Excel Q4

CanAct06CanAct06
edited September 22 in CCIR.Instructions

We take taxes off Net Investment Income, and then for Net Income - there are taxes again. Doesn't this mean we are doubling up the taxes?

Comments

  • Staff-T1Staff-T1

    I believe the current taxes (line 450) on page 20.22 do not include the taxes already accounted for in the net investment income. Otherwise you are right, it would be double counting taxes which shouldn't happen

  • CanAct06CanAct06
    edited September 23

    fall 2019 23.
    ii)net rsv/eq...

    how is the net rsv based off of unpaid claims... I thought it would be unearned premiums also...
    iii) overall net lev ratio
    also, bc 140K is both "RE unpaid claims and adjustments" AND "Dir Unearned Premium" what is being used in the formula??

  • Staff-T1Staff-T1

    ii) Reserves are by definition the unpaid claims
    iii) The 140K here is the unpaid claims recoverable from the reinsurers.

    The MSA.ratio paper is no longer on the syllabus and this question is not relevant. Only the MSA.legend paper remains on the syllabus

Sign In or Register to comment.