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Can you explain the statement that "net expenses are lower?"
It refers to the net fixed expense ratio. With the fixed expenses constant ($2M in the text example), higher net earned premium implies lower net fixed expense ratio.
Why is net premium being higher a negative?
Sorry, that should have been listed as a positive. Thanks.
Comments
It refers to the net fixed expense ratio. With the fixed expenses constant ($2M in the text example), higher net earned premium implies lower net fixed expense ratio.
Why is net premium being higher a negative?
Sorry, that should have been listed as a positive. Thanks.