A Property and Liability Insurance Company's Loss Ratio and Expense

A property and liability insurance company's loss ratio and expense ratio, respectively, for 2013 - 2015 were:
2013:74%31%
2014:68%33%
2015:66%30%
Which of the following statements is true about the company's underwriting results for this time period?

A) The insurer made money from its underwriting activities each year.
B) The insurer's profitability from underwriting has been deteriorating each year.
C) The insurer's profitability from underwriting has been improving each year.
D) The insurer lost money from its underwriting activities each year.