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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
The increase in the loss ratio was primarily due to higher catastrophe losses from Hurricanes Helene and Beryl.
—Quartz Bot, Quartz, 7 Nov. 2024
The health care benefits business expected medical loss ratio of 95.2% in the third quarter, far above Wall Street’s estimate.
—Orianna Rosa Royle, Fortune, 18 Oct. 2024
June 04, 2024 The Insurtech firm Hippo was facing two big challenges related to climate change: major loss ratios and rate hikes.
—Harvard Business Review, 4 June 2024
Whether the high losses are worth it to the general staff in Kyiv depends on the invasion’s objectives—and whether the loss ratio flips as the Kursk campaign develops.
—David Axe, Forbes, 17 Aug. 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 24 Nov. 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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