What was JKL's loss ratio last year?

2. What was JKL's expense ratio last year?

3. What was JKL's combined ratio last year?

4. What was JKL's investment income ratio?

5. What was JKL's overall operating ratio?

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Financial Management: What was jkls expense ratio last year what was jkls
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