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a.) With total assets of €242 million and total liabilities of €275 million, what is FarmInsure’s policyholders’ surplus?

a.) With total assets of €242 million and total liabilities of €275 million, what is FarmInsure’s policyholders’ surplus?

a.) FarmInsure Plus is the company’s main insurance product and it is sold to 35,000 farmers in Ireland. FarmInsure has incurred losses and loss-adjustment expenses of €1,750,000 for this product over a 1-year period. What is the pure premium for FarmInsure Plus?