What’s the best way to write a research paper on

Question What’s the best way to write a research paper on something I don’t understand, like the Everyman play?

El premio ColónCompleta estas oraciones con los tiempos de indicativo

Question El premio ColónCompleta estas oraciones con los tiempos de indicativo o de subjuntivo de los verbos entre paréntesis, según corresponda.Un representante de la fundación Colón (1)  (llamar) el lunes pasado a la profesora Noelia Prado para decirle que (2)  (ellos, decidir) darle el premio Colón por su investigación sobre la civilización inca. Cuando (3)  (escuchar) la noticia, la doctora Prado (4)  (alegrarse) muchísimo de que la fundación la (5)  (premiar) a ella. Pero (6)  (ella, sorprenderse) de que no (7)  (ellos, incluir) a sus colegas en el premio. Para ella, (8)  (ser) evidente que todos (9)  (trabajar) juntos en el proyecto desde el principio. ¿Qué (10)  (pensar) ellos cuando oigan que no han sido premiados?La respuesta de la profesora PradoCompleta las oraciones con los verbos en paréntesis. Conjuga los verbos y agrega preposiciones según sea necesario.

In airports and mass transit systems around the world, nations are

 In airports and mass transit systems around the world, nations are now using new technologies to study the behavior of traveling passengers. Security personnel typically review cameras and monitor the behavior patterns of people to include body language, facial expressions, and erratic behavior. Several software applications and advanced biometric applications are currently being field tested or used in various environments. Some of this technology can detect heart rate, breathing, eye movement, body temperature, etc   Utilizing the Waldorf Online Library, search for and select a resource such as an article, white paper, or research study that discusses new or emerging behavioral profiling technology or technology used to collect physiological data as a homeland security measure. The resource you choose for this article critique must come from the Waldorf Online Library. Ensure the resource is no more than 5 years old.   Provide a synopsis of the resource, and identify the purpose of the technology. What aspects of behavioral profiling technology are discussed? Is the technology experimental or mainstream? Explain the application of the technology as a tool in homeland security efforts. What is the expected return on investment (ROI) of the technology? What are the strengths and weaknesses of the technology? Does the author support profiling travelers? Do you agree or disagree with the author’s opinion? What recommendations would you offer to enhance or replace the technology to increase ROI and effectiveness?   Your article critique must be at least two pages in length, not counting the title and references pages. It should present an insightful and thorough analysis and be supported with strong evidence.   In addition to the source you choose for the article critique, you must use at least two additional sources in your analysis. All sources used must be properly cited. Your article critique, including all references, must be formatted in APA style.  Reference:   Baggett, R. K., Foster, C. S.,

Answer 4 question (total 200 words) and reply other post (100 words)

Answer 4 question (total 200 words)Here is a link to a Spotify playlist, entitled Covers (Links to an external site.). The list consists of song sets, each with an original version of a song or piece of music, followed by one or more covers of the music. In the case of the Pachelbel (written in 1701), the first version on the list is in the period style – in toher words imagining how it sounded in 1701. Pick one set (a set is all the versions of the same piece, for example there are two versions of Mrs. Robinson), listen to all of the versions and answer the following questions. If you don’t use Spotify, here is a list of the titles and artists; you should have no problem finding one of the sets on Youtube or any other streaming service.Reply this post about 100 words.

This document describes the scholarly activity elements that should be included

   This document describes the scholarly activity elements that should be included in a five paragraph summary. You may use this resource to help guide the preparation of the Scholarly Activities assignment, due in Topic 10.  Overview  This section consists of a single paragraph that succinctly describes the scholarly activity that you attended/participated in, the target market for the activity, and the benefit of the activity to you.  Problem  This section consists of either a short narrative or a list of bullet points that concisely identifies the problems the scholarly activity is designed to solve. Educate: What is the current state of the activity topic? Explain why this is a problem, and for whom is it a problem? Inspire: What could a nurse achieve by participating in the scholarly activity? Use declarative sentences with simple words to communicate each point. Less is more.  Solution  This section consists of either a short paragraph or a list of bullet points that concisely describes the solution to a proposed practice problem that the scholarly activity addressed and how it addresses the problem outlined in the previous section.  Opportunity  This section consists of short paragraphs that define the opportunity that the scholarly activity is designed to capture. It is important to cover the objectives and goals that were met. How will attending/participating in this scholarly activity help you grow as a nurse?  Program Competencies Addressed This section consists of a list of program competencies that were addressed in this scholarly activity. Please use the list from the ISP.

This week’s discussion is worth 90 points and it is part of

This week’s discussion is worth 90 points and it is part of your Course Project.  Before you get started on this exercise, you will need the textbook (Chapter 16 – The Financials), the Business Plan Financials Guide and Excel document, and the NAB Company Portfolio. This Assignment has two sections: The Excel document and the written portion of the financials (sources and use of funds, plan assumption, and break-even analysis) as described below. Section I: The Business Plan financials (Excel document) 1. Using your NAB Company Portfolio and the first year of your business plan for the company, you will complete all the worksheets in the Excel document in order, so that you can complete the Income Statement, Cash Flow Projections, and Balance Sheet sections from the Business Plan Financials spreadsheet.  Notes:  · The setup and marketing worksheet should already be completed from Assignment 2. · Use the instructions provided in the Business Plan Financials Guide to help you complete this document, as well as the NAB Company Portfolio (pages 4-8). · To submit: Attach the completed Excel worksheet to the discussion thread (click on the Add Content button under the Post button to access the attachment option when you are ready to submit, attach your document and then click submit)  Section II: Financial section(s) of the business plan (compose as a Word document and paste in the discussion window)  You will have 3 headings as outlined below: 1. Sources and use of funds: Outline the funds you have currently (see portfolio pages 4 and 8) and the ones you intend to raise (you need to raise funds per the portfolio page 4). Explain how you plan to use the funds (a clear plan for how you will use the money). Before addressing this section please review: · Sources and Use of Funds section on page 312 of your textbook-Sample plan on page 325 for an idea on how to address this section. 2. Plan assumptions: The Financial plan must be based on decisions and facts. Investors want to know if this plan is realistic. In this section you will outline your plan assumptions. Before addressing this section please review:  · The setup and assumptions sheet in your Excel document.  · Sample plan in your textbook page 326 · Assumption sheet in your textbook page 313.  · Article about the 5 key assumptions of your business plan. https://www.thebalancesmb.com/question-key-assumptions-in-your-business-plan-1200853 3. Break-even analysis: The break-even point is the point at which you make enough money in revenue to pay your expenses, but no profit (or loss). In this section, clarify what the break-even number is for year one (average). You will extract this information from the Break-even tab in the Excel document. Before addressing this section please review: · Page 314 in the textbook, which covers the break-even analysis. · The BrkEvn (Break-Even) worksheet in your Excel document. You would have calculated this there. Notes:  · You will use the Excel document in Assignment 3 and 4.  · You will use the written portion of your Financials in Assignment 4. 

Students, who did not obtain mentor approval of their Assignment 2,

Students, who did not obtain mentor approval of their Assignment 2, must complete the Assignment 3 as follows: Review the feedback provided by your mentor Week 2.  Revise the composition per your mentor’s feedback and resubmit the composition per the assignment 1 specifications. Title your new submission Continued Revision of the Rationale, Definitions, and Assumptions and Limitations. Students, who received mentor approval of the elements of the study previously, will be awarded full credit for this assignment, and may proceed to drafting Assignment 5

Students, who did not obtain mentor approval of their assignment three,

  Students, who did not obtain mentor approval of their assignment three, must complete the Assignment 4 as follows: Review the feedback provided by your mentor on your prior submissions.  Make revisions per your mentor’s feedback and resubmit the composition per the assignment 1 specifications. Title your new submission Final Revision of the Rationale, Definitions, and Assumptions and Limitations. Students, who received mentor approval previously, will be awarded full credit for this assignment, and may proceed to drafting Assignment 5

A work about facility design checkpoint

Sheet1 HIGH DISTINCTION DISTINCTION CREDIT PASS FAIL (3) FAIL (2) SERIOUS FAIL Description (20%) You provide an extensive and detailed description of your facility. The reader can develop an accurate and comprehensive picture of your facility’s location and surroundings You provide a detailed description of your facility. The reader can develop an accurate and comprehensive picture of your facility’s location and surroundings You provide a clear description of your facility. The reader can develop a good picture of your facility’s location and surroundings You provide an adequate description of your facility. The reader can develop an adequate picture of your facility’s location and surroundings You provide a brief description of your facility. Your description of your facility’s location and surroundings lacks detail Your description of your facility design has very little detail. Your provide very little description of your facility’s location and surroundings You do not describe your facility. You fail to discuss location and surroundings Creativity (30%) Your design proposal is extremely creative and innovative Your design proposal is creative and innovative Your design proposal has a number of creative and innovative aspects Your design proposal has one or two creative and innovative aspects Your design proposal lacks originality Your design proposal is very similar to existing products Your design proposal fails to show creativity Target market (20%) Supported with credible evidence, you have clearly identified and comprehensively profiled one distinct and relevant target market Supported by sound evidence, you have clearly identified and profiled one distinct and relevant target market Supported by some evidence, you have identified

