Loss Ratio means the ratio (expressed as a percentage) of the total amount of losses on claims associated with insurance policies incurred during a specified period to premiums earned during such period. The loss ratio is a key measure of underwriting profitability and the quality of the insurance portfolio and is used for comparisons to industry benchmarks and internal targets.
Loss Ratio means the ratio calculated by dividing the ultimate net loss by the net book premium, expressed as a percentage. For example, if $1 ultimate net loss is paid and 50 cents net book premium is received, this would be expressed as a 200 percent loss ratio.
Loss Ratio means, for any Distribution Date, the fraction (expressed as a percentage) derived by dividing (x) Net Liquidation Losses for all Contracts that became Liquidated Contracts during the immediately preceding Due Period multiplied by twelve by (y) the outstanding Principal Balances of all Contracts as of the beginning of the Due Period.
Examples of Loss Ratio in a sentence
Effective January 1, 2025, the Contractor must impose reporting requirements on any Subcontractor adjudicating claims equivalent to the requirements specified in Exhibit B, Instructions for Medical Loss Ratio (MLR) Reporting, of this Contract as applicable to the Subcontractor.
System-wide Metrics 2015-16 Actuals • Net Income / (Loss) Ratio 2.24% • Net Operating Revenues Ratio 4.07% • Primary Reserve Ratio 105 days • Interest Burden Ratio 2.41% • Viability Ratio 0.73 Pension plan funded position Similar to Canadian public sector institutions, the University has a defined contribution plan with a defined benefit component that provides a minimum level of pension benefits.
More Definitions of Loss Ratio
Loss Ratio means incurred claims divided by the sum of earned premiums and imputed interest earned on unearned premiums.
Loss Ratio means the ratio between the amount of premium received and the amount of claims paid by the insurer under the group insurance contract or policy. [PL 1995, c. 71, §2 (NEW).]
Loss Ratio means the ratio of indemnity to premium.
Loss Ratio means the ratio (expressed as a percentage) of the total amount of losses on claims associated with insurance policies incurred during a specified period to net premiums earned during such period.
Loss Ratio for any period means the sum of claims and claims adjustment expenses incurred, net of reinsurance, expressed as a percentage of net earned premiums.