| Losses and related expenses (2) |
|
| Loss and loss adjustment expense (LAE) ratio |
70.9% |
| Incurred losses |
61.5 |
| Defense and cost containment expenses incurred |
3.8 |
| Adjusting and other expenses incurred |
5.5 |
| Operating expenses (3) |
|
| Expense ratio |
25.3% |
| Net commissions and brokerage expenses incurred |
10.7 |
| Taxes, licenses and fees |
2.3 |
| Other acquisition and field supervision expenses incurred |
5.9 |
| General expenses incurred |
6.4 |
| Dividends to policyholders (2) |
0.5% |
| Combined ratio after dividends (4) |
96.6% |