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International Measures of Profit for Life Assurance Companies

Published online by Cambridge University Press:  10 June 2011

P. J. L. O'Keeffe  and
A. C. Sharp
P. J. L. O'Keeffe
Affiliation:
Bacon & Woodrow, St Olaf House, London Bridge City, London, SE1 2PE, U.K. Tel: +44-171-716-7430; Fax: +44-171-716-7446; E-mail: [email protected]
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Abstract

This paper reviews some principles surrounding the reporting of realistic profits for life assurance companies and reports on the methods used in the United States of America and in Australia. Mention is also made of the valuation method adopted in South Africa.

Keywords

ProfitGenerally Accepted Accounting PrinciplesUnited States GAAPMargin on ServicesFinancial Soundness Valuation Method
Type
Sessional meetings: papers and abstracts of discussions
Information
British Actuarial Journal , Volume 5 , Issue 2 , 01 June 1999 , pp. 297 - 356
Copyright
Copyright © Institute and Faculty of Actuaries 1999

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References

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