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JamesLu JamesLu
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6 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 expense ratio last year?
A) 5.0 percent
B) 30.0 percent
C) 33.3 percent
D) 50.0 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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6 years ago
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JamesLu Author
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6 years ago
You make an excellent tutor!
halyna
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Thanks
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Brilliant ツ
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