2014 F Q 15

trotro11trotro11
in Odomirok.22-23-GAAP

Hi,

Could you help me to understand Loss reserve and LAE reserves?

why we subtract 7500 from 19000+20000 for calculating Loss reserves?

and is 7500 calculated by summing 3500+4000 (Schedule P, Part 1 direct & assumed DCC unpaid: case basis+ Schedule P, Part 1 direct & assumed DCC unpaid: bulk & IBNR) ?

Thanks

Comments

  • Staff - ACStaff - AC

    19K and 20K come from Schedule P's "direct and assumed" columns. In the SAP balance sheet, loss and LAE are stated net (of reins recoverables). 7500 recoverable is given (not 3500+4000). You need to subtract this 7500 to get to the net.

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