An insurance company collected 37 million in premiums and, Ask an Expert

Finance

An insurance company collected $3.7 million in premiums and disbursed $1.97 million in losses. Loss adjustment expenses amounted to 6.7 percent and dividends paid to policyholders totaled 1.3 percent.

The total income generated from their investments was $180,000 after all expenses were paid.

What is the net profitability in dollars? (Enter your answer in dollars not in millions.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92765528

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