Fall 2019 Q13
in the examiner's report for (a)(iii), is this true that net income is the sum of net underwriting gain and net investment gain? It doesn't necessarily seem true; it's not including other expenses and PH dividends. But I guess in general we can say that Net Income will follow closely to the results of the sum of those two, because they are probably the biggest pieces of Net Income?
Comments
Yes, the equation in the examiner's report is merely a short-hand for net income, as these two pieces make up the lion's share of it, and are the pieces that are relevant to the question.
Thank you! Also, I meant other income* not other expenses
Sure, good luck.