To control the precision of floating point arithmetic, you should use java.math.BigDecimal. Read The need for BigDecimal by John Zukowski for more information.
Given your example, the last line would be as following using BigDecimal.
import java.math.BigDecimal;
BigDecimal premium = BigDecimal.valueOf("1586.6");
BigDecimal netToCompany = BigDecimal.valueOf("708.75");
BigDecimal commission = premium.subtract(netToCompany);
System.out.println(commission + " = " + premium + " - " + netToCompany);
This results in the following output.
877.85 = 1586.6 - 708.75
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