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Look at the following balance sheet and determine what type of financial intermediary it belongs to: ASSETS LIABILITIES Cash & Equivalents 1.9% New Policy Reserves
Look at the following balance sheet and determine what type of financial intermediary it belongs to:
ASSETS | LIABILITIES | ||
Cash & Equivalents | 1.9% | New Policy Reserves | 45.1% |
Bonds | 28.7% | Separate Account Business | 35.8% |
Other Investments | 57.4% | Policy Claims | 0.8% |
Separate Account Business | 27.4% | Deposit-Type Contracts | 4.9% |
Other Assets | 24.3% | Other Liabilities | 7.5% |
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| Total Capital & Surplus | 5.9% |
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TOTAL ASSETS | 100% | TOTAL LIABILITIES | 100% |
Commercial Bank |
Thrift |
Credit Union |
Insurance Company |
Securities Firm |
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