Insurance Company Financial Statements fill in the rose shaded blanks 120,000 101,000 Bonds Common Stocks Real Estate Cash & Short-term Investments Mortgage-backed Securities Total Invested Assets 250,000 80,000 20,000 12,000 30,000 Loss Reserves Unearned Premiums Loss-adjustment Expenses Commissions Payable Other Liabilities Total Liabilities 9,000 11,000 255,000 29,600 Premiums Receivable Equipment Other Assets 400 16,000 Paid-in Surplus Unassigned Surplus 18,000 Total Admitted Assets Total Liabilities & Surplus What is the balance sheet equation? 206,000 Premiums Written Premiums Earned for the given Financial Statements... Complete the Balance Sheet Equation (show figures) Investment Income Interest Dividends Rental Income Gain on Sale of Securities Total Investment Income Total Revenue 14,000 2,400 600 What is the Loss Ratio? What is the Expense Ratio? What is the Eyner 18,000 223,000 What is the combined Ratio? Net Losses incurred Loss-Adjusted Expenses Total Losses & Loss Adj Expenses 133,600 14,000 147,600 What is the Investment Income Ratio? Commissions Premium Taxes General Insurance Expenses Total Underwriting Expenses Total Expenses 5,050 41,590 64,640 212,240 Net Income Before Taxes Federal Income Tax (30%) Net Income