An insurance company has $800 million in assets and $783 in liabilities at year end 2017. It also had $ 276 million in premium revenue, $95 million in investment income, $266 million in claims, and $24 million in operating/administrative expenses. What is its surplus or deficit?

An insurance company has $800 million in assets and $783 in liabilities at year end 2017. It also had $ 276 million in premium revenue, $95 million in investment income, $266 million in claims, and $24 million in operating/administrative expenses. What is its surplus or deficit?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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