Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. for the past calendar year, the casualty insurance

For the past calendar year, the casualty insurance company Pillow reported the following financial information...

80.2K

Verified Solution

Question

Finance

For the past calendar year, the casualty insurance company Pillow reported the following financial information for a specific line of insurance: Incurred losses: $120 million, Underwriting expenses: $45 million, Premiums earned: $340 million, Premium written: $4XX million, Loss adjustment expenses: $0.5 million and Net investment income: $22 million. Is this insurance company profitable? Explain your answer. Replace XX with last two digits of your roll number.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students