Anyone know how the UPR Net of DAC was calculated in this Balance Sheet question for companies X, Y and Z respectively (17.5, 850 and 100)?
UPR net of DAC= GWP * 0.5*(1-acquisition cost) This assumes that there was of UPR carried from year 2005.
More precisely, we assume: business is written evenly over a year premiums are earned evenly over the policy term annual policies
