Fall 2018
why are we not including the NEP when calculating the Net Income for fiscal year 2017?
ROE = ( NI.preTax - Tot. Tax ) / equity
NI.pretax = NEP - net.CAE - TotAcq - GenExps + NII
examiner report:
Net income (loss) for fiscal year 2017
= Underwriting Income (Loss) + Net Investment Income + Other Revenue and Expenses - Total
Income Taxes
= 11,000 + 2,500 + 1,100 - 4,200
= 10,400
Comments
Have you tried doing it with your provided formula?
yes, I am getting confused with the NEP and U/W income
And did you take a look at the 20.30? If you did you will see you are missing quite a few items to arrive at the UW income