An insurance company has a combined ratio of 1.68, overall operating ratio of 1.3 and an expense ratio of 0.36, based on this information what is the company's investment income ratio?

Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 6CP: The average liabilities, average stockholders' equity, and average total assets are as follows: 1....
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An insurance company has a combined ratio of 1.68, overall operating ratio of 1.3 and an expense ratio of 0.36, based on this information what is the company's investment income ratio?
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