Did Insurance Company K have more than $300 million 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.
-
AStatement (1) ALONE is sufficient, but statement (2) alone is not sufficient.
-
BStatement (2) ALONE is sufficient, but statement (1) alone is not sufficient.
-
CBOTH statements TOGETHER are sufficient, but NEITHER statement ALONE is sufficient.
-
DEACH statement ALONE is sufficient.
-
EStatements (1) and (2) TOGETHER are NOT sufficient.