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The Resolver system then combines ratio profiles to create ratio experiments using an error-weighted average as described in Roland Stoughton and Hongyue Dai, Statistical Combining of Cell Expression Profiles (US Patent #6,351,712, February 26 , 2002.
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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.
The RSA boss pointed to the combined ratio of 93.1% posted on Thursday by rival Aviva as the direction in which he wanted the company to travel.
RSA's combined ratio – a measure of payouts compared with premiums – came in at 96.9%, better than the 100.3% recorded for the same period last year.
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