loss ratio

noun

Definition of loss ratio

: 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 teams finished with the exact same win/loss ratio last season, and while the Pelicans won the first overall selection in the 2019 NBA Draft in the Draft Lottery, the Grizzlies took the second. Calum Trenaman, CNN, "NBA: Zion Williamson vs. Ja Morant," 31 Jan. 2020 If their revenue exceeds that percentage, called the medical loss ratio, the companies must issue refunds. Jenny Deam, Houston Chronicle, "Texans overcharged $92 million by health insurers last year, refunds coming," 12 Sep. 2019 That compares to a loss ratio of about 62% across all property and casualty insurance, according to data compiled by the NAIC of insurers that report to them. Ars Technica, "The Extortion Economy: Insurance companies and the rise in ransomware attacks," 27 Aug. 2019 That compares to a loss ratio of about 62% across all property and casualty insurance, according to data compiled by the NAIC of insurers that report to them. Renee Dudley, ProPublica, "The Extortion Economy: How Insurance Companies Are Fueling a Rise in Ransomware Attacks," 27 Aug. 2019 This figure is known as the medical loss ratio, or MLR. Michael Hiltzik, Los Angeles Times, "Column: Why the short-term health plans Trump favors are cheap: They shortchange you on care," 12 Aug. 2019 However, during UnitedHealth’s earnings call, analysts focused on the insurance unit’s medical-loss ratio, which reflects the share of premiums that goes toward medical costs. Kimberly Chin, WSJ, "UnitedHealth Sales Rise Across Segments," 15 Jan. 2019 Anthem’s medical loss ratio, or the share of premiums spent on health costs, was slightly worse than analysts’ expectations for the third quarter, according to early notes from analysts. Anna Wilde Mathews, WSJ, "Anthem Reports Earnings Growth, Raises Outlook," 31 Oct. 2018 Medical loss ratios began to decline in 2016 and showed even more improvement last year, according to a January report by KFF researchers Cynthia Cox, Ashley Semanskee and Larry Levitt. Washington Post, "The Health 202: Half of Americans think Obamacare marketplaces are crumbling," 3 Apr. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'loss ratio.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of loss ratio

1926, in the meaning defined above

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Time Traveler for loss ratio

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The first known use of loss ratio was in 1926

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Statistics for loss ratio

Last Updated

13 Feb 2020

Cite this Entry

“Loss ratio.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/loss%20ratio. Accessed 22 Feb. 2020.

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More Definitions for loss ratio

loss ratio

noun
loss ra·​tio | \ -ˈrā-ˌshō, -ˈrā-shē-ˌō \

Legal Definition of loss ratio

: the ratio between insurance losses incurred and premiums earned during a given period

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