Scenario 1 Model Income Statement Revenue 1 2 3 4 5

Scenario 1 Model Income Statement Revenue 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 Premium 632,000.00 599,376.67 575,301.99 557,443.16 542,650.68 529,064.24 515,635.28 502,027.40 404,448.17 394,667.08 384,788.36 374,763.11 364,587.17 287,970.39 280,804.31 273,554.87 266,183.40 258,687.03 199,638.76 195,497.61 191,671.04 187,669.56 183,489.94 135,239.95 132,566.36 129,780.18 126,857.34 123,796.91 85,932.92 84,066.56 82,116.89 80,065.44 77,912.61 47,185.24 46,039.30 44,841.35 43,578.89 42,254.02 19,558.08 19,018.71 18,455.34 17,855.43 17,221.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Policy Fee 17,600.00 16,619.64 15,900.03 15,375.64 14,963.89 14,603.21 14,260.39 13,914.44 11,948.54 11,677.17 11,404.06 11,128.05 10,848.91 9,164.56 8,949.29 8,732.20 8,512.26 8,289.24 6,860.81 6,722.66 6,600.80 6,473.78 6,341.40 5,054.20 4,959.86 4,861.65 4,758.82 4,651.26 3,508.45 3,435.03 3,358.34 3,277.75 3,193.22 2,126.07 2,075.21 2,022.03 1,966.06 1,907.38 977.90 950.94 922.77 892.77 861.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Investment Income 15,264.64 42,329.53 64,104.26 82,196.77 97,180.44 109,752.91 119,855.04 125,658.14 130,732.82 137,183.38 141,690.55 144,280.11 143,226.65 142,159.76 143,525.08 143,633.19 141,719.57 136,207.27 131,578.86 129,893.41 127,444.05 123,681.34 116,449.11 109,719.06 105,856.24 101,349.69 95,791.35 87,472.33 79,572.49 74,255.19 68,550.82 62,249.51 53,706.47 45,933.83 40,697.53 35,367.63 29,910.59 22,752.21 16,813.26 13,501.20 10,241.80 7,095.48 2,760.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Allowance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsured Claims 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Revenue 664,864.64 658,325.85 655,306.27 655,015.57 654,795.01 653,420.37 649,750.72 641,599.99 547,129.52 543,527.64 537,882.98 530,171.28 518,662.72 439,294.71 433,278.68 425,920.27 416,415.24 403,183.54 338,078.42 332,113.68 325,715.89 317,824.68 306,280.45 250,013.20 243,382.47 235,991.51 227,407.51 215,920.51 169,013.86 161,756.78 154,026.06 145,592.70 134,812.29 95,245.14 88,812.04 82,231.01 75,455.54 66,913.61 37,349.23 33,470.85 29,619.90 25,843.68 20,843.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Benefits and Expenses Paid Claims 5,009.64 19,314.40 34,424.08 51,483.14 73,121.08 97,455.92 123,970.42 151,342.05 99,284.38 117,377.29 137,102.17 158,156.64 180,230.64 111,091.02 126,014.54 142,392.22 159,957.52 178,433.94 108,412.58 121,141.20 135,316.22 150,706.98 167,080.64 97,801.99 108,833.25 121,161.64 134,558.22 148,814.67 84,627.59 94,084.97 104,654.55 116,135.80 128,335.06 64,972.04 72,214.50 80,309.89 89,071.24 98,329.97 39,710.12 43,970.97 48,761.69 54,016.10 59,608.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Reserve 462,888.21 381,773.48 322,581.48 262,556.30 222,102.35 184,721.82 142,427.98 50,199.21 118,746.24 90,268.16 56,078.19 28,434.55 -58,148.91 27,853.99 16,889.42 -12,684.44 -48,304.99 -126,213.48 -19,962.19 -34,006.93 -44,607.12 -76,349.13 -154,335.06 -60,226.93 -64,091.31 -80,977.37 -98,000.40 -168,301.21 -84,539.27 -86,771.03 -97,014.10 -106,014.37 -167,907.63 -81,216.16 -87,553.90 -84,229.23 -91,648.46 -138,049.30 -52,357.43 -54,411.44 -50,656.25 -50,760.71 -88,182.66 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Acquisition Expense 176,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Maintenance Expenses 80,000.00 75,543.83 72,272.85 69,889.26 68,017.69 66,378.24 64,819.97 63,247.47 54,311.53 53,078.06 51,836.64 50,582.06 49,313.23 41,657.08 40,678.57 39,691.83 38,692.10 37,678.37 31,185.50 30,557.54 30,003.63 29,426.27 28,824.55 22,973.62 22,544.81 22,098.40 21,630.98 21,142.11 15,947.49 15,613.77 15,265.19 14,898.86 14,514.64 9,663.97 9,432.78 9,191.06 8,936.65 8,669.89 4,445.02 4,322.44 4,194.40 4,058.05 3,914.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Commission 632,000.00 30,217.53 28,909.14 27,955.70 27,207.07 26,551.29 25,927.99 25,298.99 21,724.61 21,231.22 20,734.65 20,232.83 19,725.29 16,662.83 16,271.43 15,876.73 15,476.84 15,071.35 12,474.20 12,223.01 12,001.45 11,770.51 11,529.82 9,189.45 9,017.92 8,839.36 8,652.39 8,456.84 6,378.99 6,245.51 6,106.08 5,959.55 5,805.85 3,865.59 3,773.11 3,676.42 3,574.66 3,467.96 1,778.01 1,728.97 1,677.76 1,623.22 1,565.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Premium 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Benefits and Expenses 1,355,897.84 506,849.24 458,187.56 411,884.39 390,448.19 375,107.27 357,146.36 290,087.71 294,066.77 281,954.74 265,751.65 257,406.08 191,120.24 197,264.93 199,853.96 185,276.34 165,821.47 104,970.18 132,110.08 129,914.82 132,714.20 115,554.62 53,099.95 69,738.13 76,304.67 71,122.04 66,841.19 10,112.41 22,414.80 29,173.21 29,011.71 30,979.84 -19,252.09 -2,714.56 -2,133.51 8,948.14 9,934.10 -27,581.48 -6,424.28 -4,389.06 3,977.60 8,936.67 -23,094.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Pre-tax Profit -691,033.20 151,476.61 197,118.71 243,131.17 264,346.82 278,313.10 292,604.36 351,512.28 253,062.76 261,572.90 272,131.33 272,765.20 327,542.48 242,029.77 233,424.72 240,643.93 250,593.76 298,213.36 205,968.34 202,198.86 193,001.69 202,270.06 253,180.50 180,275.07 167,077.80 164,869.48 160,566.31 205,808.10 146,599.06 132,583.57 125,014.35 114,612.86 154,064.38 97,959.70 90,945.55 73,282.87 65,521.44 94,495.09 43,773.52 37,859.91 25,642.31 16,907.01 43,937.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Taxes -241,861.62 53,016.81 68,991.55 85,095.91 92,521.39 97,409.58 102,411.52 123,029.30 88,571.96 91,550.51 95,245.96 95,467.82 114,639.87 84,710.42 81,698.65 84,225.38 87,707.82 104,374.68 72,088.92 70,769.60 67,550.59 70,794.52 88,613.18 63,096.27 58,477.23 57,704.32 56,198.21 72,032.83 51,309.67 46,404.25 43,755.02 40,114.50 53,922.53 34,285.90 31,830.94 25,649.00 22,932.50 33,073.28 15,320.73 13,250.97 8,974.81 5,917.45 15,378.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 After Tax Profit -449,171.58 98,459.80 128,127.16 158,035.26 171,825.43 180,903.51 190,192.83 228,482.98 164,490.79 170,022.38 176,885.36 177,297.38 212,902.61 157,319.35 151,726.07 156,418.55 162,885.94 193,838.68 133,879.42 131,429.26 125,451.10 131,475.54 164,567.33 117,178.79 108,600.57 107,165.16 104,368.10 133,775.26 95,289.39 86,179.32 81,259.33 74,498.36 100,141.84 63,673.81 59,114.61 47,633.86 42,588.94 61,421.81 28,452.79 24,608.94 16,667.50 10,989.56 28,559.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Required Capital 45,933.14 11,568.32 9,900.76 8,045.42 6,751.33 5,506.98 4,080.94 -3,271.46 3,481.80 2,522.75 1,369.87 436.08 -5,837.31 569.42 197.85 -799.15 -1,998.87 -7,225.85 -878.99 -1,333.56 -1,697.57 -2,770.05 -7,619.85 -2,153.47 -2,288.65 -2,861.31 -3,438.61 -7,560.55 -2,927.02 -3,006.02 -3,354.35 -3,661.03 -7,185.10 -2,779.12 -2,994.09 -2,885.98 -3,137.71 -5,777.08 -1,781.49 -1,851.52 -1,727.57 -1,732.78 -3,828.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Distributable Earnings -495,104.72 86,891.48 118,226.40 149,989.85 165,074.10 175,396.54 186,111.89 231,754.44 161,008.99 167,499.63 175,515.50 176,861.30 218,739.93 156,749.93 151,528.22 157,217.70 164,884.81 201,064.53 134,758.42 132,762.82 127,148.67 134,245.59 172,187.18 119,332.26 110,889.22 110,026.47 107,806.72 141,335.81 98,216.41 89,185.34 84,613.68 78,159.39 107,326.94 66,452.92 62,108.70 50,519.84 45,726.64 67,198.89 30,234.27 26,460.46 18,395.06 12,722.34 32,387.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Scenario 2 Model Income Statement Revenue 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 Premium 632,000.00 599,376.67 575,301.99 557,443.16 542,650.68 529,064.24 515,635.28 502,027.40 404,448.17 394,667.08 384,788.36 374,763.11 364,587.17 287,970.39 280,804.31 273,554.87 266,183.40 258,687.03 199,638.76 195,497.61 191,671.04 187,669.56 183,489.94 135,239.95 132,566.36 129,780.18 126,857.34 123,796.91 85,932.92 84,066.56 82,116.89 80,065.44 77,912.61 47,185.24 46,039.30 44,841.35 43,578.89 42,254.02 19,558.08 19,018.71 18,455.34 17,855.43 17,221.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Policy Fee 17,600.00 16,619.64 15,900.03 15,375.64 14,963.89 14,603.21 14,260.39 13,914.44 11,948.54 11,677.17 11,404.06 11,128.05 10,848.91 9,164.56 8,949.29 8,732.20 8,512.26 8,289.24 6,860.81 6,722.66 6,600.80 6,473.78 6,341.40 5,054.20 4,959.86 4,861.65 4,758.82 4,651.26 3,508.45 3,435.03 3,358.34 3,277.75 3,193.22 2,126.07 2,075.21 2,022.03 1,966.06 1,907.38 977.90 950.94 922.77 892.77 861.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Investment Income 12,720.53 35,274.61 53,420.21 68,497.31 80,983.70 91,460.76 99,879.20 104,715.12 108,944.01 114,319.49 118,075.46 120,233.43 119,355.54 118,466.47 119,604.24 119,694.33 118,099.64 113,506.06 109,649.05 108,244.51 106,203.38 103,067.78 97,040.93 91,432.55 88,213.54 84,458.07 79,826.13 72,893.61 66,310.41 61,879.33 57,125.69 51,874.59 44,755.39 38,278.19 33,914.61 29,473.03 24,925.49 18,960.18 14,011.05 11,251.00 8,534.83 5,912.90 2,300.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Allowance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsured Claims 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Revenue 662,320.53 651,270.93 644,622.23 641,316.11 638,598.27 635,128.21 629,774.88 620,656.97 525,340.72 520,663.75 514,267.88 506,124.59 494,791.62 415,601.41 409,357.83 401,981.40 392,795.31 380,482.33 316,148.61 310,464.78 304,475.21 297,211.12 286,872.27 231,726.69 225,739.76 219,099.90 211,442.28 201,341.79 155,751.78 149,380.91 142,600.92 135,217.78 125,861.21 87,589.50 82,029.12 76,336.41 70,470.44 63,121.58 34,547.03 31,220.65 27,912.94 24,661.10 20,383.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Benefits and Expenses Paid Claims 5,009.64 19,314.40 34,424.08 51,483.14 73,121.08 97,455.92 123,970.42 151,342.05 99,284.38 117,377.29 137,102.17 158,156.64 180,230.64 111,091.02 126,014.54 142,392.22 159,957.52 178,433.94 108,412.58 121,141.20 135,316.22 150,706.98 167,080.64 97,801.99 108,833.25 121,161.64 134,558.22 148,814.67 84,627.59 94,084.97 104,654.55 116,135.80 128,335.06 64,972.04 72,214.50 80,309.89 89,071.24 98,329.97 39,710.12 43,970.97 48,761.69 54,016.10 59,608.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Reserve 462,888.21 381,773.48 322,581.48 262,556.30 222,102.35 184,721.82 142,427.98 50,199.21 118,746.24 90,268.16 56,078.19 28,434.55 -58,148.91 27,853.99 16,889.42 -12,684.44 -48,304.99 -126,213.48 -19,962.19 -34,006.93 -44,607.12 -76,349.13 -154,335.06 -60,226.93 -64,091.31 -80,977.37 -98,000.40 -168,301.21 -84,539.27 -86,771.03 -97,014.10 -106,014.37 -167,907.63 -81,216.16 -87,553.90 -84,229.23 -91,648.46 -138,049.30 -52,357.43 -54,411.44 -50,656.25 -50,760.71 -88,182.66 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Acquisition Expense 176,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Maintenance Expenses 80,000.00 75,543.83 72,272.85 69,889.26 68,017.69 66,378.24 64,819.97 63,247.47 54,311.53 53,078.06 51,836.64 50,582.06 49,313.23 41,657.08 40,678.57 39,691.83 38,692.10 37,678.37 31,185.50 30,557.54 30,003.63 29,426.27 28,824.55 22,973.62 22,544.81 22,098.40 21,630.98 21,142.11 15,947.49 15,613.77 15,265.19 14,898.86 14,514.64 9,663.97 9,432.78 9,191.06 8,936.65 8,669.89 4,445.02 4,322.44 4,194.40 4,058.05 3,914.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Commission 632,000.00 30,217.53 28,909.14 27,955.70 27,207.07 26,551.29 25,927.99 25,298.99 21,724.61 21,231.22 20,734.65 20,232.83 19,725.29 16,662.83 16,271.43 15,876.73 15,476.84 15,071.35 12,474.20 12,223.01 12,001.45 11,770.51 11,529.82 9,189.45 9,017.92 8,839.36 8,652.39 8,456.84 6,378.99 6,245.51 6,106.08 5,959.55 5,805.85 3,865.59 3,773.11 3,676.42 3,574.66 3,467.96 1,778.01 1,728.97 1,677.76 1,623.22 1,565.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Premium 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Benefits and Expenses 1,355,897.84 506,849.24 458,187.56 411,884.39 390,448.19 375,107.27 357,146.36 290,087.71 294,066.77 281,954.74 265,751.65 257,406.08 191,120.24 197,264.93 199,853.96 185,276.34 165,821.47 104,970.18 132,110.08 129,914.82 132,714.20 115,554.62 53,099.95 69,738.13 76,304.67 71,122.04 66,841.19 10,112.41 22,414.80 29,173.21 29,011.71 30,979.84 -19,252.09 -2,714.56 -2,133.51 8,948.14 9,934.10 -27,581.48 -6,424.28 -4,389.06 3,977.60 8,936.67 -23,094.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Pre-tax Profit -693,577.31 144,421.69 186,434.67 229,431.71 248,150.08 260,020.94 272,628.52 330,569.25 231,273.95 238,709.00 248,516.23 248,718.52 303,671.37 218,336.48 209,503.87 216,705.06 226,973.83 275,512.15 184,038.53 180,549.96 171,761.02 181,656.50 233,772.32 161,988.56 149,435.09 147,977.86 144,601.09 191,229.37 133,336.97 120,207.70 113,589.21 104,237.94 145,113.30 90,304.06 84,162.63 67,388.26 60,536.34 90,703.06 40,971.31 35,609.71 23,935.34 15,724.43 43,477.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Taxes -242,752.06 50,547.59 65,252.13 80,301.10 86,852.53 91,007.33 95,419.98 115,699.24 80,945.88 83,548.15 86,980.68 87,051.48 106,284.98 76,417.77 73,326.35 75,846.77 79,440.84 96,429.25 64,413.49 63,192.48 60,116.36 63,579.78 81,820.31 56,696.00 52,302.28 51,792.25 50,610.38 66,930.28 46,667.94 42,072.70 39,756.23 36,483.28 50,789.65 31,606.42 29,456.92 23,585.89 21,187.72 31,746.07 14,339.96 12,463.40 8,377.37 5,503.55 15,217.