GWP 100,000,000
RI Ceding 20,000,000
NWP 80,000,000
Net URR 40,000,000
NEP 40,000,000
Net Claims Incurred 24,000,000
RI Commission 5,000,000
Commission paid 10,000,000
Net Commission 5,000,000
Operating expenses 10,000,000
The combined ratio of M/s ABC Insurance for the period Q1
2010-11 will be: