Calculate IRIS ratios 5-8 and state **(y/n)** whether each is within its usual range.

0.000

Ratio | Value ^{1} |
In Range? (y/n) |

IRIS 5 | ||

IRIS 6 | ||

IRIS 7 | ||

IRIS 8 |

- 88.1%
- 88.1 (omit percent sign)

☛

☛

☹

Item | CY | CY - 1 |

NWP (Net Written Premium) | ---- | ---- |

NEP (Net Earned Premium) | ---- | ---- |

NII (Net Investment Income) | ---- | ---- |

TOI (Total Other Income) | ---- | ---- |

L (Net Losses & LAE Incurred) | ---- | ---- |

Div (Dividends to Policyholders) | ---- | ---- |

X (Other U/W Expenses) | ---- | ---- |

Cash (Cash & Invested Assets) | ---- | ---- |

InvInc (Inv. Income Due & Accrued) | ---- | ---- |

B (Borrowed Money) | ---- | ---- |

Surplus | ---- | ---- |

Surplus Paid In | ---- | ---- |

= LR + ER – IIR (Loss Ratio + Expense Ratio – Investment Income Ratio) or (Combined Ratio) __thx MH!__

where

LR

= [ (L_{curr} + L_{prior}) + ( Div_{curr} + Div_{prior}) ] / (NEP_{curr} + NEP_{prior})

ER

= [ (X_{curr} + X_{prior}) **–** ( TOI_{curr} + TOI_{prior}) ] / (NWP_{curr} + NWP_{prior})

IIR

= (NII_{curr} + NII_{prior}) / (NEP_{curr} + NEP_{prior})

= 2 x NII / [ (Cash_{curr} + Cash_{prior}) + (InvInc_{curr} + InvInc_{prior}) **–** (B_{curr} + B_{prior}) **–** NII ]

= change(surplus) / (prior year surplus)

= [ change(surplus) **–** (surplus paid in) ] / (prior year surplus)

IRIS 5

< 100%

IRIS 6

(2.0%, 5.5%)

IRIS 7

(-10%, 50%)

IRIS 8

(-10%, 25%)

Ratio | Value | In Range? |

IRIS 5 | ||

IRIS 6 | ||

IRIS 7 | ||

IRIS 8 |

LR | 0 |

ER | 0 |

IIR | 0 |

IRIS 6 denominator | 0 |