Filed Under:Markets, Company News

Accounting Practices Positively Impacts Capital, Surplus of Insurers in SNL Survey

Photo credit: adamr
Photo credit: adamr

State-permitted and prescribed accounting practices positively impacted the capital and surplus reported by 85% of the life and P&C insurers surveyed by SNL Financial.

The data from SNL Financial, Charlottesville, Va. reveals the capital and surplus among 17 of 20 insurers were positively impacted as a result of the insurers using permitted and prescribed accounting practices. These practices are accounting procedures allowed or mandated, respectively, for calculating net income and surplus for insurers domiciled in the state.

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Nichole Morford

Nichole Morford
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