loss ratio


noun Insurance.

the ratio of the losses paid or accrued by an insurer to premiums earned, usually for a period of one year.

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Origin of loss ratio

First recorded in 1925–30
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

British Dictionary definitions for loss ratio

loss ratio

noun

the ratio of the annual losses sustained to the premiums received by an insurance company
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012