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Answer :
The question is asking about a specific metric used in the Property and Casualty (P&C) insurance industry known as the combined ratio after dividends. This ratio is an important indicator of the financial health of insurance companies.
What is the Combined Ratio?
The combined ratio is a measure used in the insurance industry to assess an insurance company's profitability and underwriting performance. It's calculated as the sum of the loss ratio (claims expenses relative to premiums earned) and the expense ratio (operating expenses relative to premiums earned). The combined ratio is expressed as a percentage.
A combined ratio below 100% indicates that the company is making an underwriting profit, while a ratio above 100% signifies an underwriting loss.
In 2021, the Average Combined Ratio After Dividends
For the year 2021, the average combined ratio after dividends for the P&C industry was a specific figure that reflects the industry's performance for that year.
Answer:
The correct choice from the options given is:
C) 107.2
Therefore, in 2021, the average combined ratio after dividends for the P&C industry was 107.2. This indicates that, on average, the P&C industry experienced an underwriting loss in that year.
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