Page 306 - Reinsurance Management IC85
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Reinsurance Management
Taxes (2% x 1,20,00000) 2,40000
Management (5 x 1,20,00000) 6,00000
Expenses
Portfolio Withdrawal:-
Premium : 45,00000
Claims : 45,00000
2,0340000
Profit for the year 2011 : 51,60000
Profit for the year 2010 : 30,00000
Profit for the year 2009 : 1,750000
Total 99,10,000
Average Profit 9910000
3 33,03333 (opp)
Profit Commission @ 25% 8,25833 (opp)
(25% x 33,03333)
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