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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
In the real world during 2012 to 2015, the loss ratios over the large insurance industry ranged from 56.4% to 69.6% depending on the year.
—Jay Adkisson, Forbes, 10 Feb. 2024
Investors—and analysts on UnitedHealth’s conference call—were largely focused on the insurance unit’s medical loss ratio, or the share of premiums spent on medical care.
—Anna Wilde Mathews, WSJ, 12 Jan. 2024
History shows that a 2%-3% change in domestic motor vehicle insurance loss ratios is possible from an increase or reduction in rainfall, although this will also depend on how well insurers manage pricing versus claims inflation, says MS.
—WSJ, 13 Dec. 2023
The Massachusetts Senator and Republican Sen. Mike Braun of Indiana this week wrote a letter to the Health and Human Services Department inspector general complaining that the nation’s largest health insurers are dodging ObamaCare’s medical loss ratio (MLR).
—The Editorial Board, WSJ, 24 Nov. 2023
In the third quarter of this year, UnitedHealth’s net profit increased by more than 11%, to more than $5.8 billion, the company reported Friday.
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UnitedHealthcare, the health insurance division of the conglomerate, registered a medical loss ratio of 82.3% in the quarter.
—Bob Herman Reprints, STAT, 13 Oct. 2023
In recent months, legislators in Nevada, Colorado, and New Mexico passed dental loss ratio bills, according to the American Association of Endodontists.
—Globe Staff, BostonGlobe.com, 13 Aug. 2023
The extensive hand-holding has helped keep program participants’ loss ratio — the share of contracts not fulfilled — at less than 0.5%, well below the industry loss ratio of about 20%, Merriwether said.
—Jon Healey, Los Angeles Times, 10 July 2023
As a result its motor loss ratio is expected to have risen around 6% last year.
—Royston Wild, Forbes, 11 Jan. 2023
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'loss ratio.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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 18 Jun. 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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