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 After Tax Profit -450,825.25 93,874.10 121,182.54 149,130.61 161,297.55 169,013.61 177,208.54 214,870.01 150,328.07 155,160.85 161,535.55 161,667.04 197,386.39 141,918.71 136,177.51 140,858.29 147,532.99 179,082.90 119,625.04 117,357.47 111,644.66 118,076.73 151,952.01 105,292.56 97,132.81 96,185.61 93,990.71 124,299.09 86,669.03 78,135.01 73,832.99 67,754.66 94,323.64 58,697.64 54,705.71 43,802.37 39,348.62 58,956.99 26,631.35 23,146.31 15,557.97 10,220.88 28,260.21 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Required Capital 45,933.14 11,568.32 9,900.76 8,045.42 6,751.33 5,506.98 4,080.94 -3,271.46 3,481.80 2,522.75 1,369.87 436.08 -5,837.31 569.42 197.85 -799.15 -1,998.87 -7,225.85 -878.99 -1,333.56 -1,697.57 -2,770.05 -7,619.85 -2,153.47 -2,288.65 -2,861.31 -3,438.61 -7,560.55 -2,927.02 -3,006.02 -3,354.35 -3,661.03 -7,185.10 -2,779.12 -2,994.09 -2,885.98 -3,137.71 -5,777.08 -1,781.49 -1,851.52 -1,727.57 -1,732.78 -3,828.54 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Distributable Earnings -496,758.39 82,305.78 111,281.78 141,085.20 154,546.22 163,506.64 173,127.59 218,141.47 146,846.27 152,638.10 160,165.69 161,230.95 203,223.71 141,349.29 135,979.67 141,657.44 149,531.86 186,308.74 120,504.04 118,691.03 113,342.23 120,846.78 159,571.86 107,446.03 99,421.46 99,046.92 97,429.32 131,859.64 89,596.05 81,141.02 77,187.34 71,415.69 101,508.74 61,476.76 57,699.80 46,688.35 42,486.33 64,734.07 28,412.83 24,997.83 17,285.54 11,953.66 32,088.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Scenario 3 Model Income Statement Revenue 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 Premium 632,000.00 598,765.84 573,962.28 555,246.16 539,444.07 524,750.54 510,104.68 495,241.05 399,787.70 389,230.01 378,547.93 367,685.98 356,644.08 282,898.37 275,186.45 267,370.81 259,407.85 251,297.89 195,011.01 190,447.16 186,170.07 181,691.71 177,011.40 131,364.68 128,379.51 125,264.67 121,993.47 118,567.38 82,926.39 80,839.33 78,657.32 76,359.92 73,949.66 45,183.32 43,900.22 42,558.73 41,145.09 39,663.25 18,529.38 17,926.37 17,297.06 16,627.12 15,920.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Policy Fee 17,600.00 16,605.55 15,869.27 15,325.37 14,890.70 14,504.92 14,134.52 13,760.12 11,830.96 11,540.19 11,247.03 10,950.17 10,649.42 9,022.45 8,792.14 8,559.46 8,323.24 8,083.29 6,716.80 6,565.80 6,430.16 6,288.54 6,140.79 4,919.39 4,814.36 4,704.85 4,590.01 4,469.82 3,391.22 3,309.22 3,223.48 3,133.29 3,038.70 2,037.69 1,980.75 1,921.20 1,858.53 1,792.88 926.47 896.32 864.85 831.36 796.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Investment Income 13,529.62 37,609.78 57,137.94 73,613.46 87,486.67 99,152.10 108,404.51 113,337.67 117,737.36 123,764.98 127,946.87 130,222.13 128,816.84 127,613.97 129,033.82 129,213.20 127,467.96 122,176.53 117,843.32 116,538.06 114,434.46 111,022.44 104,236.85 98,119.22 94,942.42 91,082.64 86,157.33 78,493.71 71,415.25 66,990.32 62,101.57 56,530.70 48,678.74 41,688.59 37,296.87 32,698.87 27,822.48 21,166.67 15,703.32 12,845.75 9,936.51 6,988.92 2,739.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Allowance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsured Claims 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Revenue 663,129.62 652,981.17 646,969.48 644,184.99 641,821.44 638,407.56 632,643.71 622,338.83 529,356.01 524,535.19 517,741.83 508,858.29 496,110.34 419,534.79 413,012.41 405,143.47 395,199.05 381,557.71 319,571.14 313,551.03 307,034.69 299,002.68 287,389.03 234,403.29 228,136.29 221,052.16 212,740.81 201,530.91 157,732.86 151,138.87 143,982.37 136,023.91 125,667.10 88,909.59 83,177.83 77,178.80 70,826.10 62,622.79 35,159.17 31,668.44 28,098.42 24,447.40 19,455.91 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Benefits and Expenses Paid Claims 6,262.04 24,131.59 42,966.56 64,174.82 90,994.91 121,043.39 153,637.32 187,104.21 123,013.97 145,142.19 169,166.87 194,691.01 221,307.24 137,045.20 155,137.59 174,910.88 196,018.36 218,099.90 133,272.77 148,601.77 165,602.79 183,974.95 203,413.00 119,828.93 133,043.92 147,752.58 163,659.17 180,491.59 103,295.16 114,561.30 127,098.05 140,647.47 154,957.71 78,965.64 87,536.82 97,073.23 107,337.33 118,111.77 47,982.45 52,972.84 58,556.12 64,644.26 71,074.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Reserve 494,232.40 409,559.66 348,382.79 290,970.29 247,466.99 205,465.27 154,083.22 42,264.97 133,224.46 101,107.88 61,803.42 27,332.62 -77,557.72 35,003.67 20,711.76 -12,994.10 -53,763.04 -147,870.06 -16,850.85 -33,232.85 -47,753.67 -83,853.09 -176,300.09 -58,084.02 -64,569.00 -84,503.65 -105,793.33 -188,895.73 -83,211.04 -87,839.10 -101,151.88 -114,227.92 -188,137.94 -80,928.41 -88,916.98 -88,905.40 -99,684.99 -156,806.49 -53,575.52 -56,961.67 -55,571.70 -58,442.36 -105,226.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Acquisition Expense 176,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Maintenance Expenses 80,000.00 75,479.79 72,133.04 69,660.76 67,685.00 65,931.44 64,247.82 62,545.98 53,777.08 52,455.43 51,122.87 49,773.50 48,406.47 41,011.14 39,964.27 38,906.66 37,832.91 36,742.23 30,530.90 29,844.56 29,228.00 28,584.27 27,912.68 22,360.87 21,883.48 21,385.68 20,863.68 20,317.35 15,414.63 15,041.92 14,652.18 14,242.25 13,812.26 9,262.22 9,003.39 8,732.72 8,447.84 8,149.43 4,211.22 4,074.18 3,931.15 3,778.89 3,618.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Commission 632,000.00 30,191.92 28,853.21 27,864.30 27,074.00 26,372.57 25,699.13 25,018.39 21,510.83 20,982.17 20,449.15 19,909.40 19,362.59 16,404.45 15,985.71 15,562.66 15,133.17 14,696.89 12,212.36 11,937.82 11,691.20 11,433.71 11,165.07 8,944.35 8,753.39 8,554.27 8,345.47 8,126.94 6,165.85 6,016.77 5,860.87 5,696.90 5,524.90 3,704.89 3,601.36 3,493.09 3,379.14 3,259.77 1,684.49 1,629.67 1,572.46 1,511.56 1,447.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Premium 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Benefits and Expenses 1,388,494.45 539,362.95 492,335.60 452,670.17 433,220.90 418,812.67 397,667.48 316,933.55 331,526.34 319,687.67 302,542.30 291,706.54 211,518.57 229,464.46 231,799.33 216,386.10 195,221.40 121,668.98 159,165.18 157,151.30 158,768.32 140,139.83 66,190.67 93,050.14 99,111.78 93,188.87 87,075.00 20,040.16 41,664.60 47,780.89 46,459.23 46,358.69 -13,843.07 11,004.34 11,224.58 20,393.63 19,479.32 -27,285.52 302.63 1,715.01 8,488.03 11,492.35 -29,086.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Pre-tax Profit -725,364.83 113,618.22 154,633.88 191,514.82 208,600.54 219,594.88 234,976.23 305,405.28 197,829.68 204,847.52 215,199.53 217,151.75 284,591.77 190,070.34 181,213.08 188,757.37 199,977.65 259,888.74 160,405.95 156,399.74 148,266.37 158,862.85 221,198.37 141,353.15 129,024.51 127,863.28 125,665.81 181,490.75 116,068.26 103,357.98 97,523.13 89,665.23 139,510.17 77,905.26 71,953.25 56,785.17 51,346.78 89,908.31 34,856.54 29,953.43 19,610.39 12,955.05 48,542.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Taxes -253,877.69 39,766.38 54,121.86 67,030.19 73,010.19 76,858.21 82,241.68 106,891.85 69,240.39 71,696.63 75,319.84 76,003.11 99,607.12 66,524.62 63,424.58 66,065.08 69,992.18 90,961.06 56,142.08 54,739.91 51,893.23 55,602.00 77,419.43 49,473.60 45,158.58 44,752.15 43,983.03 63,521.76 40,623.89 36,175.29 34,133.10 31,382.83 48,828.56 27,266.84 25,183.64 19,874.81 17,971.37 31,467.91 12,199.79 10,483.70 6,863.64 4,534.27 16,989.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 After Tax Profit -471,487.14 73,851.85 100,512.02 124,484.63 135,590.35 142,736.67 152,734.55 198,513.43 128,589.29 133,150.89 139,879.69 141,148.64 184,984.65 123,545.72 117,788.50 122,692.29 129,985.47 168,927.68 104,263.87 101,659.83 96,373.14 103,260.85 143,778.94 91,879.55 83,865.93 83,111.14 81,682.78 117,968.99 75,444.37 67,182.69 63,390.04 58,282.40 90,681.61 50,638.42 46,769.61 36,910.36 33,375.41 58,440.40 22,656.75 19,469.73 12,746.76 8,420.78 31,552.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Required Capital 46,952.24 12,462.22 10,721.65 8,946.11 7,544.91 6,140.16 4,407.68 -3,429.36 3,927.43 2,845.13 1,519.20 355.21 -6,341.82 781.24 297.16 -839.55 -2,212.87 -7,811.22 -796.21 -1,330.50 -1,827.20 -3,046.87 -8,223.59 -2,097.49 -2,321.34 -2,997.14 -3,718.26 -8,137.67 -2,893.72 -3,053.59 -3,505.46 -3,949.27 -7,763.32 -2,776.44 -3,047.04 -3,050.31 -3,414.92 -6,326.20 -1,825.53 -1,940.31 -1,895.80 -1,993.82 -4,333.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Distributable Earnings -518,439.39 61,389.62 89,790.37 115,538.52 128,045.44 136,596.51 148,326.87 201,942.80 124,661.86 130,305.75 138,360.49 140,793.43 191,326.46 122,764.47 117,491.34 123,531.84 132,198.34 176,738.90 105,060.08 102,990.32 98,200.34 106,307.72 152,002.53 93,977.04 86,187.27 86,108.27 85,401.03 126,106.66 78,338.09 70,236.28 66,895.50 62,231.67 98,444.93 53,414.86 49,816.65 39,960.67 36,790.33 64,766.60 24,482.28 21,410.04 14,642.56 10,414.60 35,886.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Scenario 4 Model Income Statement Revenue 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 Premium 632,000.00 597,238.76 570,624.01 549,794.26 531,526.98 514,163.12 496,624.62 478,828.12 388,443.42 376,073.08 363,543.65 350,790.21 337,828.12 270,714.17 261,770.98 252,698.48 243,446.48 234,026.96 184,007.86 178,512.57 173,257.12 167,761.95 162,036.25 122,234.51 118,577.44 114,765.74 110,770.21 106,600.80 75,914.46 73,363.35 70,701.94 67,908.02 64,991.26 40,567.45 39,004.50 37,376.52 35,668.79 33,890.80 16,195.18 15,468.60 14,714.79 13,916.56 13,082.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Policy Fee 17,600.00 16,570.33 15,792.60 15,200.53 14,709.78 14,263.25 13,826.99 13,385.72 11,544.04 11,207.73 10,868.12 10,523.70 10,174.52 8,679.94 8,415.43 8,147.82 7,875.73 7,599.17 6,373.19 6,193.67 6,027.81 5,854.71 5,674.45 4,600.78 4,472.52 4,338.81 4,198.74 4,052.53 3,117.12 3,016.97 2,912.39 2,802.66 2,688.03 1,833.61 1,764.21 1,691.89 1,616.10 1,537.23 809.76 773.43 735.74 695.83 654.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Investment Income 12,441.86 34,749.36 53,108.75 69,031.08 82,819.82 94,425.25 103,391.42 107,493.53 111,301.39 117,303.28 121,386.61 123,361.36 121,220.39 119,636.95 121,224.33 121,455.11 119,708.58 114,161.64 109,784.28 108,842.83 106,963.92 103,656.91 96,822.52 90,971.76 88,430.37 85,077.44 80,541.00 73,073.29 66,494.25 62,896.50 58,676.63 53,593.10 45,996.39 39,477.88 35,859.76 31,852.74 27,331.18 20,793.00 15,519.49 13,031.32 10,341.18 7,403.65 2,923.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Allowance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsured Claims 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Revenue 662,041.86 648,558.45 639,525.36 634,025.88 629,056.58 622,851.61 613,843.03 599,707.38 511,288.85 504,584.09 495,798.38 484,675.27 469,223.04 399,031.06 391,410.74 382,301.41 371,030.78 355,787.77 300,165.32 293,549.07 286,248.85 277,273.57 264,533.22 217,807.06 211,480.34 204,182.00 195,509.96 183,726.61 145,525.83 139,276.82 132,290.96 124,303.78 113,675.69 81,878.95 76,628.48 70,921.15 64,616.07 56,221.03 32,524.43 29,273.34 25,791.71 22,016.03 16,660.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Benefits and Expenses Paid Claims 9,393.07 36,154.59 64,212.00 95,594.09 134,982.26 178,693.70 225,580.46 273,078.12 180,514.91 211,946.12 245,721.20 281,187.21 317,676.77 198,967.77 224,111.13 251,308.51 280,002.03 309,613.99 191,833.00 212,784.48 235,785.09 260,349.44 285,983.44 171,075.22 188,900.37 208,539.08 229,523.69 251,417.95 146,101.43 161,084.71 177,578.15 195,178.33 213,485.80 110,519.34 121,730.16 134,058.94 147,143.73 160,646.29 66,199.71 72,555.75 79,578.02 87,121.89 94,931.92 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Reserve 572,592.89 478,598.90 411,943.78 360,285.62 308,552.02 254,623.43 180,888.15 22,881.92 166,386.25 125,203.19 73,586.43 23,213.35 -122,858.31 49,988.41 27,692.25 -15,626.99 -67,951.71 -197,485.44 -11,561.01 -33,457.41 -56,914.50 -102,524.92 -225,881.05 -55,039.34 -67,544.24 -94,284.28 -124,784.08 -234,785.79 -81,870.11 -91,929.74 -111,956.26 -133,700.24 -232,479.37 -81,604.45 -93,280.55 -100,412.08 -118,165.87 -197,189.40 -57,034.17 -63,268.61 -66,801.79 -75,233.53 -140,811.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Acquisition Expense 176,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Maintenance Expenses 80,000.00 75,319.69 71,784.53 69,093.34 66,862.63 64,832.94 62,849.98 60,844.19 52,472.92 50,944.22 49,400.56 47,834.99 46,247.83 39,454.26 38,251.96 37,035.57 35,798.75 34,541.68 28,969.04 28,153.06 27,399.14 26,612.32 25,792.95 20,912.65 20,329.66 19,721.88 19,085.20 18,420.58 14,168.74 13,713.49 13,238.14 12,739.35 12,218.34 8,334.60 8,019.15 7,690.39 7,345.92 6,987.41 3,680.72 3,515.59 3,344.27 3,162.85 2,973.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Commission 632,000.00 30,127.87 28,713.81 27,637.34 26,745.05 25,933.17 25,139.99 24,337.68 20,989.17 20,377.69 19,760.23 19,133.99 18,499.13 15,781.70 15,300.78 14,814.23 14,319.50 13,816.67 11,587.62 11,261.23 10,959.66 10,644.93 10,317.18 8,365.06 8,131.86 7,888.75 7,634.08 7,368.23 5,667.50 5,485.40 5,295.26 5,095.74 4,887.34 3,333.84 3,207.66 3,076.16 2,938.37 2,794.97 1,472.29 1,406.24 1,337.71 1,265.14 1,189.