In its annual report, Acehouse Property-...

题目

In its annual report, Acehouse Property-Casualty presents a summary of selected key ratios (but where we've hidden four of the values):「huixue_img/importSubject/1564169526520713216.png」Each of the following statements it true EXCEPT which is false?

选项

A.The Expense Ratio of 30.0% includes loss adjustment expenses

B.The Expense Ratio of 30.0% includes marketing expenses and commissions paid to brokers

C.Because its combined ratio is greater than 100.0%, Acehouse is NOT a profitable business

D.For each $1.00 in premiums received, Acehouse pays out (and/or reserves for payouts) about $0.75 in claims to its customers

答案

C

解析

Because this ignores the insurance company's float (its investment income).C不对，因为忽视了投资收益，Operating ratio才能反映是否盈利。