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loss ratio
noun
: the ratio between insurance losses incurred and premiums earned during a given period
Examples of loss ratio in a Sentence
Recent Examples on the Web
There has been over $35 billion invested in middle market businesses with a very little loss ratio.
—Fred Hubler, Forbes, 3 Dec. 2024
Kingstone's net loss ratio improved to 39.0% from 78.5% in the previous year, driven by lower catastrophe losses and favorable prior year reserve development.
—Quartz Bot, Quartz, 14 Nov. 2024
The company reported a loss ratio of 148.0% for the quarter, compared to 82.0% in the same period last year, with the increase attributed to higher-than-expected loss experience.
—Quartz Bot, Quartz, 14 Nov. 2024
The increase in the loss ratio was primarily due to higher catastrophe losses from Hurricanes Helene and Beryl.
—Quartz Bot, Quartz, 7 Nov. 2024
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Word History
First Known Use
1926, in the meaning defined above
Dictionary Entries Near loss ratio
Cite this Entry
“Loss ratio.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/loss%20ratio. Accessed 22 Dec. 2024.
Legal Definition
loss ratio
noun
loss ra·tio
-ˈrā-ˌshō, -ˈrā-shē-ˌō
: the ratio between insurance losses incurred and premiums earned during a given period
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