Analyze and interpret gains by source.

Free SOA Exam ALTAM (Advanced Long-Term Actuarial Mathematics) lesson in Profit Analysis. 40 min read, ~6,000 words.

Total gain splits into interest, expense, mortality, and withdrawal pieces that sum to the same total no matter the order chosen. Order matters per line. Standard order is interest, expense, mortality, withdrawal, with each step using actual for prior items and expected for later ones. Interest gain equals; expense stays...