Part 3: Module 7 &8: Management Issues for Non-Depository Institutions (See Chapter 11: Insurance Company Performance Analysis) The Better Insurance Company has the following financial statements. Net Premiums Written 2017 48,612 2016 47,398 Income Statement (S mils.) Premiums Earned Loss Expenses Operating Expenses Total Policy Expenses Net Underwriting Gain/Loss Net Investment Income Operating Income before taxes Dividends to Policyhold Income Tax Net Income Ave Investment Yield 42,624 30,746 17.720 48,466 (5,842) 15,700 9,858 6,517 1,294 $2,047 4.94% 48,321 34,364 17,693 52,057 (3,736) 19,995 16,259 10,361 1,670 $4,228 5.89% ers 2016 mils. Total Assets 2017 $381,972 $406,529 Liabilities Total Liabilities Total Equitv Total Liabs, & Equity $349,069 32,903 $369,700 36,829 $381,972$406,529