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Current Ratio =
Here current ratio is 2.33 that is greater than 2. That means too much current assets which will go down profitiblity but liquidity will increase.
Current Ratio =
Here current ratio is 2.20 at is greater than 2. That means too much current assets which will go down profitiblity but liquidity will increase.
Current Ratio =
Here current ratio is 1.2 that is less than 2. That indicates liquidity problem.
Current Ratio =
Here current ratio is 1.1that is less than 2. That indicates liquidity problem.
Current Ratio =
Here current ratio is 1.45 that is less than 2. That indicates liquidity problem.
Underwriting ratio 2. Loss Ratio Loss ratios vary depending on the type of insurance. For example, for health insurance the loss ratio tends to be higher than for property and casualty such as car insurance. This is an indicator of how well an insurance company is doing. This ratio reflects if companies are collecting premiums higher than the amount paid in claims or if it is not collecting enough premiums to cover claims. Companies that have high loss claims may be experiencing financial trouble.
Loss ratio =
2010 2. Loss Ratio Loss ratios vary depending on the type of insurance. For example, for health insurance the loss ratio tends to be higher than for property and casualty such as car insurance. This is an indicator of how well an insurance company is doing. This ratio reflects if companies are collecting premiums higher than the amount paid in claims or if it is not collecting enough premiums to cover claims. Companies that have high loss claims may be experiencing financial trouble.
Loss ratio =
2009
2. Loss Ratio Loss ratios vary depending on the type of insurance. For example, for health insurance the loss ratio tends to be higher than for property and casualty such as car insurance. This is an indicator of how well an insurance company is doing. This ratio reflects if companies are collecting premiums higher than the amount paid in claims or if it is not collecting enough premiums to cover claims. Companies that have high loss claims may be experiencing financial trouble.
Loss ratio =
2. Loss Ratio
2008
Loss ratios vary depending on the type of insurance. For example, for health insurance the loss ratio tends to be higher than for property and casualty such as car insurance. This is an indicator of how well an insurance company is doing. This ratio reflects if companies are collecting premiums higher than the amount paid in claims or if it is not collecting enough premiums to cover claims. Companies that have high loss claims may be experiencing financial trouble.
Loss ratio =
2. Loss Ratio
2007
Loss ratios vary depending on the type of insurance. For example, for health insurance the loss ratio tends to be higher than for property and casualty such as car insurance. This is an indicator of how well an insurance company is doing. This ratio reflects if companies are collecting premiums higher than the amount paid in claims or if it is not collecting enough premiums to cover claims. Companies that have high loss claims may be experiencing financial trouble.
Loss ratio =
3. Expense Ratio USBR calculates the expense ratio of an insurance company by dividing underwriting expenses by net premiums earned. Underwriting expenses are the costs of obtaining new policies from insurance carriers. The lower the expense ratio the better because it means more profits to the insurance company.
Expense Ratio = Underwriting Expenses Net Premiums 21465489 = 104201278 = 0.2 : 1
3. Expense Ratio
2010
USBR calculates the expense ratio of an insurance company by dividing underwriting expenses by net premiums earned. Underwriting expenses are the costs of obtaining new policies from insurance carriers. The lower the expense ratio the better because it means more profits to the insurance company.
Expense Ratio = Underwriting Expenses Net Premiums 21932745 = 99478531 = 0.22 : 1
3. Expense Ratio
2009
USBR calculates the expense ratio of an insurance company by dividing underwriting expenses by net premiums earned. Underwriting expenses are the costs of obtaining new policies from insurance carriers. The lower the expense ratio the better because it means more profits to the insurance company.
Expense Ratio = Underwriting Expenses Net Premiums 19045770 = 85256177 = 0.22 : 1
3. Expense Ratio
2008
USBR calculates the expense ratio of an insurance company by dividing underwriting expenses by net premiums earned. Underwriting expenses are the costs of obtaining new policies from insurance carriers. The lower the expense ratio the better because it means more profits to the insurance company.
