- CFA Exams
- CFA Level I Exam
- Topic 3. Financial Statement Analysis
- Learning Module 13. Analysis of Financial Institutions
- Subject 4. Analyzing an Insurance Company
CFA Practice Question
The ______ ratio is an indicator of the efficiency of a company's operations in acquiring and managing underwriting business.
B. underwriting loss
C. combined
A. underwriting expense
B. underwriting loss
C. combined
Correct Answer: A
It is an indicator of the efficiency of money spent on obtaining new premiums.
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