What is the net profitability in dollars

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Reference no: EM131545752

An insurance company collected $3.9 million in premiums and disbursed $1.99 million in losses. Loss adjustment expenses amounted to 6.9 percent and dividends paid to policyholders totaled 1.5 percent. The total income generated from their investments was $200,000 after all expenses were paid. What is the net profitability in dollars? (Enter your answer in dollars not in millions.)

Net profitability $

Reference no: EM131545752

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