Overall operating ratio

{
  "id": "MLC-T-INS-002459",
  "term": "Overall operating ratio",
  "field": "Insurance and risk management",
  "definition": "A measure of an insurer's total operating result, found by subtracting the investment income ratio, meaning net investment income as a percentage of earned premium, from the combined ratio. A figure under 100 percent indicates a profit once investment earnings are counted, even if the combined ratio alone exceeds 100 percent. It differs from the combined ratio, which counts only underwriting and leaves out investment income.",
  "url": "https://mlchart.com/terminology/insurance/overall-operating-ratio/"
}