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

Finance

An insurance company collected $3.7 million in premiums and disbursed $2.07 million in losses. Loss adjustment expenses amounted to 7.7 percent and dividends paid to policyholders totaled 1.3 percent.

The total income generated from their investments was $280,000 after all expenses were paid.

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

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Category:- Financial Management
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