thetruthabout
03-29-2006, 01:38 PM
According to T&B, if IRIS tests 10-12 show surplus to be overstated, some of the other IRIS tests should be restated to reflect the reserve deficiency. I get the adjustment of surplus part, but can someone give an example of the adjustment to the two-year adjusted operating ratio? I would think that the deduction of the prior year's reserve development would improve this ratio.