Chartered Financial Analyst Level 2
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An analyst gathers the following information (in $ millions) of an insurer and evaluates the overall efficiency of its operation:
-
Loss expense and loss adjustment expense: 12,000
-
Net premiums earned: 15,000
-
Underwriting expense: 4,000
-
Net premiums written: 10,000
The insurer's combined ratio is:
An analyst gathers the following information (in $ millions) of an insurer and evaluates the overall efficiency of its operation:
-
Loss expense and loss adjustment expense: 12,000
-
Net premiums earned: 15,000
-
Underwriting expense: 4,000
-
Net premiums written: 10,000
The insurer's combined ratio is:
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A
64%
B
80%
C
120%
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