Life insurance

Life insurance

Industry: Insurance

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Life insurance

Mutual insurance companies

Insurance; Life insurance

Companies with no capital stock, and owned by policyholders. The earnings of the company--over and above the payments of the losses, operating expenses and reserves--are the property of the ...

Net premiums written to policyholder surplus

Insurance; Life insurance

This ratio measures a company's net retained premiums written after reinsurance assumed and ceded, in relation to its surplus. This ratio measures the company's exposure to pricing errors in its ...

This ratio is designed to measure the ability of the insurer to absorb above-average losses and the insurer's financial strength. The ratio is computed by dividing net premiums written by surplus. An ...

Non-recourse mortgage

Insurance; Life insurance

A home loan in which the borrower can never owe more than the home's value at the time the loan is repaid.

Premium unearned

Insurance; Life insurance

That part of the premium applicable to the unexpired part of the policy period.

Net income

Insurance; Life insurance

The total after-tax earnings generated from operations and realised capital gains as reported in the company's NAIC annual statement on page 4, line 16.

Premium balances

Insurance; Life insurance

Premiums and agents' balances in course of collection; premiums, agents' balances and instalments booked but deferred and not yet due; bills receivable, taken for premiums and accrued retrospective ...