[[Actuarial Notes Wiki|Wiki]] / [[Exam 5 (CAS)]] / **Net Losses** ## Definition ==Net Losses== are losses after deducting reinsurance and other recoveries, representing the amount the insurer will ultimately pay. ## Formula ``` Net = Gross - Ceded - Salvage & Subrogation - Other Recoveries ``` ## Related Concepts - [[Gross Losses#Definition]] - [[Ceded Losses#Definition]] ## References - Friedland, Chapter 9