ABC Insurance Company’s investment income ratio last year was 4.2 perc
ABC Insurance Company’s investment income ratio last year was 4.2 percent. The company’s combined ratio last year was 102.6 percent. What was ABC’s overall operating ratio?
A) 96.8 percent
B) 98.4 percent
C) 103.2 percent
D) 106.8 percent
ANSWER
Answer: B
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