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Income Statement: Policyholders' Surplus

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Calculate the policyholder's surplus for calendar year CY. (Modeled on 2017.Fall #10)

  current score:
0.000

CY policyholder's surplus
item CY CY-1
A PH surplus ? 666
B NWP
C NEP
D incurred loss
E LAE
F other U/W expenses
G net investment income earned
H net realized capital gains less tax 123,456 456,789
I net unrealized capital gains less tax
J other income
item CY CY-1
K dividends to policyholders 123,456 666,888
L dividends to stockholders
M federal & foreign taxes
N net deferred income tax
O provision for reinsurance
P total assets
Q non-admitted assets

Hint

It helps to figure out which items in the table count as income and which items count as direct charges to surplus.

That's because direct charges to surplus are treated differently. They do not flow through the income statement on their way to surplus. They go directly to surplus.

Solution:
policyholder's surplus 999,999
total net income     999,999
total direct charges     999,999


(Sum entries from the columns net income and direct charges.)
Grid:
+/- CY values unless otherwise stated value net income direct charges comment
A + CY-1 policyholder's surplus not a direct charge but is added to direct charges
B ---- NWP ---- ---- ----
C + NEP
D - incurred losses
E - LAE
F - other U/W expenses
G + net investment income earned
H + net realized capital gains less tax
I +chg net unrealized capital gains less tax net unrealized capital gains less tax
J + other income
K - dividends to policyholders
L - dividends to stockholders
M - federal & foreign taxes
N +chg net deferred income tax net deferred income tax
O -chg provision for reinsurance provision for reinsurance
P ---- total assets ---- ---- ----
Q -chg non-admitted assets non-admitted assets