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Premium 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Benefits and Expenses 1,469,985.96 620,201.05 576,654.12 552,610.38 537,141.97 524,083.24 494,458.58 381,141.89 420,363.24 408,471.21 388,468.42 371,369.54 259,565.43 304,192.14 305,356.11 287,531.31 262,168.58 160,486.91 220,828.65 218,741.36 217,229.39 195,081.77 96,212.52 145,313.60 149,817.65 141,865.43 131,458.90 42,420.96 84,067.56 88,353.85 84,155.29 79,313.18 -1,887.89 40,583.32 39,676.41 44,413.41 39,262.15 -26,760.73 14,318.54 14,208.97 17,458.21 16,316.35 -41,716.77 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Pre-tax Profit -807,944.10 28,357.40 62,871.25 81,415.49 91,914.61 98,768.37 119,384.46 218,565.48 90,925.61 96,112.87 107,329.96 113,305.73 209,657.61 94,838.92 86,054.62 94,770.10 108,862.20 195,300.86 79,336.67 74,807.71 69,019.47 82,191.81 168,320.71 72,493.46 61,662.69 62,316.57 64,051.05 141,305.65 61,458.27 50,922.97 48,135.67 44,990.60 115,563.58 41,295.63 36,952.06 26,507.74 25,353.92 82,981.76 18,205.89 15,064.38 8,333.50 5,699.68 58,377.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Taxes -282,780.44 9,925.09 22,004.94 28,495.42 32,170.11 34,568.93 41,784.56 76,497.92 31,823.96 33,639.51 37,565.49 39,657.00 73,380.16 33,193.62 30,119.12 33,169.54 38,101.77 68,355.30 27,767.84 26,182.70 24,156.81 28,767.13 58,912.25 25,372.71 21,581.94 21,810.80 22,417.87 49,456.98 21,510.40 17,823.04 16,847.49 15,746.71 40,447.25 14,453.47 12,933.22 9,277.71 8,873.87 29,043.62 6,372.06 5,272.53 2,916.73 1,994.89 20,432.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 After Tax Profit -525,163.67 18,432.31 40,866.31 52,920.07 59,744.50 64,199.44 77,599.90 142,067.56 59,101.65 62,473.37 69,764.47 73,648.72 136,277.45 61,645.30 55,935.51 61,600.57 70,760.43 126,945.56 51,568.84 48,625.01 44,862.65 53,424.67 109,408.46 47,120.75 40,080.75 40,505.77 41,633.19 91,848.67 39,947.88 33,099.93 31,288.19 29,243.89 75,116.33 26,842.16 24,018.84 17,230.03 16,480.05 53,938.14 11,833.83 9,791.85 5,416.78 3,704.79 37,945.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Required Capital 49,500.00 14,683.28 12,743.81 11,143.21 9,455.86 7,640.25 5,156.84 -3,821.45 4,946.43 3,558.61 1,817.95 119.73 -7,522.86 1,220.77 467.23 -993.19 -2,754.70 -9,155.30 -666.27 -1,387.68 -2,185.72 -3,725.49 -9,587.98 -2,029.60 -2,456.39 -3,361.58 -4,392.23 -9,423.60 -2,872.35 -3,214.98 -3,892.64 -4,627.36 -9,028.44 -2,813.29 -3,207.77 -3,450.75 -4,049.11 -7,504.60 -1,947.67 -2,157.92 -2,278.55 -2,562.84 -5,381.63 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Distributable Earnings -574,663.67 3,749.03 28,122.50 41,776.86 50,288.63 56,559.19 72,443.06 145,889.02 54,155.22 58,914.76 67,946.52 73,528.99 143,800.31 60,424.53 55,468.28 62,593.76 73,515.14 136,100.86 52,235.11 50,012.69 47,048.38 57,150.16 118,996.44 49,150.35 42,537.14 43,867.35 46,025.41 101,272.27 42,820.23 36,314.91 35,180.83 33,871.25 84,144.77 29,655.45 27,226.62 20,680.78 20,529.16 61,442.74 13,781.50 11,949.77 7,695.33 6,267.63 43,326.97 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Scenario 5 Model Income Statement Revenue 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 Premium 632,000.00 595,711.68 567,301.50 544,400.02 523,750.24 503,851.42 483,625.47 463,174.98 377,523.38 363,513.71 349,350.79 334,967.88 320,400.69 259,202.96 249,202.70 239,077.90 228,777.87 218,329.32 173,763.48 167,497.30 161,450.58 155,157.33 148,639.30 113,844.43 109,650.43 105,297.12 100,757.01 96,050.35 69,564.33 66,657.88 63,641.16 60,493.38 57,232.51 36,455.97 34,689.91 32,862.31 30,959.55 28,997.18 14,164.01 13,355.94 12,524.68 11,651.76 10,750.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Policy Fee 17,600.00 16,535.11 15,716.25 15,076.90 14,531.76 14,027.28 13,529.42 13,027.05 11,266.87 10,888.97 10,507.83 10,121.84 9,731.46 8,354.78 8,060.54 7,763.24 7,461.43 7,155.46 6,051.65 5,848.23 5,657.53 5,459.25 5,253.76 4,306.64 4,159.58 4,006.76 3,847.36 3,681.88 2,867.99 2,753.76 2,635.02 2,511.11 2,382.59 1,651.46 1,572.95 1,491.64 1,407.06 1,319.85 708.20 667.80 626.23 582.59 537.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Investment Income 8,787.51 24,623.95 37,784.02 49,400.75 59,627.16 68,211.73 74,704.87 77,333.14 79,848.42 84,233.21 87,152.80 88,419.18 86,477.28 85,104.84 86,288.61 86,415.53 85,067.81 80,846.20 77,574.70 76,976.02 75,625.61 73,181.80 68,120.88 63,915.62 62,263.42 59,961.36 56,750.01 51,346.76 46,721.24 44,385.25 41,529.01 37,974.42 32,522.87 27,948.21 25,587.81 22,870.47 19,690.08 14,975.82 11,213.37 9,530.11 7,643.69 5,503.50 2,176.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Allowance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsured Claims 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Revenue 658,387.51 636,870.74 620,801.77 608,877.67 597,909.16 586,090.43 571,859.75 553,535.16 468,638.66 458,635.90 447,011.41 433,508.90 416,609.43 352,662.58 343,551.84 333,256.67 321,307.11 306,330.98 257,389.84 250,321.54 242,733.73 233,798.38 222,013.95 182,066.69 176,073.42 169,265.23 161,354.37 151,079.00 119,153.56 113,796.90 107,805.19 100,978.91 92,137.97 66,055.64 61,850.68 57,224.42 52,056.69 45,292.84 26,085.59 23,553.85 20,794.61 17,737.84 13,464.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Benefits and Expenses Paid Claims 12,524.09 48,149.07 85,299.78 126,574.54 177,989.42 234,505.81 294,452.02 354,364.07 235,506.84 275,192.21 317,401.55 361,211.01 405,685.27 256,891.41 287,956.43 321,216.35 355,897.96 391,207.62 245,613.98 271,073.01 298,739.41 327,941.25 357,998.08 217,295.08 238,670.20 261,982.01 286,593.33 311,909.06 183,890.11 201,602.69 220,889.32 241,206.71 262,015.65 137,677.98 150,706.90 164,866.56 179,679.93 194,698.16 81,321.07 88,507.42 96,345.00 104,634.95 113,036.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Reserve 650,953.38 547,029.28 474,168.29 427,183.20 366,400.91 300,072.38 204,537.85 4,119.11 195,475.23 145,321.04 82,076.25 17,371.95 -163,966.15 61,227.03 31,392.95 -20,565.39 -82,738.33 -241,339.82 -9,399.38 -36,338.31 -67,585.72 -120,952.74 -268,766.68 -54,834.12 -72,637.26 -105,120.95 -143,004.95 -273,709.97 -82,893.00 -97,636.82 -123,152.60 -151,681.67 -269,123.89 -83,878.38 -98,655.71 -111,501.79 -134,491.45 -229,598.79 -60,871.83 -69,343.15 -76,594.79 -88,983.50 -167,961.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Acquisition Expense 176,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Maintenance Expenses 80,000.00 75,159.58 71,437.50 68,531.35 66,053.47 63,760.37 61,497.36 59,213.85 51,213.03 49,495.34 47,762.86 46,008.36 44,233.91 37,976.26 36,638.81 35,287.45 33,915.61 32,524.81 27,507.49 26,582.85 25,716.05 24,814.77 23,880.75 19,575.66 18,907.16 18,212.54 17,487.99 16,735.84 13,036.30 12,517.07 11,977.36 11,414.14 10,829.94 7,506.65 7,149.78 6,780.17 6,395.74 5,999.30 3,219.09 3,035.44 2,846.52 2,648.13 2,443.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Commission 632,000.00 30,063.83 28,575.00 27,412.54 26,421.39 25,504.15 24,598.95 23,685.54 20,485.21 19,798.14 19,105.15 18,403.34 17,693.57 15,190.50 14,655.52 14,114.98 13,566.24 13,009.92 11,003.00 10,633.14 10,286.42 9,925.91 9,552.30 7,830.26 7,562.87 7,285.02 6,995.20 6,694.33 5,214.52 5,006.83 4,790.94 4,565.66 4,331.98 3,002.66 2,859.91 2,712.07 2,558.30 2,399.72 1,287.64 1,214.18 1,138.61 1,059.25 977.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Premium 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Benefits and Expenses 1,551,477.47 700,401.76 659,480.57 649,701.62 636,865.18 623,842.72 585,086.18 441,382.57 502,680.32 489,806.73 466,345.81 442,994.66 303,646.60 371,285.21 370,643.72 350,053.38 320,641.48 195,402.53 274,725.08 271,950.69 267,156.17 241,729.20 122,664.44 189,866.89 192,502.97 182,358.61 168,071.57 61,629.25 119,247.93 121,489.77 114,505.02 105,504.83 8,053.68 64,308.92 62,060.88 62,857.01 54,142.53 -26,501.61 24,955.98 23,413.89 23,735.33 19,358.83 -51,504.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Pre-tax Profit -893,089.96 -63,531.02 -38,678.80 -40,823.96 -38,956.01 -37,752.28 -13,226.42 112,152.59 -34,041.66 -31,170.83 -19,334.40 -9,485.76 112,962.83 -18,622.63 -27,091.87 -16,796.72 665.63 110,928.45 -17,335.25 -21,629.15 -24,422.44 -7,930.82 99,349.51 -7,800.20 -16,429.54 -13,093.38 -6,717.20 89,449.74 -94.38 -7,692.88 -6,699.83 -4,525.92 84,084.30 1,746.72 -210.21 -5,632.60 -2,085.83 71,794.46 1,129.61 139.96 -2,940.72 -1,620.99 64,969.29 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Taxes -312,581.49 -22,235.86 -13,537.58 -14,288.39 -13,634.60 -13,213.30 -4,629.25 39,253.40 -11,914.58 -10,909.79 -6,767.04 -3,320.02 39,536.99 -6,517.92 -9,482.15 -5,878.85 232.97 38,824.96 -6,067.34 -7,570.20 -8,547.85 -2,775.79 34,772.33 -2,730.07 -5,750.34 -4,582.68 -2,351.02 31,307.41 -33.03 -2,692.51 -2,344.94 -1,584.07 29,429.50 611.35 -73.57 -1,971.41 -730.04 25,128.06 395.36 48.99 -1,029.25 -567.35 22,739.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 After Tax Profit -580,508.47 -41,295.17 -25,141.22 -26,535.57 -25,321.41 -24,538.98 -8,597.18 72,899.18 -22,127.08 -20,261.04 -12,567.36 -6,165.75 73,425.84 -12,104.71 -17,609.72 -10,917.87 432.66 72,103.49 -11,267.91 -14,058.94 -15,874.58 -5,155.03 64,577.18 -5,070.13 -10,679.20 -8,510.70 -4,366.18 58,142.33 -61.34 -5,000.37 -4,354.89 -2,941.85 54,654.79 1,135.37 -136.63 -3,661.19 -1,355.79 46,666.40 734.25 90.97 -1,911.47 -1,053.64 42,230.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Required Capital 52,047.76 16,884.73 14,723.33 13,263.51 11,265.27 9,026.49 5,814.44 -4,209.80 5,837.77 4,149.69 2,019.67 -157.45 -8,599.77 1,543.63 537.79 -1,211.84 -3,302.33 -10,347.72 -632.98 -1,524.37 -2,583.75 -4,383.09 -10,770.60 -2,049.98 -2,654.51 -3,752.28 -5,029.95 -10,514.45 -2,924.66 -3,424.21 -4,285.71 -5,247.25 -10,070.98 -2,899.79 -3,397.99 -3,832.18 -4,605.42 -8,445.09 -2,080.38 -2,365.37 -2,610.43 -3,026.91 -6,172.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Distributable Earnings -632,556.24 -58,179.89 -39,864.55 -39,799.08 -36,586.68 -33,565.47 -14,411.62 77,108.98 -27,964.84 -24,410.73 -14,587.03 -6,008.30 82,025.60 -13,648.35 -18,147.51 -9,706.03 3,734.99 82,451.21 -10,634.93 -12,534.58 -13,290.84 -771.94 75,347.79 -3,020.15 -8,024.69 -4,758.42 663.77 68,656.78 2,863.32 -1,576.16 -69.18 2,305.40 64,725.77 4,035.16 3,261.35 170.99 3,249.63 55,111.49 2,814.63 2,456.34 698.96 1,973.27 48,402.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Scenario 6 Model Income Statement Revenue 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 Premium 632,000.00 599,376.67 575,301.99 557,443.16 542,650.68 529,064.24 515,635.28 502,027.40 404,448.17 394,667.08 384,788.36 374,763.11 364,587.17 287,970.39 280,804.31 273,554.87 266,183.40 258,687.03 199,638.76 195,497.61 191,671.04 187,669.56 183,489.94 135,239.95 132,566.36 129,780.18 126,857.34 123,796.91 85,932.92 84,066.56 82,116.89 80,065.44 77,912.61 47,185.24 46,039.30 44,841.35 43,578.89 42,254.02 19,558.08 19,018.71 18,455.34 17,855.43 17,221.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Policy Fee 17,600.00 16,619.64 15,900.03 15,375.64 14,963.89 14,603.21 14,260.39 13,914.44 11,948.54 11,677.17 11,404.06 11,128.05 10,848.91 9,164.56 8,949.29 8,732.20 8,512.26 8,289.24 6,860.81 6,722.66 6,600.80 6,473.78 6,341.40 5,054.20 4,959.86 4,861.65 4,758.82 4,651.26 3,508.45 3,435.03 3,358.34 3,277.75 3,193.22 2,126.07 2,075.21 2,022.03 1,966.06 1,907.38 977.90 950.94 922.77 892.77 861.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Investment Income 7,632.32 21,164.77 32,052.13 41,098.39 48,590.22 54,876.46 59,927.52 62,829.07 65,366.41 68,591.69 70,845.28 72,140.06 71,613.32 71,079.88 71,762.54 71,816.60 70,859.78 68,103.64 65,789.43 64,946.70 63,722.03 61,840.67 58,224.56 54,859.53 52,928.12 50,674.84 47,895.68 43,736.17 39,786.25 37,127.60 34,275.41 31,124.75 26,853.23 22,966.91 20,348.76 17,683.82 14,955.30 11,376.11 8,406.63 6,750.60 5,120.90 3,547.74 1,380.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Allowance 316,000.00 74,922.08 71,912.75 69,680.39 67,831.34 66,133.03 64,454.41 62,753.43 50,556.02 49,333.39 48,098.55 46,845.39 45,573.40 35,996.30 35,100.54 34,194.36 33,272.93 32,335.88 24,954.84 24,437.20 23,958.88 23,458.70 22,936.24 16,904.99 16,570.80 16,222.52 15,857.17 15,474.61 10,741.62 10,508.32 10,264.61 10,008.18 9,739.08 5,898.15 5,754.91 5,605.17 5,447.36 5,281.75 2,444.76 2,377.34 2,306.92 2,231.93 2,152.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsured Claims 2,504.82 9,657.20 17,212.04 25,741.57 36,560.54 48,727.96 61,985.21 75,671.03 49,642.19 58,688.65 68,551.08 79,078.32 90,115.32 55,545.51 63,007.27 71,196.11 79,978.76 89,216.97 54,206.29 60,570.60 67,658.11 75,353.49 83,540.32 48,901.00 54,416.62 60,580.82 67,279.11 74,407.34 42,313.80 47,042.48 52,327.27 58,067.90 64,167.53 32,486.02 36,107.25 40,154.94 44,535.62 49,164.98 19,855.06 21,985.48 24,380.85 27,008.05 29,804.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Revenue 975,737.14 721,740.36 712,378.94 709,339.14 710,596.66 713,404.90 716,262.82 717,195.37 581,961.33 582,957.98 583,687.33 583,954.93 582,738.11 459,756.64 459,623.94 459,494.14 458,807.14 456,632.75 351,450.13 352,174.77 353,610.85 354,796.19 354,532.46 260,959.66 261,441.76 262,120.01 262,648.10 262,066.29 182,283.02 182,179.98 182,342.53 182,544.02 181,865.66 110,662.40 110,325.44 110,307.31 110,483.23 109,984.24 51,242.43 51,083.07 51,186.77 51,535.92 51,420.