Odomirok.18-IEE - (2012.Fall #17)

nkekarnkekar
in Odomirok.18-IEE

I think that a formula needs to be added to the BA information that is lacking for the given problem: (2012.Fall #17)

IEE Total Profit or Loss = Net Income = UW Income + Investment Income + Other Income - PH Dividends

UW Income = EP - Incurred L&LAE - *Incurred Expenses
*Incurred Expenses = Prepaid Expenses Incurred + .5 * General Expense Incurred

Investment Income = Investment Gain on Funds attributable to insurance transactions + Investment Gain on Funds attributable to capital and surplus

I had to piece together the above from a combination of information in the examiner's report with BA formulas. Can you confirm that the above is correct? Note: This excludes taxes.

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