Tax-Basis Incurred Loss
In the notes, TBIL is listed as Incurred Loss - Change in Discounted Reserves, I believe that should be changed to Incurred Loss - Change in Reserve Discount
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In the notes, TBIL is listed as Incurred Loss - Change in Discounted Reserves, I believe that should be changed to Incurred Loss - Change in Reserve Discount
Comments
Yes, you're right. Thanks for letting me know. I have corrected it in the wiki. (I don't think that formula was used anywhere else. If I missed a spot, please let me know.)