A
Abhilasha
Member
In calculation of asset share there are various deductions -
Expense
Cost of benefits
Cost of providing gtee
Cost of smoothing
Cost of return on capital
Shareholder transfer
Tax deduction
At say t=1, expense will be actual per policy expense incurred over last year and shareholder transfer would be for any declared RB or TB declared over past year, even taxes for past year.
But the cost of capital and cog or smoothing cost will be future projection right? These can't be retrospective?
Expense
Cost of benefits
Cost of providing gtee
Cost of smoothing
Cost of return on capital
Shareholder transfer
Tax deduction
At say t=1, expense will be actual per policy expense incurred over last year and shareholder transfer would be for any declared RB or TB declared over past year, even taxes for past year.
But the cost of capital and cog or smoothing cost will be future projection right? These can't be retrospective?