Question 21.4.1. For its most recent fiscal year, Acehouse Property-Casualty (APC) reports revenue of $300.0 million. Losses due to payouts (aka, loss and loss adjustment expense) were $213.0 million. Expenses (aka, underwriting expenses) were $69.0 million. Dividends paid were $6.0 million. Investment income was $9.0 million. What was the Operating ratio; aka, Combined ratio after dividends (CRAD) adjusted for Investment Income?