Expense Ratio =
3. Expense Ratio
2007
USBR calculates the expense ratio of an insurance company by dividing underwriting expenses by net premiums earned. Underwriting expenses are the costs of obtaining new policies from insurance carriers. The lower the expense ratio the better because it means more profits to the insurance company.
Expense Ratio = Underwriting Expenses Net Premiums 24824142 = 78918317 = 0.31 : 1
4. Combined Ratio This figure just measures claims losses and operating expenses against premiums earned. The lower the figure the better. The combined ratio is the total of estimated claims expenses for a period plus overhead expressed as a percentage of earned premiums. A ratio below 100 percent represents a measure of profitability and the efficiency of an insurance firms underwriting efficiency. Ratios above 100 percnet denote a failure to earn sufficient premiums to cover expected claims. High ratios can usually occur either because of underpricing and/or because of unexpected high claims. Combined Ratio =(Loss Ratio + Expense Ratio) =(0.76 +0.2) =0.96
4. Combined Ratio
2010
This figure just measures claims losses and operating expenses against premiums earned. The lower the figure the better. The combined ratio is the total of estimated claims expenses for a period plus overhead expressed as a percentage of earned premiums. A ratio below 100 percent represents a measure of profitability and the efficiency of an insurance firms underwriting efficiency. Ratios above 100 percnet denote a failure to earn sufficient premiums to cover expected claims. High ratios can usually occur either because of underpricing and/or because of unexpected high claims. Combined Ratio =(Loss Ratio + Expense Ratio) =( 0.52+0.22) =0.74 4. Combined Ratio 2009
This figure just measures claims losses and operating expenses against premiums earned. The lower the figure the better. The combined ratio is the total of estimated claims expenses for a period plus overhead expressed as a percentage of earned premiums. A ratio below 100 percent represents a measure of profitability and the efficiency of an insurance firms underwriting efficiency. Ratios above 100 percnet denote a failure to earn sufficient premiums to cover expected claims. High ratios can usually occur either because of underpricing and/or because of unexpected high claims. Combined Ratio =(Loss Ratio + Expense Ratio) =(0.36 +0.22) =0.58 4. Combined Ratio 2008
This figure just measures claims losses and operating expenses against premiums earned. The lower the figure the better. The combined ratio is the total of estimated claims expenses for a period plus overhead expressed as a percentage of earned premiums. A ratio below 100 percent represents a measure of profitability and the efficiency of an insurance firms underwriting efficiency. Ratios above 100 percnet denote a failure to earn sufficient premiums to cover expected claims. High ratios can usually occur either because of underpricing and/or because of unexpected high claims. Combined Ratio =(Loss Ratio + Expense Ratio) =(0.24 +0.24) =0.48
4. Combined Ratio
2007
This figure just measures claims losses and operating expenses against premiums earned. The lower the figure the better. The combined ratio is the total of estimated claims expenses for a period plus overhead expressed as a percentage of earned premiums. A ratio below 100 percent represents a measure of profitability and the efficiency of an insurance firms underwriting efficiency. Ratios above 100 percnet denote a failure to earn sufficient premiums to cover expected claims. High ratios can usually occur either because of underpricing and/or because of unexpected high claims. Combined Ratio =(Loss Ratio + Expense Ratio) =(0.48 +0.31) =0.79
5. Capacity Ratio This ratio measures the level of capital surplus necessary to write premiums. An insurance company must have an asset heavy balance sheet to pay out claims. Industry statuary surplus is the amount by which assets exceed liabilities. For instance: a ratio 0.95 -to 1 means that insurers are writing less than $1.00 worth of premium for every $1.00 of surplus. A ratio of 1.02-to-1 means insures are writing about $1.02 for every $1.00 in premiums.
Capacity Ratio =
5. Capacity Ratio 10 This ratio measures the level of capital surplus necessary to write premiums. An insurance company must have an asset heavy balance sheet to pay out claims. Industry statuary surplus is the amount by which assets exceed liabilities. For instance: a ratio 0.95 -to 1 means that insurers are writing less than $1.00 worth of
premium for every $1.00 of surplus. A ratio of 1.02-to-1 means insures are writing about $1.02 for every $1.00 in premiums.
