Locate a property and casualty firm's most recent annual report (many are online). What is the firm's loss ratio? What is the combined ratio? What do these ratios imply about the firm's profitability?...

Locate a property and casualty firm's most recent annual report (many are online).
 What is the firm's loss ratio?
 What is the combined ratio?
 What do these ratios imply about the firm's profitability?
Present your answers as a 1-page report in a Word document formatted in APA style
Solution:
We have selected “Infinity Property and Casualty Corporation”. The most recent annual report
that was available for this company was for 2011. Following are the calculations made based on
the data found in the annual report –
Total Premium Earned = $1,019,060
Total Claims Paid = $459798 + $288379 = $748,177
Loss Ratio =...