Completing and Using Schedule P

Schedule P is a complex document, requiring careful preparation for its completion and sophisticated analysis for its use. This paper proceeds step by step through each section of Schedule P, explaining the requirements for each column, showing the cross checks with other Parts of the Schedule and with other exhibits in the Annual Statement, suggesting methods to facilitate the completion of the Schedule, and demonstrating the reserve adequacy analyses that can be performed with these data. This paper should simplify the task of completing your own company’s Schedule P and deepen the rewards of analyzing those of your peer companies.”