An insurance company collected 41 million in premiums and, Ask an Expert

Finance

An insurance company collected $4.1 million in premiums and disbursed $2.01 million in losses.

Loss adjustment expenses amounted to 7.1 percent and dividends paid to policyholders totaled 1.7 percent.

The total income generated from their investments was $220,000 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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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92766701

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