Hostname: page-component-cd9895bd7-gxg78 Total loading time: 0 Render date: 2024-12-23T12:12:56.412Z Has data issue: false hasContentIssue false

Allocation of Surplus in a Mutual Life Office

Published online by Cambridge University Press:  03 October 2014

Get access

Synopsis

This paper sets out to demonstrate a set of principles for the allocation of surplus in a mutual life office.

Surplus is defined as a capital item and the principles governing its measurement and allocation are developed without regard to the method by which surplus may be distributed in the form of cash or additional guaranteed benefits. Particular attention is paid to the special problems arising where there is substantial investment in equities or where a substantial portion of surplus comes from the profits of without profits business.

Type
Research Article
Copyright
Copyright © Institute and Faculty of Actuaries 1969

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

* Throughout the paper the initials W.P. and N.P. are used to denote “with profits” and “without profits” respectively.