Exact(3)
When examining county MIRs for all races combined, ratios ranged from 0.75 to 1.0, and approximately 70% of all Georgia counties had MIR values >0.89.
If this is the case, we should expect worse combined ratios, or lower margins than previously.
Firms simply need to bring their "combined ratios" (their claims plus expenses divided by their premiums) to less than 100%.
Similar(57)
This year, the combined ratio is about three to one.
RSA's combined ratio – claims versus income from premiums – was 97% in the half year.
Excluding the trade center claims, the combined ratio would have been 95.7, a profit.
The combined ratio -- a measure of profitability -- narrowed to 95.52 from 95.92, meaning that A.I.G. paid 95.52 cents to policyholders for every dollar in premiums it took in.
The company's combined ratio, a measure of its underwriting profitability or loss, widened to 125.1 in 2001, from 116.2 in 2000.
The combined ratio – a measure of how much premium income is paid out in claims and expenses – was 89.5%, which is decent, historically speaking.
RSA's ambition is to have a combined ratio of 94% or lower in the UK and Canada, and 85% or below in Scandinavia.
Lloyd's' combined ratio, a measure of profitability showing how much of insurance premiums are paid out in claims and expenses, rose to 89.5% from 87.4% a year earlier.
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