Loss adjustment expenses-net profitability in dollars

Assignment Help Financial Management

Reference no: EM131084609

An insurance company collected $4.4 million in premiums and disbursed $2.04 million in losses. Loss adjustment expenses amounted to 7.4 percent and dividends paid to policyholders totaled 2 percent. The total income generated from their investments was $250,000 after all expenses were paid. What is the net profitability in dollars? (Enter your answer in dollars not in millions.) Net profitability $

Reference no: EM131084609

Questions Cloud

Discuss how article can enhance your professional decisions : Discuss how the article can enhance your professional and education decisions in the future. Additionally, explain how you will apply the information in the article to your everyday lifestyle.

Find the explicit factorization with proof : Define polynomials fn(x) for n ≥ 0 by f0(x) = 1, fn(0) = 0 for n ≥ 1, and d/dxfn+1(x) = (n + 1)fn(x + 1) for n ≥ 0. Find, with proof, the explicit factorization of f100(1) into powers of distinct primes

What amount income is recognized by the beneficiaries : The trustee of the Spratt Trust has the discretion to distribute the income or corpus of the trust in any proportion between the two beneficiaries of the trust, Edwin and Dolly. What amount income is recognized by the beneficiaries as the result of t..

Given the random variables x and y : Given the random variables X and Y in Problem 4.2.1, find (a) The marginal PMFs PX (x) and PY (y),

Loss adjustment expenses-net profitability in dollars : An insurance company collected $4.4 million in premiums and disbursed $2.04 million in losses. Loss adjustment expenses amounted to 7.4 percent and dividends paid to policyholders totaled 2 percent. The total income generated from their investments w..

Integrated circuit produces an acceptable circuit : Each test of an integrated circuit produces an acceptable circuit with probability p, independent of the outcome of the test of any other circuit. In testing n circuits, let K denote the number of circuits rejected and let X denote the number of a..

Discuss the hierarchy of controls : Personal protective equipment (PPE) is one method used to reduce risk associated with workplace hazards. Discuss the hierarchy of controls established OSHA for workplace control.

Calculate the amount of interest : Suppose you wish to have $16,500 in 2 years. Use the present value formula to find how much you should invest now at 8% interest, compounded semiannually in order to have $16,500, 2 years from now. Then calculate the amount of interest.

Is confidentiality an issue with employer testing : How do you think an employer could use the testing information to better select and place employees? Is confidentiality an issue with employer testing? Why or Why not?

User Account

All Pages