Are these listed items from the wiki meant to be everything that is on the Balance Sheet that comes from Schedule F?
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assets (the asset side of the balance sheet has 1 line item from Schedule F)
- line 16.1: amounts recoverable from reinsurers (from Schedule F, Part 3)
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liabilities (the liability side of the balance sheet has 5 line items from Schedule F)
- line 2: reinsurance payable on paid losses and loss adjustment expenses (from Schedule F, Part 1)
- line 9: unearned premiums for ceded reinsurance (from Schedule F, Part 3)
- line 12: ceded reinsurance premiums payable net of ceding commissions (from Schedule F, Part 3)
- line 13: funds held by company under reinsurance treaties (from Schedule F, Part 3)
- line 16: provision for reinsurance (from Schedule F, Part 3)
Because looking at both the balance sheet and Schedule F, there’s another item (funds held by or deposited with reinsured companies) that is not included in the above list. I noticed in the problems where you restate the balance sheet as if there was no reinsurance that there is no reversal or change made to this item either. Can you explain why that is? Wouldn’t it make sense that with no reinsurance, the insurer would not have deposited that money with the reinsurer so it would decrease to 0?