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Replies to post #87938 on Biotech Values

Replies to #87938 on Biotech Values
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DewDiligence

12/21/09 6:33 PM

#87941 RE: zipjet #87938

[OT re P&C insurers]: The loss ratio and the expense ratio are two different metrics. The latter includes the effect of sales commissions (which are astonishingly large) while the former does not.