Life insurance

Life insurance

Industry: Insurance

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Life insurance

Liability

Insurance; Life insurance

Broadly, any legally enforceable obligation. The term is most commonly used in a pecuniary sense.

Liability insurance

Insurance; Life insurance

Insurance that pays and renders service on behalf of an insured for loss arising out of his responsibility, due to negligence, to others imposed by law or assumed by contract.

Profit

Insurance; Life insurance

A measure of the competence and ability of management to provide viable insurance products at competitive prices and maintain a financially strong company for both policyholders and stockholders.

Other income/expenses

Insurance; Life insurance

This item represents miscellaneous sources of operating income or expenses that principally relate to premium finance income or charges for uncollectible premium and reinsurance business.

A PCC is a single legal entity that operates segregated accounts, or cells, each of which is legally protected from the liabilities of the company's other accounts. An individual client's account is ...

Operating cash flow

Insurance; Life insurance

Measures the funds generated from insurance operations, which includes the change in cash and invested assets attributed to underwriting activities, net investment income and federal income taxes. ...

Private-passenger auto insurance policyholder risk profile

Insurance; Life insurance

This refers to the risk profile of auto insurance policyholders and can be divided into three categories: standard, nonstandard and preferred. In the eyes of an insurance company, it is the type of ...