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Benefits and Expenses Paid Claims 5,009.64 19,314.40 34,424.08 51,483.14 73,121.08 97,455.92 123,970.42 151,342.05 99,284.38 117,377.29 137,102.17 158,156.64 180,230.64 111,091.02 126,014.54 142,392.22 159,957.52 178,433.94 108,412.58 121,141.20 135,316.22 150,706.98 167,080.64 97,801.99 108,833.25 121,161.64 134,558.22 148,814.67 84,627.59 94,084.97 104,654.55 116,135.80 128,335.06 64,972.04 72,214.50 80,309.89 89,071.24 98,329.97 39,710.12 43,970.97 48,761.69 54,016.10 59,608.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Reserve 231,444.10 190,886.74 161,290.74 131,278.15 111,051.18 92,360.91 71,213.99 25,099.60 59,373.12 45,134.08 28,039.10 14,217.27 -29,074.46 13,927.00 8,444.71 -6,342.22 -24,152.49 -63,106.74 -9,981.10 -17,003.47 -22,303.56 -38,174.57 -77,167.53 -30,113.46 -32,045.65 -40,488.68 -49,000.20 -84,150.61 -42,269.64 -43,385.52 -48,507.05 -53,007.18 -83,953.81 -40,608.08 -43,776.95 -42,114.61 -45,824.23 -69,024.65 -26,178.71 -27,205.72 -25,328.13 -25,380.35 -44,091.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Acquisition Expense 176,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Maintenance Expenses 80,000.00 75,543.83 72,272.85 69,889.26 68,017.69 66,378.24 64,819.97 63,247.47 54,311.53 53,078.06 51,836.64 50,582.06 49,313.23 41,657.08 40,678.57 39,691.83 38,692.10 37,678.37 31,185.50 30,557.54 30,003.63 29,426.27 28,824.55 22,973.62 22,544.81 22,098.40 21,630.98 21,142.11 15,947.49 15,613.77 15,265.19 14,898.86 14,514.64 9,663.97 9,432.78 9,191.06 8,936.65 8,669.89 4,445.02 4,322.44 4,194.40 4,058.05 3,914.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Commission 632,000.00 30,217.53 28,909.14 27,955.70 27,207.07 26,551.29 25,927.99 25,298.99 21,724.61 21,231.22 20,734.65 20,232.83 19,725.29 16,662.83 16,271.43 15,876.73 15,476.84 15,071.35 12,474.20 12,223.01 12,001.45 11,770.51 11,529.82 9,189.45 9,017.92 8,839.36 8,652.39 8,456.84 6,378.99 6,245.51 6,106.08 5,959.55 5,805.85 3,865.59 3,773.11 3,676.42 3,574.66 3,467.96 1,778.01 1,728.97 1,677.76 1,623.22 1,565.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Premium 316,000.00 299,688.34 287,651.00 278,721.58 271,325.34 264,532.12 257,817.64 251,013.70 202,224.08 197,333.54 192,394.18 187,381.56 182,293.58 143,985.19 140,402.15 136,777.44 133,091.70 129,343.51 99,819.38 97,748.81 95,835.52 93,834.78 91,744.97 67,619.97 66,283.18 64,890.09 63,428.67 61,898.46 42,966.46 42,033.28 41,058.45 40,032.72 38,956.30 23,592.62 23,019.65 22,420.67 21,789.44 21,127.01 9,779.04 9,509.36 9,227.67 8,927.71 8,610.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Benefits and Expenses 1,440,453.74 615,650.84 584,547.82 559,327.82 550,722.35 547,278.48 543,750.01 516,001.81 436,917.73 434,154.20 430,106.74 430,570.36 402,488.28 327,323.13 331,811.40 328,396.00 323,065.67 297,420.43 241,910.56 244,667.09 250,853.27 247,563.97 222,012.45 167,471.57 174,633.50 176,500.81 179,270.06 156,161.48 107,650.90 114,592.01 118,577.21 124,019.74 103,658.03 61,486.14 64,663.09 73,483.43 77,547.77 62,570.18 29,533.47 32,326.02 38,533.39 43,244.74 29,608.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Pre-tax Profit -464,716.60 106,089.53 127,831.12 150,011.32 159,874.31 166,126.42 172,512.80 201,193.56 145,043.59 148,803.78 153,580.59 153,384.57 180,249.83 132,433.51 127,812.54 131,098.14 135,741.47 159,212.32 109,539.57 107,507.68 102,757.58 107,232.23 132,520.01 93,488.09 86,808.26 85,619.20 83,378.05 105,904.82 74,632.13 67,587.98 63,765.33 58,524.28 78,207.63 49,176.26 45,662.35 36,823.88 32,935.46 47,414.06 21,708.96 18,757.06 12,653.38 8,291.18 21,812.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Taxes -162,650.81 37,131.33 44,740.89 52,503.96 55,956.01 58,144.25 60,379.48 70,417.75 50,765.26 52,081.32 53,753.21 53,684.60 63,087.44 46,351.73 44,734.39 45,884.35 47,509.51 55,724.31 38,338.85 37,627.69 35,965.15 37,531.28 46,382.00 32,720.83 30,382.89 29,966.72 29,182.32 37,066.69 26,121.24 23,655.79 22,317.86 20,483.50 27,372.67 17,211.69 15,981.82 12,888.36 11,527.41 16,594.92 7,598.14 6,564.97 4,428.68 2,901.91 7,634.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 After Tax Profit -302,065.79 68,958.19 83,090.23 97,507.36 103,918.30 107,982.17 112,133.32 130,775.81 94,278.34 96,722.46 99,827.39 99,699.97 117,162.39 86,081.78 83,078.15 85,213.79 88,231.95 103,488.01 71,200.72 69,879.99 66,792.43 69,700.95 86,138.01 60,767.26 56,425.37 55,652.48 54,195.73 68,838.13 48,510.88 43,932.19 41,447.46 38,040.78 50,834.96 31,964.57 29,680.53 23,935.52 21,408.05 30,819.14 14,110.82 12,192.09 8,224.70 5,389.27 14,177.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Required Capital 22,966.57 5,784.16 4,950.38 4,022.71 3,375.66 2,753.49 2,040.47 -1,635.73 1,740.90 1,261.38 684.93 218.04 -2,918.66 284.71 98.92 -399.57 -999.43 -3,612.92 -439.50 -666.78 -848.79 -1,385.03 -3,809.93 -1,076.73 -1,144.33 -1,430.66 -1,719.31 -3,780.27 -1,463.51 -1,503.01 -1,677.18 -1,830.52 -3,592.55 -1,389.56 -1,497.04 -1,442.99 -1,568.85 -2,888.54 -890.74 -925.76 -863.78 -866.39 -1,914.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Distributable Earnings -325,032.36 63,174.04 78,139.85 93,484.65 100,542.64 105,228.68 110,092.85 132,411.54 92,537.44 95,461.08 99,142.45 99,481.93 120,081.05 85,797.07 82,979.23 85,613.37 89,231.39 107,100.93 71,640.22 70,546.77 67,641.21 71,085.97 89,947.93 61,844.00 57,569.69 57,083.14 55,915.04 72,618.41 49,974.39 45,435.19 43,124.64 39,871.30 54,427.51 33,354.13 31,177.57 25,378.51 22,976.90 33,707.68 15,001.56 13,117.85 9,088.48 6,255.66 16,092.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Scenario 7 Model Income Statement Revenue 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 Premium 632,000.00 599,376.67 575,301.99 557,443.16 542,650.68 529,064.24 515,635.28 502,027.40 404,448.17 394,667.08 384,788.36 374,763.11 364,587.17 287,970.39 280,804.31 273,554.87 266,183.40 258,687.03 199,638.76 195,497.61 191,671.04 187,669.56 183,489.94 135,239.95 132,566.36 129,780.18 126,857.34 123,796.91 85,932.92 84,066.56 82,116.89 80,065.44 77,912.61 47,185.24 46,039.30 44,841.35 43,578.89 42,254.02 19,558.08 19,018.71 18,455.34 17,855.43 17,221.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Policy Fee 17,600.00 16,619.64 15,900.03 15,375.64 14,963.89 14,603.21 14,260.39 13,914.44 11,948.54 11,677.17 11,404.06 11,128.05 10,848.91 9,164.56 8,949.29 8,732.20 8,512.26 8,289.24 6,860.81 6,722.66 6,600.80 6,473.78 6,341.40 5,054.20 4,959.86 4,861.65 4,758.82 4,651.26 3,508.45 3,435.03 3,358.34 3,277.75 3,193.22 2,126.07 2,075.21 2,022.03 1,966.06 1,907.38 977.90 950.94 922.77 892.77 861.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Investment Income 6,360.27 17,637.31 26,710.11 34,248.66 40,491.85 45,730.38 49,939.60 52,357.56 54,472.01 57,159.74 59,037.73 60,116.71 59,677.77 59,233.23 59,802.12 59,847.16 59,049.82 56,753.03 54,824.52 54,122.25 53,101.69 51,533.89 48,520.46 45,716.27 44,106.77 42,229.04 39,913.06 36,446.80 33,155.20 30,939.66 28,562.84 25,937.30 22,377.69 19,139.09 16,957.30 14,736.51 12,462.75 9,480.09 7,005.52 5,625.50 4,267.41 2,956.45 1,150.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Allowance 316,000.00 74,922.08 71,912.75 69,680.39 67,831.34 66,133.03 64,454.41 62,753.43 50,556.02 49,333.39 48,098.55 46,845.39 45,573.40 35,996.30 35,100.54 34,194.36 33,272.93 32,335.88 24,954.84 24,437.20 23,958.88 23,458.70 22,936.24 16,904.99 16,570.80 16,222.52 15,857.17 15,474.61 10,741.62 10,508.32 10,264.61 10,008.18 9,739.08 5,898.15 5,754.91 5,605.17 5,447.36 5,281.75 2,444.76 2,377.34 2,306.92 2,231.93 2,152.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsured Claims 2,504.82 9,657.20 17,212.04 25,741.57 36,560.54 48,727.96 61,985.21 75,671.03 49,642.19 58,688.65 68,551.08 79,078.32 90,115.32 55,545.51 63,007.27 71,196.11 79,978.76 89,216.97 54,206.29 60,570.60 67,658.11 75,353.49 83,540.32 48,901.00 54,416.62 60,580.82 67,279.11 74,407.34 42,313.80 47,042.48 52,327.27 58,067.90 64,167.53 32,486.02 36,107.25 40,154.94 44,535.62 49,164.98 19,855.06 21,985.48 24,380.85 27,008.05 29,804.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Revenue 974,465.08 718,212.90 707,036.92 702,489.41 702,498.29 704,258.83 706,274.90 706,723.86 571,066.92 571,526.03 571,879.78 571,931.59 570,802.56 447,909.99 447,663.52 447,524.71 446,997.17 445,282.15 340,485.22 341,350.32 342,990.51 344,489.41 344,828.36 251,816.41 252,620.41 253,674.20 254,665.49 254,776.93 175,651.98 175,992.05 176,629.96 177,356.56 177,390.12 106,834.58 106,933.98 107,360.01 107,990.68 108,088.22 49,841.32 49,957.97 50,333.29 50,944.63 51,190.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Benefits and Expenses Paid Claims 5,009.64 19,314.40 34,424.08 51,483.14 73,121.08 97,455.92 123,970.42 151,342.05 99,284.38 117,377.29 137,102.17 158,156.64 180,230.64 111,091.02 126,014.54 142,392.22 159,957.52 178,433.94 108,412.58 121,141.20 135,316.22 150,706.98 167,080.64 97,801.99 108,833.25 121,161.64 134,558.22 148,814.67 84,627.59 94,084.97 104,654.55 116,135.80 128,335.06 64,972.04 72,214.50 80,309.89 89,071.24 98,329.97 39,710.12 43,970.97 48,761.69 54,016.10 59,608.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Reserve 231,444.10 190,886.74 161,290.74 131,278.15 111,051.18 92,360.91 71,213.99 25,099.60 59,373.12 45,134.08 28,039.10 14,217.27 -29,074.46 13,927.00 8,444.71 -6,342.22 -24,152.49 -63,106.74 -9,981.10 -17,003.47 -22,303.56 -38,174.57 -77,167.53 -30,113.46 -32,045.65 -40,488.68 -49,000.20 -84,150.61 -42,269.64 -43,385.52 -48,507.05 -53,007.18 -83,953.81 -40,608.08 -43,776.95 -42,114.61 -45,824.23 -69,024.65 -26,178.71 -27,205.72 -25,328.13 -25,380.35 -44,091.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Acquisition Expense 176,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Maintenance Expenses 80,000.00 75,543.83 72,272.85 69,889.26 68,017.69 66,378.24 64,819.97 63,247.47 54,311.53 53,078.06 51,836.64 50,582.06 49,313.23 41,657.08 40,678.57 39,691.83 38,692.10 37,678.37 31,185.50 30,557.54 30,003.63 29,426.27 28,824.55 22,973.62 22,544.81 22,098.40 21,630.98 21,142.11 15,947.49 15,613.77 15,265.19 14,898.86 14,514.64 9,663.97 9,432.78 9,191.06 8,936.65 8,669.89 4,445.02 4,322.44 4,194.40 4,058.05 3,914.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Commission 632,000.00 30,217.53 28,909.14 27,955.70 27,207.07 26,551.29 25,927.99 25,298.99 21,724.61 21,231.22 20,734.65 20,232.83 19,725.29 16,662.83 16,271.43 15,876.73 15,476.84 15,071.35 12,474.20 12,223.01 12,001.45 11,770.51 11,529.82 9,189.45 9,017.92 8,839.36 8,652.39 8,456.84 6,378.99 6,245.51 6,106.08 5,959.55 5,805.85 3,865.59 3,773.11 3,676.42 3,574.66 3,467.96 1,778.01 1,728.97 1,677.76 1,623.22 1,565.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Premium 316,000.00 299,688.34 287,651.00 278,721.58 271,325.34 264,532.12 257,817.64 251,013.70 202,224.08 197,333.54 192,394.18 187,381.56 182,293.58 143,985.19 140,402.15 136,777.44 133,091.70 129,343.51 99,819.38 97,748.81 95,835.52 93,834.78 91,744.97 67,619.97 66,283.18 64,890.09 63,428.67 61,898.46 42,966.46 42,033.28 41,058.45 40,032.72 38,956.30 23,592.62 23,019.65 22,420.67 21,789.44 21,127.01 9,779.04 9,509.36 9,227.67 8,927.71 8,610.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Benefits and Expenses 1,440,453.74 615,650.84 584,547.82 559,327.82 550,722.35 547,278.48 543,750.01 516,001.81 436,917.73 434,154.20 430,106.74 430,570.36 402,488.28 327,323.13 331,811.40 328,396.00 323,065.67 297,420.43 241,910.56 244,667.09 250,853.27 247,563.97 222,012.45 167,471.57 174,633.50 176,500.81 179,270.06 156,161.48 107,650.90 114,592.01 118,577.21 124,019.74 103,658.03 61,486.14 64,663.09 73,483.43 77,547.77 62,570.18 29,533.47 32,326.02 38,533.39 43,244.74 29,608.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Pre-tax Profit -465,988.65 102,562.07 122,489.10 143,161.59 151,775.94 156,980.34 162,524.88 190,722.05 134,149.19 137,371.83 141,773.05 141,361.23 168,314.28 120,586.86 115,852.11 119,128.71 123,931.50 147,861.71 98,574.67 96,683.23 92,137.24 96,925.45 122,815.92 84,344.84 77,986.91 77,173.40 75,395.43 98,615.46 68,001.09 61,400.05 58,052.76 53,336.82 73,732.09 45,348.44 42,270.89 33,876.57 30,442.91 45,518.04 20,307.85 17,631.96 11,799.89 7,699.89 21,582.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Taxes -163,096.03 35,896.72 42,871.19 50,106.56 53,121.58 54,943.12 56,883.71 66,752.72 46,952.22 48,080.14 49,620.57 49,476.43 58,910.00 42,205.40 40,548.24 41,695.05 43,376.03 51,751.60 34,501.13 33,839.13 32,248.04 33,923.91 42,985.57 29,520.69 27,295.42 27,010.69 26,388.40 34,515.41 23,800.38 21,490.02 20,318.47 18,667.89 25,806.23 15,871.96 14,794.81 11,856.80 10,655.02 15,931.32 7,107.75 6,171.18 4,129.96 2,694.96 7,553.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 After Tax Profit -302,892.63 66,665.34 79,617.92 93,055.03 98,654.36 102,037.22 105,641.18 123,969.33 87,196.98 89,291.69 92,152.48 91,884.80 109,404.28 78,381.46 75,303.87 77,433.66 80,555.48 96,110.11 64,073.53 62,844.10 59,889.21 63,001.54 79,830.35 54,824.15 50,691.49 50,162.71 49,007.03 64,100.05 44,200.71 39,910.03 37,734.29 34,668.93 47,925.86 29,476.49 27,476.08 22,019.77 19,787.89 29,586.73 13,200.10 11,460.77 7,669.93 5,004.93 14,028.