An insurance company collected 43 million in premiums and, Ask an Expert

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An insurance company collected $4.3 million in premiums and disbursed $2.13 million in losses. Loss adjustment expenses amounted to 6.9 percent and dividends paid to policyholders totaled 1.9 percent. The total income generated from their investments was $190,000 after all expenses were paid. What is the net profitability in dollars?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93049018

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