14. This question is based on the following information from the annual statement for Logan...
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14. This question is based on the following information from the annual statement for Logan Insurance Company. The combined ratio on a trade basis is (round to the nearest hundredth) Gross written premiums $50,000,000 Reinsurance premiums $10,000,000 Unearned premiums at the beginning of the year $10,000,000 Unearned premiums at the end of the year $15,000,000 Losses incurred $21,000,000 Loss adjustment expenses incurred $7,250,000 Underwriting expenses incurred $8.750,000 Net investment income $4,000,000
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