Losses and related expenses (2) |
|
Loss and loss adjustment expense (LAE) ratio |
78.8% |
Incurred losses |
69.0 |
Defense and cost containment expenses incurred |
1.7 |
Adjusting and other expenses incurred |
8.1 |
Operating expenses (3) |
|
Expense ratio |
28.9% |
Net commissions and brokerage expenses incurred |
12.3 |
Taxes, licenses and fees |
2.6 |
Other acquisition and field supervision expenses incurred |
8.5 |
General expenses incurred |
5.5 |
Dividends to policyholders (2) |
0.4% |
Combined ratio after dividends (4) |
108.1% |