Exam DISC-RM Practice Question 43
Study guide: Exam DISC-RM
An insurer has earned premium of $800 million, incurred losses and loss adjustment expenses of $560 million, underwriting expenses of $248 million and investment income of $72 million. Using earned premium for every ratio, what is its operating ratio?
- A) 70%
- B) 92%
- C) 101%
- D) 110%
Answer this question and see the worked solution