loss ratio
noun
Definition of loss ratio
: the ratio between insurance losses incurred and premiums earned during a given period
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First Known Use of loss ratio
1926
Law Dictionary
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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