JKL Insurance Company Reported the Following Information on Its Accounting

Multiple Choice

JKL Insurance Company reported the following information on its accounting statements last year:
Premiums Written $90,000,000
Loss Adjustment Expenses $5,000,000
Underwriting Expenses 30,000,000
Premiums Earned $100,000,000
Incurred Losses $70,000,000
What was JKL's combined ratio last year?

A) 100.0
B) 103.3
C) 105.0
D) 108.3