Total Adjusted Capital

Will we ever have to calculate the total adjusted capital? I did not see a formula for it anywhere.

Comments

  • Sorry just read where the formula for this is! Missed over it my first time

  • the formula in Alice's 4th day is: TAC = PHS - (non-tabular discount) - (tabular discounts on medical reserves)
    I'm not seeing the abbreviation PHS earlier in this article, could you provide it here?

  • is it Policyholder Surplus?

  • Yes, it is Policyholder Surplus

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