P&C Insurance Key Figures

Risk ratio, %
+ claims incurred
- claims settlement expenses x 100%
premiums earned
Cost ratio, %
+ operating expenses
+ claims settlement expenses x 100%
premiums earned
Loss ratio excl. unwinding of discount, %
claims incurred before unwinding of discount x 100%
premiums earned
Expense ratio, %
operating expenses x 100%
premiums earned
Combined ratio excl. unwinding of discount, %
Loss ratio before unwinding of discount + expense ratio