loss ratio

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loss ratio,

n the relationship between the money paid out in benefits and the amount collected in premiums.
References in periodicals archive ?
5 in chart 1, the actual loss ratios are compared with the forecasts of loss ratios for the five lines of insurance in the experiment.
It must also report annually to DFS on its actual loss ratio, earned premiums, itemized expenses, losses, and reserves.
At the end of each period, the Insurance Services Office (an independent actuarial organization) calculates the actual loss ratios, and property and casualty underwriters then incur gains or losses as they sell catastrophe futures contracts previously purchased.
Overall, the difference between the actual loss ratio in 2002 and the normalized loss ratio which we had been expecting increased annual earnings per share by about $0.