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Losses Paid
(redirected from Paid Losses)

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Losses Paid
In insurance, legitimate claims that an insurer has paid to a policyholder.


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Paid losses and loss adjustment expenses is the portion of incurred losses and loss adjustment expenses, the most directly comparable GAAP measure, excluding the effects of changes in the loss reserve accounts.
Paid losses remained consistently high over the past five years, averaging just over $3.
The companies' gross written premiums (premiums collected in a given year) increased about 134 percent, while gross paid losses (what is paid out in claims) rose less than 10 percent.
 
 
 
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