Identifying the Reinsurance Contract

Company A (a local auto insurance company) pays $1.5 Million to Company B (a massive global insurer). In exchange, Company B promises to cover any auto claims that exceed $6 Million this year. If the total claims for the year amount to $8.5 Million, what is the numerical payout that Company B must provide to Company A under this IFRS 17 reinsurance contract?

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