For the past calendar year, the casualty insurance company Pillow reported the following financial information...
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Finance
For the past calendar year, the casualty insurance company Pillow reported the following financial information for a specific line of insurance: Incurred losses: $120 million, Underwriting expenses: $45 million, Premiums earned: $340 million, Premium written: $4XX million, Loss adjustment expenses: $0.5 million and Net investment income: $22 million. Is this insurance company profitable? Explain your answer. Replace XX with last two digits of your roll number.
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