Capacity Ratio =
5. Capacity Ratio This ratio measures the level of capital surplus necessary to write premiums. An insurance company must have an asset heavy balance sheet to pay out claims. Industry statuary surplus is the amount by which assets exceed liabilities. For instance: a ratio 0.95 -to 1 means that insurers are writing less than $1.00 worth of premium for every $1.00 of surplus. A ratio of 1.02-to-1 means insures are writing about $1.02 for every $1.00 in premiums.
Capacity Ratio =
5. Capacity Ratio This ratio measures the level of capital surplus necessary to write premiums. An insurance company must have an asset heavy balance sheet to pay out claims. Industry statuary surplus is the amount by which assets exceed liabilities. For instance: a ratio 0.95 -to 1 means that insurers are writing less than $1.00 worth of premium for every $1.00 of surplus. A ratio of 1.02-to-1 means insures are writing about $1.02 for every $1.00 in premiums.
Capacity Ratio =
5. Capacity Ratio
This ratio measures the level of capital surplus necessary to write premiums. An insurance company must have an asset heavy balance sheet to pay out claims. Industry statuary surplus is the amount by which assets exceed liabilities. For instance: a ratio 0.95 -to 1 means that insurers are writing less than $1.00 worth of premium for every $1.00 of surplus. A ratio of 1.02-to-1 means insures are writing about $1.02 for every $1.00 in premiums.
Capacity Ratio =
Profitability ratio
Since a major goal of the company is to attain a high level of profitability, we would like to see a high value for these ratios. We can relate the companys profits to almost any item on the balance sheet or income statement (e.g., net income to total assets, net income to common equity, net income to sales, etc.) 6. Revenue ratio (Net Operating Income / Total Revenues) This figure determines the profitability of an insurance company. It is the profits after all expenses and taxes are paid by the insurance company.
Revenue ratio = Net Operating Income Total Revenue 47310959 = 70999197 = 0.67 : 1
2010
This figure determines the profitability of an insurance company. It is the profits after all expenses and taxes are paid by the insurance company.
Revenue ratio =
2009
This figure determines the profitability of an insurance company. It is the profits after all expenses and taxes are paid by the insurance company.
Revenue ratio = Net Operating Income Total Revenue 21301236 = 27253297 = 0.78 : 1
6. Revenue ratio (Net Operating Income / Total Revenues)2008 This figure determines the profitability of an insurance company. It is the profits after all expenses and taxes are paid by the insurance company.
Revenue ratio = Net Operating Income Total Revenue 16774849 = 24524274 = 0.68 : 1
07
This figure determines the profitability of an insurance company. It is the profits after all expenses and taxes are paid by the insurance company.
Revenue ratio = Net Operating Income Total Revenue 13729812 = 22717554 = 0.60 : 1
7.
Return on Assets USBR calculates the return on assets by dividing net operating income by Mean average assets. This figure shows the profitability on existing investment securities and premiums. The higher the return on assets the better the company is enhancing its returns on existing liquid assets.
Net Operating Income
Total Assets
Return on Assets =
7.
Return on Assets 10 USBR calculates the return on assets by dividing net operating income by Mean average assets. This figure shows the profitability on existing investment securities and premiums. The higher the return on assets the better the company is enhancing its returns on existing liquid assets.
Net Operating Income
Total Assets
Return on Assets =
7.
Return on Assets 09 USBR calculates the return on assets by dividing net operating income by Mean average assets. This figure shows the profitability on existing investment securities and premiums. The higher the return on assets the better the company is enhancing its returns on existing liquid assets.
Net Operating Income
Total Assets
Return on Assets =
7.
Return on Assets 08 USBR calculates the return on assets by dividing net operating income by Mean average assets. This figure shows the profitability on existing investment
securities and premiums. The higher the return on assets the better the company is enhancing its returns on existing liquid assets.