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Required Capital 22,966.57 5,784.16 4,950.38 4,022.71 3,375.66 2,753.49 2,040.47 -1,635.73 1,740.90 1,261.38 684.93 218.04 -2,918.66 284.71 98.92 -399.57 -999.43 -3,612.92 -439.50 -666.78 -848.79 -1,385.03 -3,809.93 -1,076.73 -1,144.33 -1,430.66 -1,719.31 -3,780.27 -1,463.51 -1,503.01 -1,677.18 -1,830.52 -3,592.55 -1,389.56 -1,497.04 -1,442.99 -1,568.85 -2,888.54 -890.74 -925.76 -863.78 -866.39 -1,914.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Distributable Earnings -325,859.20 60,881.19 74,667.54 89,032.33 95,278.70 99,283.73 103,600.70 125,605.06 85,456.08 88,030.31 91,467.55 91,666.76 112,322.94 78,096.75 75,204.95 77,833.24 81,554.91 99,723.04 64,513.03 63,510.88 60,737.99 64,386.57 83,640.27 55,900.88 51,835.81 51,593.37 50,726.34 67,880.32 45,664.22 41,413.04 39,411.47 36,499.45 51,518.41 30,866.05 28,973.12 23,462.76 21,356.74 32,475.27 14,090.85 12,386.53 8,533.71 5,871.32 15,942.61 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Scenario 8 Model Income Statement Revenue 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 Premium 632,000.00 598,765.84 573,962.28 555,246.16 539,444.07 524,750.54 510,104.68 495,241.05 399,787.70 389,230.01 378,547.93 367,685.98 356,644.08 282,898.37 275,186.45 267,370.81 259,407.85 251,297.89 195,011.01 190,447.16 186,170.07 181,691.71 177,011.40 131,364.68 128,379.51 125,264.67 121,993.47 118,567.38 82,926.39 80,839.33 78,657.32 76,359.92 73,949.66 45,183.32 43,900.22 42,558.73 41,145.09 39,663.25 18,529.38 17,926.37 17,297.06 16,627.12 15,920.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Policy Fee 17,600.00 16,605.55 15,869.27 15,325.37 14,890.70 14,504.92 14,134.52 13,760.12 11,830.96 11,540.19 11,247.03 10,950.17 10,649.42 9,022.45 8,792.14 8,559.46 8,323.24 8,083.29 6,716.80 6,565.80 6,430.16 6,288.54 6,140.79 4,919.39 4,814.36 4,704.85 4,590.01 4,469.82 3,391.22 3,309.22 3,223.48 3,133.29 3,038.70 2,037.69 1,980.75 1,921.20 1,858.53 1,792.88 926.47 896.32 864.85 831.36 796.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Investment Income 6,764.81 18,804.89 28,568.97 36,806.73 43,743.33 49,576.05 54,202.25 56,668.83 58,868.68 61,882.49 63,973.44 65,111.07 64,408.42 63,806.99 64,516.91 64,606.60 63,733.98 61,088.27 58,921.66 58,269.03 57,217.23 55,511.22 52,118.42 49,059.61 47,471.21 45,541.32 43,078.67 39,246.85 35,707.63 33,495.16 31,050.78 28,265.35 24,339.37 20,844.29 18,648.43 16,349.44 13,911.24 10,583.33 7,851.66 6,422.87 4,968.26 3,494.46 1,369.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Allowance 316,000.00 74,845.73 71,745.28 69,405.77 67,430.51 65,593.82 63,763.09 61,905.13 49,973.46 48,653.75 47,318.49 45,960.75 44,580.51 35,362.30 34,398.31 33,421.35 32,425.98 31,412.24 24,376.38 23,805.90 23,271.26 22,711.46 22,126.42 16,420.58 16,047.44 15,658.08 15,249.18 14,820.92 10,365.80 10,104.92 9,832.16 9,544.99 9,243.71 5,647.91 5,487.53 5,319.84 5,143.14 4,957.91 2,316.17 2,240.80 2,162.13 2,078.39 1,990.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsured Claims 3,131.02 12,065.79 21,483.28 32,087.41 45,497.45 60,521.70 76,818.66 93,552.10 61,506.98 72,571.10 84,583.43 97,345.51 110,653.62 68,522.60 77,568.79 87,455.44 98,009.18 109,049.95 66,636.39 74,300.88 82,801.39 91,987.47 101,706.50 59,914.46 66,521.96 73,876.29 81,829.59 90,245.80 51,647.58 57,280.65 63,549.03 70,323.73 77,478.85 39,482.82 43,768.41 48,536.61 53,668.66 59,055.88 23,991.22 26,486.42 29,278.06 32,322.13 35,537.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Revenue 975,495.83 721,087.81 711,629.08 708,871.44 711,006.07 714,947.02 719,023.20 721,127.23 581,967.78 583,877.55 585,670.32 587,053.48 586,936.05 459,612.70 460,462.60 461,413.66 461,900.23 460,931.64 351,662.24 353,388.78 355,890.11 358,190.40 359,103.54 261,678.73 263,234.48 265,045.21 266,740.91 267,350.77 184,038.61 185,029.27 186,312.77 187,627.28 188,050.29 113,196.03 113,785.33 114,685.82 115,726.66 116,053.24 53,614.91 53,972.78 54,570.36 55,353.45 55,613.85 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Benefits and Expenses Paid Claims 6,262.04 24,131.59 42,966.56 64,174.82 90,994.91 121,043.39 153,637.32 187,104.21 123,013.97 145,142.19 169,166.87 194,691.01 221,307.24 137,045.20 155,137.59 174,910.88 196,018.36 218,099.90 133,272.77 148,601.77 165,602.79 183,974.95 203,413.00 119,828.93 133,043.92 147,752.58 163,659.17 180,491.59 103,295.16 114,561.30 127,098.05 140,647.47 154,957.71 78,965.64 87,536.82 97,073.23 107,337.33 118,111.77 47,982.45 52,972.84 58,556.12 64,644.26 71,074.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Reserve 247,116.20 204,779.83 174,191.40 145,485.14 123,733.50 102,732.63 77,041.61 21,132.49 66,612.23 50,553.94 30,901.71 13,666.31 -38,778.86 17,501.84 10,355.88 -6,497.05 -26,881.52 -73,935.03 -8,425.42 -16,616.43 -23,876.83 -41,926.55 -88,150.05 -29,042.01 -32,284.50 -42,251.83 -52,896.66 -94,447.87 -41,605.52 -43,919.55 -50,575.94 -57,113.96 -94,068.97 -40,464.21 -44,458.49 -44,452.70 -49,842.49 -78,403.25 -26,787.76 -28,480.84 -27,785.85 -29,221.18 -52,613.39 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Acquisition Expense 176,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Maintenance Expenses 80,000.00 75,479.79 72,133.04 69,660.76 67,685.00 65,931.44 64,247.82 62,545.98 53,777.08 52,455.43 51,122.87 49,773.50 48,406.47 41,011.14 39,964.27 38,906.66 37,832.91 36,742.23 30,530.90 29,844.56 29,228.00 28,584.27 27,912.68 22,360.87 21,883.48 21,385.68 20,863.68 20,317.35 15,414.63 15,041.92 14,652.18 14,242.25 13,812.26 9,262.22 9,003.39 8,732.72 8,447.84 8,149.43 4,211.22 4,074.18 3,931.15 3,778.89 3,618.38 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Commission 632,000.00 30,191.92 28,853.21 27,864.30 27,074.00 26,372.57 25,699.13 25,018.39 21,510.83 20,982.17 20,449.15 19,909.40 19,362.59 16,404.45 15,985.71 15,562.66 15,133.17 14,696.89 12,212.36 11,937.82 11,691.20 11,433.71 11,165.07 8,944.35 8,753.39 8,554.27 8,345.47 8,126.94 6,165.85 6,016.77 5,860.87 5,696.90 5,524.90 3,704.89 3,601.36 3,493.09 3,379.14 3,259.77 1,684.49 1,629.67 1,572.46 1,511.56 1,447.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Premium 316,000.00 299,382.92 286,981.14 277,623.08 269,722.04 262,375.27 255,052.34 247,620.52 199,893.85 194,615.01 189,273.96 183,842.99 178,322.04 141,449.19 137,593.22 133,685.40 129,703.93 125,648.94 97,505.51 95,223.58 93,085.04 90,845.85 88,505.70 65,682.34 64,189.75 62,632.33 60,996.73 59,283.69 41,463.19 40,419.66 39,328.66 38,179.96 36,974.83 22,591.66 21,950.11 21,279.36 20,572.55 19,831.62 9,264.69 8,963.19 8,648.53 8,313.56 7,960.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Benefits and Expenses 1,457,378.25 633,966.04 605,125.34 584,808.11 579,209.44 578,455.31 575,678.21 543,421.59 464,807.95 463,748.74 460,914.56 461,883.22 428,619.48 353,411.81 359,036.67 356,568.56 351,806.85 321,252.95 265,096.11 268,991.30 275,730.19 272,912.23 242,846.41 187,774.48 195,586.03 198,073.03 200,968.40 173,771.72 124,733.31 132,120.10 136,363.83 141,652.61 117,200.73 74,060.20 77,633.18 86,125.69 89,894.36 70,949.35 36,355.09 39,159.03 44,922.40 49,027.08 31,487.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Pre-tax Profit -481,882.42 87,121.77 106,503.73 124,063.33 131,796.63 136,491.71 143,344.99 177,705.64 117,159.83 120,128.81 124,755.76 125,170.26 158,316.58 106,200.89 101,425.93 104,845.11 110,093.39 139,678.69 86,566.12 84,397.47 80,159.92 85,278.17 116,257.12 73,904.25 67,648.44 66,972.18 65,772.51 93,579.06 59,305.30 52,909.17 49,948.94 45,974.68 70,849.56 39,135.83 36,152.15 28,560.12 25,832.30 45,103.89 17,259.82 14,813.75 9,647.95 6,326.37 24,126.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Taxes -168,658.85 30,492.62 37,276.31 43,422.17 46,128.82 47,772.10 50,170.75 62,196.98 41,005.94 42,045.08 43,664.52 43,809.59 55,410.80 37,170.31 35,499.07 36,695.79 38,532.69 48,887.54 30,298.14 29,539.12 28,055.97 29,847.36 40,689.99 25,866.49 23,676.96 23,440.26 23,020.38 32,752.67 20,756.85 18,518.21 17,482.13 16,091.14 24,797.35 13,697.54 12,653.25 9,996.04 9,041.31 15,786.36 6,040.94 5,184.81 3,376.78 2,214.23 8,444.24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 After Tax Profit -313,223.57 56,629.15 69,227.43 80,641.16 85,667.81 88,719.61 93,174.24 115,508.67 76,153.89 78,083.72 81,091.24 81,360.67 102,905.78 69,030.58 65,926.85 68,149.32 71,560.70 90,791.15 56,267.98 54,858.36 52,103.95 55,430.81 75,567.13 48,037.76 43,971.49 43,531.92 42,752.13 60,826.39 38,548.44 34,390.96 32,466.81 29,883.54 46,052.22 25,438.29 23,498.90 18,564.08 16,791.00 29,317.53 11,218.88 9,628.94 6,271.17 4,112.14 15,682.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Required Capital 23,476.12 6,231.11 5,360.83 4,473.05 3,772.45 3,070.08 2,203.84 -1,714.68 1,963.72 1,422.57 759.60 177.60 -3,170.91 390.62 148.58 -419.77 -1,106.44 -3,905.61 -398.11 -665.25 -913.60 -1,523.44 -4,111.80 -1,048.75 -1,160.67 -1,498.57 -1,859.13 -4,068.84 -1,446.86 -1,526.80 -1,752.73 -1,974.64 -3,881.66 -1,388.22 -1,523.52 -1,525.16 -1,707.46 -3,163.10 -912.76 -970.15 -947.90 -996.91 -2,166.76 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Distributable Earnings -336,699.69 50,398.04 63,866.60 76,168.11 81,895.36 85,649.53 90,970.40 117,223.35 74,190.17 76,661.16 80,331.64 81,183.06 106,076.68 68,639.96 65,778.27 68,569.09 72,667.14 94,696.76 56,666.09 55,523.61 53,017.55 56,954.25 79,678.93 49,086.51 45,132.16 45,030.48 44,611.26 64,895.23 39,995.31 35,917.76 34,219.55 31,858.18 49,933.88 26,826.51 25,022.42 20,089.24 18,498.46 32,480.63 12,131.65 10,599.09 7,219.07 5,109.05 17,848.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Scenario 9 Model Income Statement Revenue 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 Premium 632,000.00 597,238.76 570,624.01 549,794.26 531,526.98 514,163.12 496,624.62 478,828.12 388,443.42 376,073.08 363,543.65 350,790.21 337,828.12 270,714.17 261,770.98 252,698.48 243,446.48 234,026.96 184,007.86 178,512.57 173,257.12 167,761.95 162,036.25 122,234.51 118,577.44 114,765.74 110,770.21 106,600.80 75,914.46 73,363.35 70,701.94 67,908.02 64,991.26 40,567.45 39,004.50 37,376.52 35,668.79 33,890.80 16,195.18 15,468.60 14,714.79 13,916.56 13,082.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Policy Fee 17,600.00 16,570.33 15,792.60 15,200.53 14,709.78 14,263.25 13,826.99 13,385.72 11,544.04 11,207.73 10,868.12 10,523.70 10,174.52 8,679.94 8,415.43 8,147.82 7,875.73 7,599.17 6,373.19 6,193.67 6,027.81 5,854.71 5,674.45 4,600.78 4,472.52 4,338.81 4,198.74 4,052.53 3,117.12 3,016.97 2,912.39 2,802.66 2,688.03 1,833.61 1,764.21 1,691.89 1,616.10 1,537.23 809.76 773.43 735.74 695.83 654.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Investment Income 6,220.93 17,374.68 26,554.38 34,515.54 41,409.91 47,212.62 51,695.71 53,746.77 55,650.70 58,651.64 60,693.30 61,680.68 60,610.20 59,818.48 60,612.16 60,727.56 59,854.29 57,080.82 54,892.14 54,421.42 53,481.96 51,828.46 48,411.26 45,485.88 44,215.19 42,538.72 40,270.50 36,536.64 33,247.12 31,448.25 29,338.32 26,796.55 22,998.20 19,738.94 17,929.88 15,926.37 13,665.59 10,396.50 7,759.74 6,515.66 5,170.59 3,701.82 1,461.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Allowance 316,000.00 74,654.84 71,328.00 68,724.28 66,440.87 64,270.39 62,078.08 59,853.52 48,555.43 47,009.13 45,442.96 43,848.78 42,228.52 33,839.27 32,721.37 31,587.31 30,430.81 29,253.37 23,000.98 22,314.07 21,657.14 20,970.24 20,254.53 15,279.31 14,822.18 14,345.72 13,846.28 13,325.10 9,489.31 9,170.42 8,837.74 8,488.50 8,123.91 5,070.93 4,875.56 4,672.07 4,458.60 4,236.35 2,024.40 1,933.57 1,839.35 1,739.57 1,635.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsured Claims 4,696.53 18,077.29 32,106.00 47,797.04 67,491.13 89,346.85 112,790.23 136,539.06 90,257.45 105,973.06 122,860.60 140,593.61 158,838.38 99,483.89 112,055.56 125,654.25 140,001.01 154,806.99 95,916.50 106,392.24 117,892.54 130,174.72 142,991.72 85,537.61 94,450.18 104,269.54 114,761.85 125,708.97 73,050.71 80,542.35 88,789.07 97,589.16 106,742.90 55,259.67 60,865.08 67,029.47 73,571.87 80,323.14 33,099.85 36,277.88 39,789.01 43,560.94 47,465.96 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Revenue 976,517.46 723,915.91 716,404.99 716,031.66 721,578.67 729,256.23 737,015.63 742,353.18 594,451.04 598,914.64 603,408.64 607,436.97 609,679.74 472,535.74 475,575.51 478,815.42 481,608.32 482,767.31 364,190.67 367,833.97 372,316.57 376,590.08 379,368.21 273,138.10 276,537.51 280,258.53 283,847.58 286,224.04 194,818.73 197,541.34 200,579.46 203,584.90 205,544.31 122,470.61 124,439.24 126,696.32 128,980.95 130,384.02 59,888.94 60,969.14 62,249.48 63,614.72 64,300.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Benefits and Expenses Paid Claims 9,393.07 36,154.59 64,212.00 95,594.09 134,982.26 178,693.70 225,580.46 273,078.12 180,514.91 211,946.12 245,721.20 281,187.21 317,676.77 198,967.77 224,111.13 251,308.51 280,002.03 309,613.99 191,833.00 212,784.48 235,785.09 260,349.44 285,983.44 171,075.22 188,900.37 208,539.08 229,523.69 251,417.95 146,101.43 161,084.71 177,578.15 195,178.33 213,485.80 110,519.34 121,730.16 134,058.94 147,143.73 160,646.29 66,199.71 72,555.75 79,578.02 87,121.89 94,931.92 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Reserve 286,296.45 239,299.45 205,971.89 180,142.81 154,276.01 127,311.72 90,444.08 11,440.96 83,193.13 62,601.59 36,793.21 11,606.67 -61,429.15 24,994.21 13,846.12 -7,813.50 -33,975.85 -98,742.72 -5,780.50 -16,728.70 -28,457.25 -51,262.46 -112,940.53 -27,519.67 -33,772.12 -47,142.14 -62,392.04 -117,392.90 -40,935.05 -45,964.87 -55,978.13 -66,850.12 -116,239.68 -40,802.23 -46,640.28 -50,206.04 -59,082.93 -98,594.70 -28,517.09 -31,634.31 -33,400.89 -37,616.76 -70,405.