An insurer has $2,500,000 in total earned premiums for the year. It experiences and pays out in

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An insurer has $2,500,000 in total earned premiums for the year. It experiences and pays out in one year $1,000,000 in total losses and $500,000 in underwriting expenses. As a result, under statutory accounting, the insurer has a $1,000,000 Available answer options Select only one option

A Realized capital gain.

B Unrealized capital gain.

C Underwriting gain.

D Policyholder surplus loss