Get insightful responses to your questions quickly and easily on IDNLearn.com. Our community provides timely and precise responses to help you understand and solve any issue you face.
Framers Insurance Company's financial statements for last year provide the following information:
Earned premiums: $2,500,000 Written premiums: $2,400,000 Incurred underwriting expenses: $480,000 Incurred losses (including loss expenses): $2,000,000 Which one of the following was Framers' expense ratio last year?
A) 16% (0.16) B) 20% (0.20) C) 30% (0.30) D) 33% (0.33)
Sagot :
We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. Thank you for visiting IDNLearn.com. We’re here to provide clear and concise answers, so visit us again soon.
