Message Font: Serif | Sans-Serif
No. of Recommendations: 1
The pre-tax loss from casualty business included $105 million in workers' compensation:

reserve discount accretion (credit liability/debit claims-expense); or, (credit increase in reserve to debit increase in deferred charge asset for retro-contracts); and

deferred charge amortization (credit retro-asset?, debit claims-expense); as well as,

legal costs (credit cash, debit lawyer-expense)... associated with ongoing regulatory investigations.

The only part that resembles retroactive insurance could be the deferred charge amortization; it makes sense to me it is part of AU acquisition. Not sure.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.