https://battleacts6us.ca/wiki6us/index.php?action=history&feed=atom&title=Archived_Version_of_Other_Income_FormulaArchived Version of Other Income Formula - Revision history2026-04-21T15:35:42ZRevision history for this page on the wikiMediaWiki 1.32.0https://battleacts6us.ca/wiki6us/index.php?title=Archived_Version_of_Other_Income_Formula&diff=4501&oldid=prevGraham at 12:31, 13 September 20192019-09-13T12:31:01Z<p></p>
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<td colspan="2" style="background-color: #fff; color: #222; text-align: center;">← Older revision</td>
<td colspan="2" style="background-color: #fff; color: #222; text-align: center;">Revision as of 12:31, 13 September 2019</td>
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<tr><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>These were the original income statement formulas presented in the wiki. Note that ''U/W income'' and ''net investment income'' are the same. The '''difference''' is in how ''other income'' is defined:</div></td><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>These were the original income statement formulas presented in the wiki. Note that ''U/W income'' and ''net investment income'' are the same. The '''difference''' is in how ''other income'' is defined:</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"></td><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"></td></tr>
<tr><td class='diff-marker'>−</td><td style="color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>* '''<del class="diffchange diffchange-inline">originally </del>(see below)''': I was using the term ''other income'' in a generic sense to mean everything <u>other than</u> ''U/W income'' and ''net investment income''. In other words, I was including the the terms for ''dividends to policyholders'' and ''fed/foreign taxes incurred'' in ''other income''</div></td><td class='diff-marker'>+</td><td style="color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>* '''<ins class="diffchange diffchange-inline">original version </ins>(see below)''': I was using the term ''other income'' in a generic sense to mean everything <u>other than</u> ''U/W income'' and ''net investment income''. In other words, I was including the the terms for ''dividends to policyholders'' and ''fed/foreign taxes incurred'' in ''other income''</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''new version (see current wiki)''': I separated ''dividends to policyholders'' and ''fed/foreign taxes incurred'' from ''other income''. This treatment is more consistent with how the term ''other income'' is used in the source text and in the exam problems.</div></td><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>* '''new version (see current wiki)''': I separated ''dividends to policyholders'' and ''fed/foreign taxes incurred'' from ''other income''. This treatment is more consistent with how the term ''other income'' is used in the source text and in the exam problems.</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"></td><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"></td></tr>
</table>Grahamhttps://battleacts6us.ca/wiki6us/index.php?title=Archived_Version_of_Other_Income_Formula&diff=4500&oldid=prevGraham at 12:30, 13 September 20192019-09-13T12:30:45Z<p></p>
<table class="diff diff-contentalign-left" data-mw="interface">
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<col class="diff-marker" />
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<td colspan="2" style="background-color: #fff; color: #222; text-align: center;">← Older revision</td>
<td colspan="2" style="background-color: #fff; color: #222; text-align: center;">Revision as of 12:30, 13 September 2019</td>
</tr><tr><td colspan="2" class="diff-lineno" id="mw-diff-left-l1" >Line 1:</td>
<td colspan="2" class="diff-lineno">Line 1:</td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">These were the original income statement formulas presented in the wiki. Note that ''U/W income'' and ''net investment income'' are the same. The '''difference''' is in how ''other income'' is defined:</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* '''originally (see below)''': I was using the term ''other income'' in a generic sense to mean everything <u>other than</u> ''U/W income'' and ''net investment income''. In other words, I was including the the terms for ''dividends to policyholders'' and ''fed/foreign taxes incurred'' in ''other income''</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">* '''new version (see current wiki)''': I separated ''dividends to policyholders'' and ''fed/foreign taxes incurred'' from ''other income''. This treatment is more consistent with how the term ''other income'' is used in the source text and in the exam problems.</ins></div></td></tr>
<tr><td colspan="2"> </td><td class='diff-marker'>+</td><td style="color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;"></ins></div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>:{| class="wikitable"</div></td><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>:{| class="wikitable"</div></td></tr>
<tr><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td><td class='diff-marker'> </td><td style="background-color: #f8f9fa; color: #222; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>|-</div></td></tr>
</table>Grahamhttps://battleacts6us.ca/wiki6us/index.php?title=Archived_Version_of_Other_Income_Formula&diff=4496&oldid=prevGraham: Created page with ":{| class="wikitable" |- ! item !! formula |- | '''U/W income''' || = EP <span style="color: red;">'''–'''</span> (current AY loss) <span style="color: red;..."2019-09-13T12:22:27Z<p>Created page with ":{| class="wikitable" |- ! item !! formula |- | '''U/W income''' || = EP <span style="color: red;">'''–'''</span> (current AY loss) <span style="color: red;..."</p>
<p><b>New page</b></p><div>:{| class="wikitable"<br />
|-<br />
! item !! formula<br />
<br />
|-<br />
| '''U/W income''' || = EP <span style="color: red;">'''&ndash;'''</span> (current AY loss) <span style="color: red;">'''&ndash;'''</span> (change in prior years' AY loss) <span style="color: red;">'''&ndash;'''</span> LAE <span style="color: red;">'''&ndash;'''</span> (other U/W expense) <span style="color: red;">'''<sup>1</sup>'''</span><br />
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|-<br />
| '''net investment income''' || = (investment revenue) <span style="color: red;">'''&ndash;'''</span> (investment expenses) <span style="color: red;">'''<sup>2</sup>'''</span> <br> = (net investment income earned) + (net realized capital gains) <span style="color: red;">'''<sup>2a</sup>'''</span><br />
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|-<br />
| '''other income''' || = '''SUM('''agents' balances charged off, service fees, aggregate write-ins''')''' <span style="color: red;"><strong>&ndash;</strong></span> (dividends to policyholders) <span style="color: red;"><strong>&ndash;</strong></span> (fed/foreign taxes incurred)<span style="color: red;">'''<sup>3</sup>'''</span><br />
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|}<br />
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:: <span style="color: red;">'''<sup>1</sup>'''</span> SAP uses <u>incurred expenses</u> ''(not paid expenses because incurred is more accurate than paid)''<br />
:: <span style="color: red;">'''<sup>2</sup>'''</span> investment revenue <u>includes</u> ''realized capital gains'' but <u>excludes</u> ''unrealized capital gains''<br />
:: <span style="color: red;">'''<sup>2a</sup>'''</span> by definition: ''(net investment income earned)'' <u>is already</u> ''net of expenses'' and in this problem also ''net of taxes''<br />
:: <span style="color: red;">'''<sup>3</sup>'''</span> If you look at the given information in the exam problem, all of the ''little items'' in the bottom box ''(below unrealized capital gains)'' are included in the income calculation '''except''' <u>''dividends to stockholders''</u>. Normally you would also have to subtract federal & foreign income taxes, but this is not provided in the given information.</div>Graham