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Acquisition Expense 176,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Maintenance Expenses 80,000.00 75,319.69 71,784.53 69,093.34 66,862.63 64,832.94 62,849.98 60,844.19 52,472.92 50,944.22 49,400.56 47,834.99 46,247.83 39,454.26 38,251.96 37,035.57 35,798.75 34,541.68 28,969.04 28,153.06 27,399.14 26,612.32 25,792.95 20,912.65 20,329.66 19,721.88 19,085.20 18,420.58 14,168.74 13,713.49 13,238.14 12,739.35 12,218.34 8,334.60 8,019.15 7,690.39 7,345.92 6,987.41 3,680.72 3,515.59 3,344.27 3,162.85 2,973.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Commission 632,000.00 30,127.87 28,713.81 27,637.34 26,745.05 25,933.17 25,139.99 24,337.68 20,989.17 20,377.69 19,760.23 19,133.99 18,499.13 15,781.70 15,300.78 14,814.23 14,319.50 13,816.67 11,587.62 11,261.23 10,959.66 10,644.93 10,317.18 8,365.06 8,131.86 7,888.75 7,634.08 7,368.23 5,667.50 5,485.40 5,295.26 5,095.74 4,887.34 3,333.84 3,207.66 3,076.16 2,938.37 2,794.97 1,472.29 1,406.24 1,337.71 1,265.14 1,189.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Premium 316,000.00 298,619.38 285,312.01 274,897.13 265,763.49 257,081.56 248,312.31 239,414.06 194,221.71 188,036.54 181,771.83 175,395.11 168,914.06 135,357.09 130,885.49 126,349.24 121,723.24 117,013.48 92,003.93 89,256.28 86,628.56 83,880.98 81,018.12 61,117.26 59,288.72 57,382.87 55,385.11 53,300.40 37,957.23 36,681.68 35,350.97 33,954.01 32,495.63 20,283.73 19,502.25 18,688.26 17,834.39 16,945.40 8,097.59 7,734.30 7,357.40 6,958.28 6,541.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Benefits and Expenses 1,499,689.51 679,520.98 655,994.23 647,364.70 648,629.45 653,853.09 652,326.81 609,115.00 531,391.83 533,906.16 533,447.03 535,157.97 489,908.64 414,555.02 422,395.48 421,694.04 417,867.67 376,243.10 318,613.08 324,726.35 332,315.20 330,225.20 290,171.17 233,950.52 242,878.49 246,390.43 249,236.04 213,114.26 162,959.84 171,000.40 175,484.39 180,117.31 146,847.42 101,669.27 105,818.94 113,307.71 116,179.48 88,779.37 50,933.22 53,577.57 58,216.50 60,891.40 35,230.24 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Pre-tax Profit -523,172.05 44,394.93 60,410.75 68,666.96 72,949.22 75,403.14 84,688.82 133,238.19 63,059.21 65,008.48 69,961.60 72,279.00 119,771.10 57,980.72 53,180.03 57,121.38 63,740.65 106,524.21 45,577.58 43,107.62 40,001.38 46,364.88 89,197.05 39,187.58 33,659.03 33,868.10 34,611.53 73,109.78 31,858.89 26,540.94 25,095.07 23,467.59 58,696.88 20,801.33 18,620.30 13,388.60 12,801.47 41,604.66 8,955.71 7,391.57 4,032.98 2,723.32 29,069.79 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Taxes -183,110.22 15,538.23 21,143.76 24,033.44 25,532.23 26,391.10 29,641.09 46,633.36 22,070.72 22,752.97 24,486.56 25,297.65 41,919.89 20,293.25 18,613.01 19,992.48 22,309.23 37,283.47 15,952.15 15,087.67 14,000.48 16,227.71 31,218.97 13,715.65 11,780.66 11,853.83 12,114.04 25,588.42 11,150.61 9,289.33 8,783.28 8,213.65 20,543.91 7,280.47 6,517.10 4,686.01 4,480.51 14,561.63 3,134.50 2,587.05 1,411.54 953.16 10,174.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 After Tax Profit -340,061.83 28,856.70 39,266.99 44,633.52 47,417.00 49,012.04 55,047.73 86,604.82 40,988.49 42,255.51 45,475.04 46,981.35 77,851.22 37,687.47 34,567.02 37,128.90 41,431.42 69,240.73 29,625.43 28,019.95 26,000.90 30,137.17 57,978.08 25,471.93 21,878.37 22,014.26 22,497.50 47,521.36 20,708.28 17,251.61 16,311.80 15,253.93 38,152.97 13,520.87 12,103.19 8,702.59 8,320.95 27,043.03 5,821.21 4,804.52 2,621.44 1,770.16 18,895.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Required Capital 24,750.00 7,341.64 6,371.91 5,571.60 4,727.93 3,820.13 2,578.42 -1,910.73 2,473.21 1,779.31 908.97 59.87 -3,761.43 610.38 233.61 -496.59 -1,377.35 -4,577.65 -333.14 -693.84 -1,092.86 -1,862.74 -4,793.99 -1,014.80 -1,228.20 -1,680.79 -2,196.11 -4,711.80 -1,436.18 -1,607.49 -1,946.32 -2,313.68 -4,514.22 -1,406.65 -1,603.89 -1,725.37 -2,024.55 -3,752.30 -973.84 -1,078.96 -1,139.27 -1,281.42 -2,690.82 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Distributable Earnings -364,811.84 21,515.07 32,895.08 39,061.92 42,689.07 45,191.92 52,469.31 88,515.55 38,515.28 40,476.21 44,566.07 46,921.48 81,612.65 37,077.08 34,333.41 37,625.49 42,808.77 73,818.39 29,958.57 28,713.79 27,093.76 31,999.91 62,772.07 26,486.73 23,106.56 23,695.05 24,693.61 52,233.16 22,144.45 18,859.10 18,258.12 17,567.61 42,667.19 14,927.51 13,707.08 10,427.97 10,345.51 30,795.33 6,795.05 5,883.48 3,760.71 3,051.58 21,586.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Scenario 10 Model Income Statement Revenue 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 Premium 632,000.00 595,711.68 567,301.50 544,400.02 523,750.24 503,851.42 483,625.47 463,174.98 377,523.38 363,513.71 349,350.79 334,967.88 320,400.69 259,202.96 249,202.70 239,077.90 228,777.87 218,329.32 173,763.48 167,497.30 161,450.58 155,157.33 148,639.30 113,844.43 109,650.43 105,297.12 100,757.01 96,050.35 69,564.33 66,657.88 63,641.16 60,493.38 57,232.51 36,455.97 34,689.91 32,862.31 30,959.55 28,997.18 14,164.01 13,355.94 12,524.68 11,651.76 10,750.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Policy Fee 17,600.00 16,535.11 15,716.25 15,076.90 14,531.76 14,027.28 13,529.42 13,027.05 11,266.87 10,888.97 10,507.83 10,121.84 9,731.46 8,354.78 8,060.54 7,763.24 7,461.43 7,155.46 6,051.65 5,848.23 5,657.53 5,459.25 5,253.76 4,306.64 4,159.58 4,006.76 3,847.36 3,681.88 2,867.99 2,753.76 2,635.02 2,511.11 2,382.59 1,651.46 1,572.95 1,491.64 1,407.06 1,319.85 708.20 667.80 626.23 582.59 537.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Investment Income 4,393.76 12,311.98 18,892.01 24,700.38 29,813.58 34,105.86 37,352.43 38,666.57 39,924.21 42,116.61 43,576.40 44,209.59 43,238.64 42,552.42 43,144.31 43,207.76 42,533.90 40,423.10 38,787.35 38,488.01 37,812.81 36,590.90 34,060.44 31,957.81 31,131.71 29,980.68 28,375.00 25,673.38 23,360.62 22,192.63 20,764.51 18,987.21 16,261.44 13,974.11 12,793.91 11,435.23 9,845.04 7,487.91 5,606.69 4,765.06 3,821.85 2,751.75 1,088.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Allowance 316,000.00 74,463.96 70,912.69 68,050.00 65,468.78 62,981.43 60,453.18 57,896.87 47,190.42 45,439.21 43,668.85 41,870.99 40,050.09 32,400.37 31,150.34 29,884.74 28,597.23 27,291.16 21,720.44 20,937.16 20,181.32 19,394.67 18,579.91 14,230.55 13,706.30 13,162.14 12,594.63 12,006.29 8,695.54 8,332.24 7,955.15 7,561.67 7,154.06 4,557.00 4,336.24 4,107.79 3,869.94 3,624.65 1,770.50 1,669.49 1,565.59 1,456.47 1,343.83 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsured Claims 6,262.04 24,074.53 42,649.89 63,287.27 88,994.71 117,252.91 147,226.01 177,182.04 117,753.42 137,596.11 158,700.78 180,605.50 202,842.64 128,445.71 143,978.21 160,608.17 177,948.98 195,603.81 122,806.99 135,536.50 149,369.71 163,970.63 178,999.04 108,647.54 119,335.10 130,991.00 143,296.66 155,954.53 91,945.06 100,801.34 110,444.66 120,603.35 131,007.83 68,838.99 75,353.45 82,433.28 89,839.96 97,349.08 40,660.54 44,253.71 48,172.50 52,317.48 56,518.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Revenue 976,255.80 723,097.26 715,472.34 715,514.56 722,559.07 732,218.90 742,186.51 749,947.50 593,658.29 599,554.62 605,804.64 611,775.80 616,263.51 470,956.23 475,536.09 480,541.81 485,319.42 488,802.85 363,129.91 368,307.20 374,471.95 380,572.77 385,532.46 272,986.98 277,983.12 283,437.70 288,870.66 293,366.44 196,433.54 200,737.85 205,440.49 210,156.73 214,038.42 125,477.52 128,746.46 132,330.25 135,921.56 138,778.66 62,909.94 64,711.99 66,710.84 68,760.04 70,238.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Benefits and Expenses Paid Claims 12,524.09 48,149.07 85,299.78 126,574.54 177,989.42 234,505.81 294,452.02 354,364.07 235,506.84 275,192.21 317,401.55 361,211.01 405,685.27 256,891.41 287,956.43 321,216.35 355,897.96 391,207.62 245,613.98 271,073.01 298,739.41 327,941.25 357,998.08 217,295.08 238,670.20 261,982.01 286,593.33 311,909.06 183,890.11 201,602.69 220,889.32 241,206.71 262,015.65 137,677.98 150,706.90 164,866.56 179,679.93 194,698.16 81,321.07 88,507.42 96,345.00 104,634.95 113,036.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Reserve 325,476.69 273,514.64 237,084.14 213,591.60 183,200.45 150,036.19 102,268.92 2,059.56 97,737.62 72,660.52 41,038.13 8,685.98 -81,983.07 30,613.52 15,696.48 -10,282.70 -41,369.16 -120,669.91 -4,699.69 -18,169.15 -33,792.86 -60,476.37 -134,383.34 -27,417.06 -36,318.63 -52,560.48 -71,502.48 -136,854.99 -41,446.50 -48,818.41 -61,576.30 -75,840.84 -134,561.95 -41,939.19 -49,327.86 -55,750.89 -67,245.72 -114,799.39 -30,435.91 -34,671.58 -38,297.40 -44,491.75 -83,980.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Acquisition Expense 176,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Maintenance Expenses 80,000.00 75,159.58 71,437.50 68,531.35 66,053.47 63,760.37 61,497.36 59,213.85 51,213.03 49,495.34 47,762.86 46,008.36 44,233.91 37,976.26 36,638.81 35,287.45 33,915.61 32,524.81 27,507.49 26,582.85 25,716.05 24,814.77 23,880.75 19,575.66 18,907.16 18,212.54 17,487.99 16,735.84 13,036.30 12,517.07 11,977.36 11,414.14 10,829.94 7,506.65 7,149.78 6,780.17 6,395.74 5,999.30 3,219.09 3,035.44 2,846.52 2,648.13 2,443.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Commission 632,000.00 30,063.83 28,575.00 27,412.54 26,421.39 25,504.15 24,598.95 23,685.54 20,485.21 19,798.14 19,105.15 18,403.34 17,693.57 15,190.50 14,655.52 14,114.98 13,566.24 13,009.92 11,003.00 10,633.14 10,286.42 9,925.91 9,552.30 7,830.26 7,562.87 7,285.02 6,995.20 6,694.33 5,214.52 5,006.83 4,790.94 4,565.66 4,331.98 3,002.66 2,859.91 2,712.07 2,558.30 2,399.72 1,287.64 1,214.18 1,138.61 1,059.25 977.33 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Reinsurance Premium 316,000.00 297,855.84 283,650.75 272,200.01 261,875.12 251,925.71 241,812.73 231,587.49 188,761.69 181,756.86 174,675.39 167,483.94 160,200.34 129,601.48 124,601.35 119,538.95 114,388.94 109,164.66 86,881.74 83,748.65 80,725.29 77,578.67 74,319.65 56,922.21 54,825.21 52,648.56 50,378.50 48,025.17 34,782.17 33,328.94 31,820.58 30,246.69 28,616.25 18,227.98 17,344.96 16,431.16 15,479.77 14,498.59 7,082.01 6,677.97 6,262.34 5,825.88 5,375.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Total Benefits and Expenses 1,542,000.78 724,742.96 706,047.18 708,310.04 715,539.84 725,732.24 724,629.99 670,910.50 593,704.39 598,903.07 599,983.08 601,792.63 545,830.02 470,273.17 479,548.59 479,875.03 476,399.58 425,237.10 366,306.51 373,868.49 381,674.32 379,784.23 331,367.44 274,206.16 283,646.81 287,567.65 289,952.55 246,509.42 195,476.60 203,637.13 207,901.90 211,592.36 171,231.88 124,476.09 128,733.69 135,039.06 136,868.02 102,796.37 62,473.90 64,763.43 68,295.07 69,676.46 37,851.81 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Pre-tax Profit -565,744.98 -1,645.71 9,425.16 7,204.53 7,019.23 6,486.66 17,556.53 79,036.99 -46.10 651.55 5,821.56 9,983.17 70,433.49 683.06 -4,012.50 666.78 8,919.84 63,565.75 -3,176.61 -5,561.29 -7,202.36 788.54 54,165.03 -1,219.18 -5,663.69 -4,129.95 -1,081.89 46,857.02 956.94 -2,899.28 -2,461.41 -1,435.63 42,806.55 1,001.43 12.77 -2,708.81 -946.46 35,982.29 436.04 -51.44 -1,584.22 -916.42 32,386.91 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Taxes -198,010.74 -576.00 3,298.81 2,521.59 2,456.73 2,270.33 6,144.78 27,662.95 -16.13 228.04 2,037.55 3,494.11 24,651.72 239.07 -1,404.37 233.37 3,121.94 22,248.01 -1,111.81 -1,946.45 -2,520.83 275.99 18,957.76 -426.71 -1,982.29 -1,445.48 -378.66 16,399.96 334.93 -1,014.75 -861.49 -502.47 14,982.29 350.50 4.47 -948.08 -331.26 12,593.80 152.61 -18.00 -554.48 -320.75 11,335.42 0.00 0.00 0.00 0.00 0.00 0.00 0.00 After Tax Profit -367,734.24 -1,069.71 6,126.35 4,682.94 4,562.50 4,216.33 11,411.74 51,374.05 -29.96 423.51 3,784.01 6,489.06 45,781.77 443.99 -2,608.12 433.41 5,797.90 41,317.74 -2,064.79 -3,614.84 -4,681.54 512.55 35,207.27 -792.47 -3,681.40 -2,684.47 -703.23 30,457.06 622.01 -1,884.53 -1,599.92 -933.16 27,824.26 650.93 8.30 -1,760.73 -615.20 23,388.49 283.43 -33.43 -1,029.74 -595.67 21,051.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Increase in Required Capital 26,023.88 8,442.36 7,361.66 6,631.75 5,632.63 4,513.24 2,907.22 -2,104.90 2,918.88 2,074.85 1,009.83 -78.72 -4,299.88 771.82 268.90 -605.92 -1,651.16 -5,173.86 -316.49 -762.18 -1,291.87 -2,191.54 -5,385.30 -1,024.99 -1,327.26 -1,876.14 -2,514.97 -5,257.22 -1,462.33 -1,712.11 -2,142.86 -2,623.62 -5,035.49 -1,449.89 -1,698.99 -1,916.09 -2,302.71 -4,222.55 -1,040.19 -1,182.68 -1,305.22 -1,513.46 -3,086.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Distributable Earnings -393,758.12 -9,512.07 -1,235.31 -1,948.81 -1,070.14 -296.91 8,504.52 53,478.94 -2,948.85 -1,651.34 2,774.18 6,567.79 50,081.65 -327.83 -2,877.02 1,039.33 7,449.06 46,491.60 -1,748.30 -2,852.66 -3,389.66 2,704.10 40,592.57 232.52 -2,354.14 -808.33 1,811.75 35,714.29 2,084.34 -172.42 542.94 1,690.46 32,859.75 2,100.82 1,707.29 155.36 1,687.51 27,611.04 1,323.62 1,149.25 275.47 917.78 24,137.93 0.00 0.00 0.00 0.00 0.00 0.00 0.00

