Based on the following information, determine the policyholders’ surplus for XYZ Insurance Company: Total invested assets $50,000,000 Loss reserves 40,000,000 Total liabilities 70,000,000 Bonds 35,000,000 Unearned premium reserve 25,000,000 Total assets 90,000,000

Based on the following information, determine the policyholders’ surplus for XYZ Insurance Company: Total invested assets $50,000,000 Loss reserves 40,000,000 Total liabilities 70,000,000 Bonds 35,000,000 Unearned premium reserve 25,000,000 Total assets 90,000,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 3SEQ

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Answer: c

Question

Based on the following information, determine the policyholders’ surplus for XYZ Insurance Company:

Total invested assets	$50,000,000
Loss reserves	40,000,000
Total liabilities	70,000,000
Bonds	35,000,000
Unearned premium reserve	25,000,000
Total assets	90,000,000

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