Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
7 Cards in this Set
- Front
- Back
|
UW Gains or Losses |
Earn Premiums - Losses + Expenses
Measures: UW Performance |
|
|
Loss Ratio |
Incurred Losses / Earned Premiums |
|
|
Expense Ratio |
UW Expenses / Written Premiums |
|
|
Combined Ratio (Trade Basis) |
Loss Ratio + Expense Ratio |
|
|
Investment Income Ratio |
Net Investment Income / Earned Premiums |
|
|
Overall Operating Ratio |
Combined Ratio - Investment Income Ratio |
|
|
Return on Equity Ratio (aka Policyholder Surplus) |
(GAAP Basis) = Net Income / Average Owners' Equity (SAP Basis) = Net Income / Average Policyholders Surplus |
