Did Insurance Company K have more than $300 millioin in total net profits last year?
(1) Last year Company K paid out $0.95 in claims for every dollar of premiums collected.
(2) Last year Company K earned a total of $150 million in profits from the investment of accumulated surplus premiums from previous years.
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AStatement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
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BStatement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
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CBOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
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DEACH statement ALONE is sufficient.
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EStatements (1) and (2) TOGETHER are NOT sufficient.