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Home Q & A Board Other Fields Homework Help Business Insurance
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JamesLu JamesLu
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7 years ago
JKL Insurance Company reported the following information on its accounting statements last year:
   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
What was JKL's loss ratio last year?
A) 70.0 percent
B) 75.0 percent
C) 83.3 percent
D) 90.0 percent
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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Toni_AnnetteToni_Annette
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JamesLu Author
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#2
7 years ago
Honestly you're the best
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