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LSDefine

Simple English definitions for legal terms

loss ratio

Read a random definition: raptu virginum

A quick definition of loss ratio:

Loss ratio: The loss ratio is a measure used in insurance and banking to compare the amount of money paid in premiums or loan assets to the amount of money lost due to claims or loan defaults. It helps to determine the financial health of an insurance company or bank by showing how much money is being lost compared to how much is being earned. A lower loss ratio is generally better, as it means that the company or bank is managing its risks effectively and is less likely to experience financial difficulties.

A more thorough explanation:

Definition: Loss ratio is a term used in insurance and finance to describe the ratio between the amount of money paid in premiums or loan assets and the amount of money lost due to claims or loan defaults during a specific period of time.

Example 1: In insurance, if a company collects $1,000,000 in premiums and pays out $500,000 in claims during a year, the loss ratio would be 50% ($500,000/$1,000,000).

Example 2: In finance, if a bank has $10,000,000 in loan assets and experiences $100,000 in loan losses during a year, the loss ratio would be 1% ($100,000/$10,000,000).

These examples illustrate how loss ratio is used to measure the financial performance of insurance companies and banks. A high loss ratio indicates that a company is paying out more in claims or experiencing more loan losses than it is collecting in premiums or loan payments, which can be a sign of financial instability. A low loss ratio, on the other hand, indicates that a company is collecting more in premiums or loan payments than it is paying out in claims or losses, which can be a sign of financial strength.

loss payee | loss reserve

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21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
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