Net Operating Income
Total Assets
Return on Assets =
7.
Return on Assets 07 USBR calculates the return on assets by dividing net operating income by Mean average assets. This figure shows the profitability on existing investment securities and premiums. The higher the return on assets the better the company is enhancing its returns on existing liquid assets.
Net Operating Income
Total Assets
Return on Assets =
8. Return on Equity Return on Equity ( Net Operating Income (less preferred stock Dividends / Average Common Equity ) This figure shows the net profits that are returned to shareholders. The higher the return on equity, the more profitable the company has become and the possibility of enhanced dividends to shareholders.
Return on Equity
8. Return on Equity 10 Return on Equity ( Net Operating Income (less preferred stock Dividends / Average Common Equity ) This figure shows the net profits that are returned to shareholders. The higher the return on equity, the more profitable the company has become and the possibility of enhanced dividends to shareholders.
Return on Equity
8. Return on Equity 09 Return on Equity ( Net Operating Income (less preferred stock Dividends / Average Common Equity ) This figure shows the net profits that are returned to shareholders. The higher the return on equity, the more profitable the company has become and the possibility of enhanced dividends to shareholders.
Return on Equity
8. Return on Equity 08 Return on Equity ( Net Operating Income (less preferred stock Dividends / Average Common Equity ) This figure shows the net profits that are returned to shareholders. The higher the return on equity, the more profitable the company has become and the possibility of enhanced dividends to shareholders.
Return on Equity
8. Return on Equity 07 Return on Equity ( Net Operating Income (less preferred stock Dividends / Average Common Equity ) This figure shows the net profits that are returned to shareholders. The higher the return on equity, the more profitable the company has become and the possibility of enhanced dividends to shareholders.
Return on Equity
9. Investment Yield
This is the return received on an insurance company's assets. The investment yield is obtained by dividing the average investment assets into the net investment income before income taxes.
Investment Yield = Investment Net Investment Income 26671355 = 4918388 = 5.42 : 1
9.Investment Yield 10 This is the return received on an insurance company's assets. The investment yield is obtained by dividing the average investment assets into the net investment income before income taxes.
Investment Yield = Investment Net Investment Income 35437054 = 42834162 = 0.83 : 1
9.Investment Yield 09 This is the return received on an insurance company's assets. The investment yield is obtained by dividing the average investment assets into the net investment income before income taxes.
Investment Yield =
9.Investment Yield 08 This is the return received on an insurance company's assets. The investment yield is obtained by dividing the average investment assets into the net investment income before income taxes.
Investment Yield =
9.Investment Yield 07 This is the return received on an insurance company's assets. The investment yield is obtained by dividing the average investment assets into the net investment income before income taxes.
Investment Yield = Investment Net Investment Income 9000000 = 10772814 = 0.83 : 1
Leverage ratio 10.Debt Ratio -- Indicates the percentage of the total assets that have been financed by debt.On the balance sheet, total assets must equal total liabilities and capital. In other words, total assets are equal to the amount of the companys debt plus the amount of equity. Looked at another way, the company is financed with a combination of debt and equity. So this ratio simply measures the percentage of the total assets that are financed with debt. If the debt ratio is 40%, this means that the company has financed 40% of its assets with debt (borrowed money) and 60% with equity (investors money). This ratio is one way of measuring the financial leverage of the company: the higher the debt ratio, the higher the degree of financial leverage that the company has.
Debt Ratio =
10 10.Debt Ratio -- Indicates the percentage of the total assets that have been financed by debt.On the balance sheet, total assets must equal total liabilities and capital. In other words, total assets are equal to the amount of the companys debt plus the amount of equity. Looked at another way, the company is financed with a combination of debt and equity. So this ratio simply measures the percentage of the total assets that are financed with debt. If the debt ratio is 40%, this means that the company has financed 40% of its assets with debt (borrowed money) and 60% with equity (investors money). This ratio is one way of measuring the financial leverage of the company: the higher the debt ratio, the higher the degree of financial leverage that the company has.
