| Losses and related expenses (2) |
|
| Loss and loss adjustment expense (LAE) ratio |
76.3% |
| Incurred losses |
66.5 |
| Defense and cost containment expenses incurred |
3.9 |
| Adjusting and other expenses incurred |
6.0 |
| Operating expenses (3) |
|
| Expense ratio |
24.9% |
| Net commissions and brokerage expenses incurred |
10.8 |
| Taxes, licenses and fees |
2.3 |
| Other acquisition and field supervision expenses incurred |
5.5 |
| General expenses incurred |
6.4 |
| Dividends to policyholders (2) |
0.4% |
| Combined ratio after dividends (4) |
101.7% |