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At year-end last year, Conservative Casualty Insurance Company had total assets of $360 million and total liabilities of $310 million. The company's net underwriting income

At year-end last year, Conservative Casualty Insurance Company had total assets of $360 million and total liabilities of $310 million. The company's net underwriting income last year was $5 million and net investment income was $3 million. Based on the accounting equation, what was Conservative Casualty's policyholders' surplus at the end of last year

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