I need help with question 6 -10. Check the attached file. Do

I need help with question 6 -10. Check the attached file. Do not bid if you have not read the instructions in the attached files.

Question Hi again. I have similar to the one i had last time.

Hi again. I have similar to the one i had last time. Research-planning a practical investigation–BiologyResearch- carrying out a practical investigation ( Biology)

Personal SWOT Analysis for Success in Real Estate

Instructions: Write a 4 to 6 page paper (not including title page or reference page) in APA Format.Your paper must be written in 12 Point Arial or Times New Roman font. A minimum of 3 References required. For this Assignment you will perform a Personal SWOT Analysis to examine your potential skills as a Licensed Real Estate Agent.(SWOT = Strengths – Weaknesses – Opportunities – Threats)Please review Chapters 1, 4, 12, 13, 17, and 18. The various characteristics and skills needed to be a successful Real Estate Agent are discussed or mentioned in these chapters. You may use the textbook for this course as one of your references. If you are unfamiliar with how to conduct a SWOT analysis, here are some excellent resources to assist you:https://youtu.be/PBOtnyt7BP4 Once you are familiar with how to conduct a SWOT analysis, write your own for your paper. You do need an introduction and a conclusion paragraph. Please separate your SWOT into 4 sections: Strengths, Weaknesses, Opportunities, and Threats. If you create a chart outlining these four areas you may include the chart as a diagram. **Do not just create a list. The paper must include complete sentences in fully formed paragraphs. Requirements:Cover PageSWOT Analysis (4 page minimum)APA formatting required – there should be research for this assignment.Reference Page Submission Instructions:Submit in the Assignments area of the classroom. This assignment must be submitted as a Word document attachment only. All other attachments will be graded as a zero.

Question This scenario allows you to incorporate the concept of intersectionality as you

This scenario allows you to incorporate the concept of intersectionality as you consider the identities of each participant in this case study.It takes place at work among a group of fellow employees. As part of this case study, we will take a look at the interaction between a few employees and how these interactions reflect, challenge, or complicate their intersectional identities. To help assess the situation, you will write a response where you consider the approach to take when the behavior of some employees is deemed inappropriate by another employee. What is the importance of each person’s multiple identities in this situation?Scenario:You are an employee who overhears conversations among your coworkers. While on break, two male coworkers, Robert and Henry, usually go outside by themselves to talk and smoke a cigarette. Robert is African-American and Henry is Hispanic. One day, Shirley is also outside and overhears bits and pieces of their conversation. Shirley, who is a white woman, is concerned that they regularly have conversations that are inappropriate for the workplace. She says that she overheard these coworkers making crude sexual references about women, sharing images and graphics of a sexist nature on their cell phones.The matter is brought to the attention of their supervisor, Allen, who is white and male. Allen is also gay. Allen tells Robert and Henry that he is concerned about a potential gender bias in the workplace that makes gender and sexual minorities feel unsafe.Robert makes a comment to Allen that their conversation was private and that Shirley was not invited into the conversation. He further states that white women are always inserting themselves into other people’s business. He feels that he and Henry are being called out on their behavior because they hold lower paid jobs in the organization.Shirley replies that as one of the few females in the organization, she is often made to feel unsafe in her work environment and that as the only woman involved in this meeting, she feels as though no one is listening to her point of view.Assignment: You have been hired as a consultant to this company and have been asked advice on how to handle the situation.You will need to incorporate a discussion of intersectionality into your response. Refer to Chapter 14.3 Workplace Identities, Interactions, and Inequalities to inform your response.In a 500-word (minimum) essay using the concepts that you learned from this week’s readings, analyze the different ways that sexist behavior is handled in the formal and informal bureaucracy. Address the following items in your essay.What are the power dynamics in this situation related to the statuses of racial, gender, and sexual identities?How is each person’s point of view valid?What would you propose as a resolution?Don’t forget to submit your assignment.RubricIntersectionality Case Study Grading Rubric Intersectionality Case Study Grading Rubric CriteriaRatingsPts This criterion is linked to a Learning OutcomeUnderstanding Demonstrate an understanding of how the course concepts of identities, interactions, and inequalities apply to the situation.40.0 pts Full Marks0.0 pts No Marks40.0 pts This criterion is linked to a Learning OutcomeAnalysis Apply concepts from the course material correctly toward resolving the problem.40.0 pts Full Marks0.0 pts No Marks40.0 pts This criterion is linked to a Learning OutcomeExecution Write your answer clearly and succinctly using complete sentences and paragraphs and proper grammar. Use citations correctly.20.0 pts Full Marks0.0 pts No Marks20.0 pts

Question ‘To increase the percentage of pupils meeting and exceeding the expected standard

‘To increase the percentage of pupils meeting and exceeding the expected standard in Reading by improving Guided Reading across the school.’ Access to the all documents from the course can be found at this web page:https://drive.google.com/drive/folders/13Vqm6UvYiN0seau1CgssrpHlH2IJ2xy7I have attached the school data for the the 17-18 academic year. The academic data for this year is not available yet but it needs to show that the guided reading project implemented has had positive effect on it.

Question Principles of Business and Corporation Law *ILAC: Issues, Law, Application, Conclusion

Principles of Business and Corporation Law *ILAC: Issues, Law, Application, Conclusion

Discuss whether each of the following claims is “arguable.” Explain

Question Discuss whether each of the following claims is “arguable.” Explain why each is or is not arguable. For the claims that are not arguable, alter them enough to make them arguable.I much prefer reading on a tablet or computer than reading from a book.Childhood obesity is one of the most important issues facing the United States.The increase in school violence and bullying is due to the popularity of violent video games.

Winning the Race for Talent in Emerging Markets,

You will need to turn in on each date indicated below, a three full-page paper (typed, double spaced, normal margins, and a #12 font) summarizing the article for that day and addressing the issue for that article noted in the list below. Please note that during the review of the article in class, I will randomly choose students to summarize their original ideas for us. Partial papers (shorter than three pages) will receive partial credit. Each article should be written on 3 pages and 3 resourcesPlease note that I don’t accept late papers.#1 article #2, Winning the Race for Talent in Emerging Markets, Provide me with a brief synopsis (short cumulative review) of the article and then address this issue: do effective recruiting tactics vary by culture? Will you find possible variations even within a culture, such as within the United States? (the essay should be on what you think about the issue which is “do effective recruiting tactics vary by culture? Will you find possible variations even within a culture, such as within the United States?” and you also have to say why you think that. Here is the link for the article https://hbr.org/2008/11/winning-the-race-for-talent-in-emerging-markets

Question Aim: To critically assess the role played by encryption in enabling criminality

Aim: To critically assess the role played by encryption in enabling criminality and the issues it presents to law enforcement. Objectives: Evaluate the challenges posed to law enforcement by encryption in dealing with contemporary criminal cases; Explore the challenges that would be posed by legislating for the removal of encryption; and   Consider solutions to the problems posed by encryption and what law enforcement and security developers should consider moving forward.

You have been asked by management to secure the laptop computer of

You have been asked by management to secure the laptop computer of an individual who was just dismissed from the company under unfavorable circumstances. Describe how you would start this incident off correctly by properly protecting and securing the evidence on the laptop.

I need help answering this questions in my homework. ATTACHMENT

Question I need help answering this questions in my homework. ATTACHMENT PREVIEW Download attachment Screenshot_20190807-181750_WhatsApp.jpg Name 1. Classify the following ODEs by their Order, Linear (L) or Non-Linear(NL), Homogeneous(H) or Non- Homogeneous (NH), and Separable (S) or Non-Separable(NS) 1. (1)’ – 3yy xy = sing 2.

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