Losses and related expenses (2) |
|
Loss and loss adjustment expense (LAE) ratio |
71.3% |
Incurred losses |
60.6 |
Defense and cost containment expenses incurred |
4.1 |
Adjusting and other expenses incurred |
6.6 |
Underwriting expenses (3) |
|
Expense ratio |
27.1% |
Net commissions and brokerage expenses incurred |
11.5 |
Taxes, licenses and fees |
2.4 |
Other acquisition and field supervision expenses incurred |
6.7 |
General expenses incurred |
6.5 |
Dividends to policyholders (2) |
0.6% |
Combined ratio after dividends (4) |
99.0% |