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| rev | Admin | (Created page with "Since policies are assumed to be written evenly throughout the year, the earned premium at current rates for policy year 1 equals the earned premium, $1,400,000, multiplied by (6/12)*1.03*1.05 + (6/12)*1.03 = 1.05575 or $1,478,050. The midpoint of the experience period is the end of calendar year 1 and the midpoint of the forecast period is the end of calendar year 3; hence the loss trend factor equals 1.03<sup>2</sup> = 1.0609 and the projection for the ultimate inf...") | Jul 25'24 at 19:51 | +859 |