AG 38 reserve calculation — ag38_reserve

Computes the prefunding ratio, net additional amount, reduced deficiency reserve, intermediate reserve, and increased basic reserve.

Usage

ag38_reserve_ul(
  basic_reserve,
  deficiency_reserve = 0,
  excess_payment,
  nsp_required,
  valuation_nsp,
  surrender_charge = 0
)

Arguments

basic_reserve: Nonnegative basic reserve.
deficiency_reserve: Nonnegative deficiency reserve.
excess_payment: Nonnegative excess payment or shadow-fund amount.
nsp_required: Positive net single premium required to fully fund the guarantee.
valuation_nsp: Nonnegative valuation net single premium.
surrender_charge: Nonnegative surrender charge.

Value

For scalar inputs, a named list. For vectorized inputs, a data frame containing the same calculated quantities.

Details

Scalar inputs preserve the original named-list output. Vectorized inputs return a data frame with one row per calculation.

Examples

ag38_reserve_ul(
  basic_reserve = 10000,
  deficiency_reserve = 0,
  excess_payment = 60000,
  nsp_required = 100000,
  valuation_nsp = 150000,
  surrender_charge = 5000
)
#> $prefunding_ratio
#> [1] 0.6
#> 
#> $net_amount_additional
#> [1] 84000
#> 
#> $reduced_deficiency_reserve
#> [1] 0
#> 
#> $step8_reserve
#> [1] 89000
#> 
#> $increased_basic_reserve
#> [1] 89000
#> 
#> $final_reserve
#> [1] 89000
#>