CCIR + MSA Ratios

Question 1

3 Ways to Calc Equity

Answer 1

E = A - L

E = E (prior) + NI + OCI
–> assumes no dividends were paid, subtract from NI if there were

E = PHE + SHE + NCI

Question 2

Components of SHE
[CP - CORNA]

Answer 2

Common shares
Preferred shares

Contributed Surplus
Other Surplus
Retained Earnings
Nuclear reserves
AOCI

Question 3

Unrealized gain

Answer 3

an increase in the value of an asset or investment that an investor has not sold

Question 4

Does AOCI include “realized” OR “unrealized” gain/loss on OCI

Answer 4

AOCI includes unrealized gains on OCI

Question 5

What financial page is AOCI on?

Answer 5

20.11 (Statement of Financial Position - Liabilities & Equity)

Question 6

Identify the 3 most important pages in the Core Return

Answer 6

20.10 = Statement of Financial Position - Assets
20.11 = Statement of Financial Position - Liabilities & Equity
20.22 = Statement of Profit or Loss

Question 7

Which financial page is Net Income on?

Answer 7

20.22 = Statement of Profit or Loss

Question 8

Net Investment Income (NII)

Answer 8

NII = total realized gains on sale + total fair value gains + dividends - inv exp - inv taxes

OR

NII = Gross investment income - inv exp - inv taxes

Question 9

Net Income formula

Answer 9

Net Income = ISR + NIR + OEI + Discounted operations - taxes

• ISR = Insurance Service Result
• NIR = Net Investment Result
• OIE = Other Income & Expenses

Question 10

Net Investment Return (NIR)

Answer 10

NIR = NII - provision for credit losses

Question 11

Net income

Answer 11

NI = ISR + NIR + OIE + Disc Operations - (current + deferred taxes)