The solution has Investment Income Subtracted, but this doesn't follow the LED formula we have for RBC. If we see Inv Income should we just subtract it instead of only Adding Loss, Expense, and PH Div?
This is an error in the solution, but it doesn't affect the gist of the solution, since the COR is well below 100% either with or without subtracting Investment Income Ratio. For COR, the LED formula is correct; you don't need to subtract Investment Income Ratio.
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This is an error in the solution, but it doesn't affect the gist of the solution, since the COR is well below 100% either with or without subtracting Investment Income Ratio. For COR, the LED formula is correct; you don't need to subtract Investment Income Ratio.