Definition Combined Ratio the sum of two ratios one calculated by dividing incurred losses plus loss adjustment expense LAE by earned premiums the calendar year loss ratio and the other calculated by dividing all other expenses by either written or earned premiums ie trade basis or statutory basis expense ratio.

Personal auto insurance combined ratio. Minutes To Get A Quote - Just Have Your Details Handy. 51 could save up to 241 with us. Ad 10 Of Customers Paid Less Than 265 Between Jan and Jun 2021.

Pay A Low Fixed Annual Cost Then Just Pay For The Miles You Drive Each Month. Ad Come Direct To Direct Line For A Car Insurance Quote You Cant Get Anywhere Else. Its growth rate however was fairly negligible as direct written premiums were up only 03 year over year.

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Ad Whether Rain Or Shine Well Have You Covered. The combined ratio also called the combined ratio after policyholder dividends ratio is a measure of profitability used by an insurance company to gauge how well it is performing in its daily. Shifting market fundamentals reduce the likelihood of sustaining this result long term.

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The industry statutory personal lines combined ratio rose to 1038 in 2017 despite moderate improvement in the personal auto segment. Recommended By 938 Of Users. Put simply a combined ratio is a measure of an insurance companys profitability expressed in terms of the ratio of total costs divided by total revenuewhich for insurance companies translates to incurred losses plus expenses divided by earned premiums.