| Losses and related expenses (2) |
|
| Loss and loss adjustment expense (LAE) ratio |
73.4% |
| Incurred losses |
65.2 |
| Defense and cost containment expenses incurred |
1.5 |
| Adjusting and other expenses incurred |
6.6 |
| Operating expenses (3) |
|
| Expense ratio |
26.0% |
| Net commissions and brokerage expenses incurred |
11.6 |
| Taxes, licenses and fees |
2.7 |
| Other acquisition and field supervision expenses incurred |
6.5 |
| General expenses incurred |
5.1 |
| Dividends to policyholders (2) |
0.4% |
| Combined ratio after dividends (4) |
99.7% |