1 00:00:00,630 --> 00:00:06,150 This quiz has seven questions once you build the report out, answering them is pretty quick and painless. 2 00:00:06,310 --> 00:00:07,440 So let's get through it. 3 00:00:08,220 --> 00:00:13,710 Question one, how much premium was collected in the third quarter of twenty nineteen for the auto line 4 00:00:13,710 --> 00:00:14,300 of business? 5 00:00:14,850 --> 00:00:19,950 This question simply asks for you to navigate into your date hierarchy and look for the third quarter 6 00:00:19,950 --> 00:00:22,140 and then determine the amount of premium collected. 7 00:00:22,650 --> 00:00:27,330 This required your premium to be properly calibrated as being delayed by three months. 8 00:00:27,570 --> 00:00:33,930 And so the six to one oh five eight answer would show up in Q2 of twenty nineteen based strictly on 9 00:00:33,930 --> 00:00:34,800 effective dates. 10 00:00:35,880 --> 00:00:41,480 Question to what is the first date at which the company has a positive amount of cash on hand? 11 00:00:42,270 --> 00:00:44,790 The first clue here is that it asks for company. 12 00:00:44,970 --> 00:00:48,090 So we need to condense our pivot table policy types down to all. 13 00:00:48,600 --> 00:00:53,880 From there I can use the cash on hand indicator to help guide me as I drill down to dates. 14 00:00:54,570 --> 00:00:56,760 Read is obviously close to or less than zero. 15 00:00:56,910 --> 00:01:02,130 So I'm looking for points where it transitions from red to yellow or green and I can use the cash on 16 00:01:02,130 --> 00:01:03,690 hand total to help with that. 17 00:01:04,770 --> 00:01:09,810 From there, I can eventually narrow it down to the date, July twenty ninth, twenty eighteen. 18 00:01:10,810 --> 00:01:11,770 Question three. 19 00:01:12,040 --> 00:01:17,230 What was the combined ratio for the home business in twenty nineteen, excluding the impact of twenty 20 00:01:17,230 --> 00:01:17,770 eighteen? 21 00:01:18,730 --> 00:01:24,310 This question requires you to drill down to the appropriate policy type and add the non cumulative combined 22 00:01:24,310 --> 00:01:26,830 ratio to the table to find the proper answer. 23 00:01:27,670 --> 00:01:32,470 Once you've done that, you can quickly find that the combined ratio for the home section in twenty 24 00:01:32,470 --> 00:01:35,620 nineteen was one hundred nine point five percent. 25 00:01:36,520 --> 00:01:43,330 Question for what color is the cumulative combined ratio KPI indicator for the auto segment at the end 26 00:01:43,330 --> 00:01:43,980 of October? 27 00:01:43,990 --> 00:01:44,890 Twenty eighteen. 28 00:01:46,090 --> 00:01:50,740 For this simply drill into twenty eighteen and find the month of October, once you're there, look 29 00:01:50,740 --> 00:01:56,500 at the color indicator it should be red since the cumulative combined ratio is one hundred point five 30 00:01:56,500 --> 00:01:57,970 percent at that point in time. 31 00:01:59,190 --> 00:02:05,130 Question five, which statement best describes the trend for profitability between the home and auto 32 00:02:05,130 --> 00:02:05,760 segments? 33 00:02:06,730 --> 00:02:11,710 This question isn't very black and white, I specifically wanted you to do some thinking and look at 34 00:02:11,710 --> 00:02:16,770 how the CPI's transition over time and compare that to the answer choices you had available to you. 35 00:02:17,650 --> 00:02:24,550 The simplest approach is to look at these on a year by year basis and then start with the overall profitability 36 00:02:24,550 --> 00:02:33,460 metric, the combined ratio, the KPI shows home is becoming green, yellow and red, which indicates 37 00:02:33,460 --> 00:02:35,170 that it's less profitable over time. 38 00:02:35,740 --> 00:02:41,320 That same KPI for the auto shows that it's holding stable as they're all yellow, although technically 39 00:02:41,320 --> 00:02:43,510 it is getting worse if you look at the ratios. 40 00:02:44,480 --> 00:02:49,190 If we look at it from the perspective of the cash on hand, auto is either getting better or holding 41 00:02:49,190 --> 00:02:54,920 stable, depending on your opinion of those numbers, while homeowners is clearly getting worse for 42 00:02:54,920 --> 00:02:55,530 that reason. 43 00:02:55,880 --> 00:03:01,580 The best answer here is that homeowners is becoming less profitable while Ottawa is holding stable. 44 00:03:02,690 --> 00:03:07,850 Question six, what is the total amount of expenses paid out for the bottom line of business through 45 00:03:07,850 --> 00:03:13,550 the end of twenty nineteen cumulative with twenty eighteen, we need to add expenses cumulative to our 46 00:03:13,550 --> 00:03:14,900 pivot table to answer this. 47 00:03:15,020 --> 00:03:20,540 And once we do, finding the total expense amount of four million one hundred sixty one thousand four 48 00:03:20,540 --> 00:03:22,070 hundred one is a breeze. 49 00:03:23,180 --> 00:03:28,520 Question seven, what is the total cash on hand for the business at the end of twenty nineteen? 50 00:03:29,450 --> 00:03:34,970 This is another quick and easy one focused on navigating the pivot table report summarized up to all 51 00:03:34,970 --> 00:03:40,610 policies and then find the cash on hand figure for twenty nineteen, which should be one hundred seventy 52 00:03:40,610 --> 00:03:42,320 four thousand six hundred ninety. 53 00:03:43,010 --> 00:03:44,360 That does it for the quiz. 54 00:03:44,360 --> 00:03:45,500 And thanks for joining me.