“Even with a slightly higher mortgage due to a larger loan amount (and potentially highermortgage insurance), the potential offsetting benefit of paying off the consumer debt can open up a customer’s debt-to-income ratio,” says Schick. ...
WHAT IS A COMBINED RATIO ANYWAY?The article offers information on combined ratio which refers to a measure of profitability used by the insurance industry to determine operating performance.Tsikoudakis, MikeBusiness Insurance
*Without private mortgage insurance (PMI) Conventional loan*80% FHA loan96.5% VA loan100% USDA loan100% Refinance*80% What is combined LTV (CLTV)? If you already have a mortgage and want to apply for a second one, your lender will evaluate the combined LTV (CLTV) ratio. This factors...
A Single Premium Immediate Annuity (sometimes referred to as an "SPIA") may be the right annuity for you if you are looking for payments that begin right away and continue for the rest of your life or for a specified period of time. The annuity is purchased from an insurance company ...
One of the primary drivers behind insurance agency mergers and acquisitions is the pursuit of enhanced market competitiveness. By joining forces, agencies can leverage their combined expertise, resources, and client base to strengthen their market position and gain a competitive edge. This strategic con...
Yes, accounts receivable is considered a current asset because it represents money owed to the business that is expected to be received in the near future. When a customer pays with a credit card, is that cash or accounts receivable?
The combined ratio is a measure of profitability used by an insurance company to indicate how well it is performing in its daily operations.
The investment income ratio is used in the calculation of an insurance company’s overall operating ratio, which is a measurement of the insurer’s overall performance. The overalloperating ratiois equal to thecombined ratio(the sum of theloss ratioand expense ratio) less the investment income ra...
Loss ratio is used in the insurance industry, representing the ratio of losses to premiums earned. Losses in loss ratios include paid insurance claims and adjustment expenses. The loss ratio formula is insurance claims paid plus adjustment expenses divided by total earned premiums. For example, if ...
However, since it is negative in this case, the composite ratio will be adjusted to 0%. 5.27% 5.27% is the composite interest rate for I bonds issued November 1, 2023 to April 30, 2024. This includes a fixed rate portion of 1.30%.1Inflation adjustments are made 2x each year, on May...