Going from a combined ratio of 86.6% in May 2003 to a combined ratio 88.3% in May 2004 does not seem like either a decrease or an improvement. Rising combined ratios usually indicate diminsihing profitability.
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Going from a combined ratio of 86.6% in May 2003 to a combined ratio 88.3% in May 2004 does not seem like either a decrease or an improvement. Rising combined ratios usually indicate diminsihing profitability.