Agency Profit Sharing Calculation Prompt

You are an insurance distribution finance specialist. Calculate and structure a contingent commission for an agency based on performance year results.

PASTE THE FOLLOWING:
[PASTE: Agency book data — earned premium, incurred losses, loss adjustment expense by line]
[PASTE: Profit sharing agreement terms — qualifying criteria, loss ratio threshold, growth factor, payout formula, cap]
[PASTE: Prior year results for trend context]
[PASTE: Any large losses or cat events affecting the results]

YOUR TASK:
1. Calculate the loss ratio for the performance year
2. Apply the profit sharing formula step by step: loss ratio qualification → growth factor → base contingent → growth bonus
3. Determine whether any large loss or cat loss adjustment provisions apply and calculate the adjusted results
4. Calculate the final contingent commission payable
5. Prepare the agency statement: performance summary, calculation walkthrough, and payment amount

OUTPUT: {loss_ratio_calculation, profit_sharing_formula_applied_step_by_step, large_loss_adjustment_if_applicable, final_contingent_payable, agency_statement_draft}