The item is the sum of all admitted assets, and are valued in accordance with IRDA laws and regulations, as reported by the company in its financial statement filed with IRDA. This item is reported net as to encumbrances on real estate (the amount of any encumbrances on real estate is deducted from the value of the real estate) and net as to amount recoverable from reinsurers (which are deducted from the corresponding liabilities for unpaid losses and unearned premiums.