Debt Ratio =
09 10.Debt Ratio -- Indicates the percentage of the total assets that have been financed by debt.On the balance sheet, total assets must equal total liabilities and capital. In other words, total assets are equal to the amount of the companys debt plus the amount of equity. Looked at another way, the company is financed with a combination of debt and equity. So this ratio simply measures the percentage of the total assets that are financed with debt. If the debt ratio is 40%, this means that the company has financed 40% of its assets with debt (borrowed money) and 60% with equity (investors money). This ratio is one way of measuring the financial leverage of the company: the higher the debt ratio, the higher the degree of financial leverage that the company has.
Debt Ratio =
10.Debt Ratio -- Indicates the percentage of the total assets that have been financed by debt.On the balance sheet, total assets must equal total liabilities and capital. In other words, total assets are equal to the amount of the companys debt plus the amount of equity. Looked at another way, the company is financed with a combination of debt and equity. So this ratio simply measures the percentage of the total assets that are financed with debt. If the debt ratio is 40%, this means that the company has financed 40% of its assets with debt (borrowed money) and 60% with equity (investors money). This ratio is one way of measuring the financial leverage of the company: the higher the debt ratio, the higher the degree of financial leverage that the company has.
Debt Ratio =
10.Debt Ratio -- Indicates the percentage of the total assets that have been financed by debt.On the balance sheet, total assets must equal total liabilities and capital. In other words, total assets are equal to the amount of the companys debt plus the amount of equity. Looked at another way, the company is financed with a combination of debt and equity. So this ratio simply measures the percentage of the total assets that are financed with debt. If the debt ratio is 40%, this means that the company has financed 40% of its assets with debt (borrowed money) and 60% with equity (investors money). This ratio is one way of measuring the financial leverage of the company: the higher the debt ratio, the higher the degree of financial leverage that the company has.
Debt Ratio =
Market Ratio
11.Price-Earnings Ratio -- The price-earnings ratio is the most frequently used measure of a stocks relative value. The price-earnings ratio tells us two things about a companys stock: It is a measure of how optimistic investors are about the companys future growth in earnings and dividends. The higher the P/E ratio, the more optimistic investors are about the companys future prospects. It is a measure of the premium that you have to pay for the stock. For example, if a stocks P/E ratio is 35 and the average P/E for all stocks is 18, investors are having to pay a considerable premium to acquire the stock (but may be getting a higher quality company). On the other hand, if a stocks P/E ratio is 8, we are able to buy the stock at a discount relative to other stocks (but may be getting an inferior company).
Current market price of the common stock Earnings per share 29.35 = 1.63 = 18 : 1
The P/E ratio is often used to help estimate the future price of the stock using this equation: Pricen = [P/E ratio]n times [Earnings per share]n where n refers to a specific year in the future. For example, the price of a stock 3 years from now will be equal to the P/E ratio that the stock has 3 years from now times the earnings (per share) that the stock has 3 years from now. That is, Price3 = [P/E Ratio]3 * [Earnings per share] 3
Price3 = 12 * $3.00 = $36.00
If we can estimate the value of the P/E ratio 3 years from now and the earnings expected at that time, we can use the equation to estimate the market price of the stock at that time 10
Current market price of the common stock Earnings per share 49.50 = 1.64 = 30 : 1
.09
Current market price of the common stock Earnings per share 10 = 1.93 = 5 : 01
08
Current market price of the common stock Earnings per share 19.35 = 1.2 = 16 :1
07
Current market price of the common stock Earnings per share 15.35 = 1.33 = 12 :1
12.Market value
Market value =
market price per shares book value per shares = 29.35 14.05 = 2.08 :1
12.Market value
Market value =
market price per shares book value per shares 49.50 = 12.46 = 4 :1
12.Market value 09
Market value =
12.Market value
Market value =
market price per shares book value per shares 19.35 = 8.05 = 2.40 :1
12.Market value
Market value =
market price per shares book value per shares 15.35 = 7 = 2.19 :1
10