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Chapter 4 Features and operation of proportional reinsurance treaties 4/33

Appendix 4.3: Twenty-fourths basis

2014 year of Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total
account
Premium 50,000 25,000 25,000 50,000 50,000 100,000 100,000 100,000 100,000 200,000 800,000
Premium -435,415
portfolio
withdrawal
Premium
portfolio entry
Total premium 50,000 25,000 25,000 50,000 50,000 100,000 100,000 100,000 100,000 200,000 -435,415 364,585
earned

Calculation Chapter
January February March April May June 4
Earned Unearned Earned Unearned Earned Unearned Earned Unearned Earned Unearned Earned Unearned
23/24 1/24 21/24 3/24 19/24 5/24 17/24 7/24 15/24 9/24 13/24 11/24
47,917 2,083 21,875 3,125 19,792 5,208 35,417 14,583 31,250 18,750 54,167 45,833
July August September October November December
Earned Unearned Earned Unearned Earned Unearned Earned Unearned Earned Unearned Earned Unearned
11/24 13/24 9/24 15/24 7/24 17/24 5/24 19/24 3/24 21/24 1/24 23/24
45,833 54,167 37,500 62,500 29,167 70,833 41,667 158,333 Reference copy for CII Face to Face Training