CFA II Financial Statement Analysis Module 4: Analysis of Financial Institutions

CFA Level II FRA
#1

This refers to CFA II Financial Statement Analysis Module 4: Analysis of Financial Institutions.

In exhibit 29 page 258, the loss expense and loss adjustment expense of Travelers Companies is given as $15070. Is it possible to calculate this from the information in Exhibit 28 (p. 255- 256)? And, if so, how should we calculate it? Thanks!

#2

I think they took the number from the co/s 10k. There is no recocilation in the accounts between that the “14,995” we see in exhibit 28. I would imagine the difference is the portion of general expenses that are allocated to claim settlement expenses.