MultiInsure, Ltd$.$ is a $($fictional$)$ public Bermuda exempted insurance company. It provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries. It focuses on writing specialty lines of insurance and reinsurance.

Review MultiInsure$$s $2021$ financial statements. Fill in the answer sheet on page four with the indicated values. Express dollar amounts in millions and calculated ratios as percentages rounded to the nearest tenth of a percent. Submit this entire file as an attachment to your email to me$.$ Each of the $14$ items on the answer sheet counts for $7\mathrm{.}14\%.$

MultiInsure, Ltd$.$

$($$ Million$)$

$2021$

Fixed maturities available for sale at fair value $17,998$

Other investments $8,590$

Total investments $26,588$

Cash $859$

Other assets $17,654$

Total assets $45,101$

Reserves for loss and loss adjustment expenses $17,757$

Unearned premiums $6,012$

Other liabilities $7,777$

Total liabilities $31,546$

Equity $13,655$

Total liabilities & equity $45,101$

MultiInsure, Ltd$.$

$($$ Million$)$

$2021$

Premiums earned $($premiums written $8,663)8,082$

Net investment income $389$

Other revenues $779$

Total revenues $9,250$

Losses & loss adjustment expenses $4,585$

Underwriting expenses $1,303$

Other expenses $1,259$

Total expenses $7,147$

Income before income taxes $2,103$

Income tax expense $129$

Net income $1,974$

Answer Sheet

$ Million

$1-$ Premiums earned.....................................

$2-$ Premiums written....................................

$3-$ Losses & loss adjustment expenses...............

$4-$ Underwriting expense...............................

$5-$ Net investment income..............................

$6-$ Net income...........................................

$7-$ Equity.......................................................

$8-$ Total assets...........................................

$\%,$

$9-$ Loss ratio.............................................

$10-$ Expense ratio........................................

$11-$ Combined ratio......................................

$12-$ Investment income ratio...........................

$13-$ Overall operating ratio.............................

$14-$ Return on equity......................................