A how is the combined ratio of a property and casualty, Finance Basics

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A how is the combined ratio of a property and casualty

a. How is the combined ratio of a property and casualty insurance company calculated, and what does the combined ratio measure?
b. How is it possible for a property and casualty insurance company to be profitable if its combined ratio exceeds one (or 100 percent)?

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Finance Basics: A how is the combined ratio of a property and casualty

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