|care health insurance claim settlement ratio||0.23||0.2||1983||16|
What is a 'Benefit-Expense Ratio'. The insurance industry uses benefit-expense ratio to describe the proportion of money taken in by a company compared to what is paid out in claims.What is insurance company ratio?
Combined ratios are one of the tools that are employed to determine the profitability of an insurance company. Essentially, the ratio is calculated by determining the amount of incurred losses, adding in the amount of expenses incurred by the company, and dividing that combined amount by the earned premium generated during the same period.