You have received an offer of employment as the Sales Director from CC plc, an insurer. Before deciding whether to accept the offer, you review the recent financial performance of CC plc. From CC plc's website, you obtain the following extract of its recent financial performance. Income statement for the year ending 31 December 2022 m Income Gross written premium 1,720 Outward reinsurance premium (375) Net written premium 1,345 Change in gross provision of unearned premium (72) Less change in the provision for unearned premium, reinsurer's share 15 Change in the provision of unearned premium (57) Net earned premium 1,231 Net investment return 318 Total income 1,549 Expenses Gross claims incurred (1,931) Reinsurer's share 874 Claims incurred net of reinsurance (1,057) Acquisition costs (134) Other operating expenses (118) Total expenses (1,309) Profit before tax 240 Tax expense (90) Profit for the period 150 Note: Figures in brackets are negative. Balance sheet as at 31/12/2022 m m Assets Intangible assets 787 Investments 5,257 Reinsurers' share of insurance contract liabilities 1,732 Deferred acquisition costs 162 Debtors 630 Other assets 748 Cash and cash equivalents 472 Total assets 9,788 Shareholders equity and reserves 990 Liabilities Provision for unearned premium 866 Provision for losses and loss adjustment expenses 6,660 Reinsurance liabilities 325 Creditors and other current liabilities 947 Total equity, reserves and liabilities 8,798

(a) Calculate, showing all your workings, the four most relevant ratios to highlight the financial position of CC plc, when considering the offer of employment. (8) (b) Analyse, based on your calculations in (a) above, whether CC plc is likely to be a financially secure employer. (8) (c) Identify, with justification, the two most significant financial concerns to discuss with CC plc, before deciding on the offer of employment. (4)