JKL Insurance Company Reported the Following Information on Its Accounting

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 loss ratio last year?

A) 70.0 percent
B) 75.0 percent
C) 83.3 percent
D) 90.0 percent