Did Insurance Company \(K\) have more than \(\$300\) million in total net profits last year?

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A

B

C

D

E

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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.

Answer: E

Source: Official Guide