Policyholder surplus definition

Policyholder surplus means capital and surplus.
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Policyholder surplus of any Person shall mean, at any time, the consolidated policyholders' surplus (determined on a consolidated basis without duplication in accordance with SAP) of such Person and its consolidated Subsidiaries at such time (but excluding therefrom the effect of any unrealized gains and losses from the marketable securities portfolio of such Person and its consolidated Subsidiaries).
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Policyholder surplus means, with respect to any Insurance Subsidiary, the policyholder surplus of such Insurance Subsidiary determined in accordance with SAP (as reflected in line 35 of the “Liabilities, Surplus and Other Funds” page of the most recent Statutory Statement filed with the domiciliary Insurance Regulator of such Insurance Subsidiary).
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Examples of Policyholder surplus in a sentence

  • Policyholder surplus decreases more than ten percent in any calendar year.

  • Policyholder surplus is referred to as “net worth” or “owners equity” in other industries.

  • Policyholder surplus increased by $109M over the past nine months.

  • Policyholder surplus for 2006 was $423.1 billion at the beginning of the year, a return on equity of 20 percent.13 This aggregate data actually understates industry-wide returns on equity for several reasons: 1.

  • Policyholder surplus is recognized under liability for incurred claims within insurance contract liabilities with the corresponding effect recorded under insurance service expenses.

  • Policyholder surplus accountingThe Company does not make any allowance for surplus distribution when determining onerosity.

  • Policyholder surplus is effectively the net worth of the industry and reflects claims paying capacity and is a proxy for the supply of insurance available in the market.

  • In the prior fiscal year, the Company recorded a pre-tax loss of $18.3 due primarily to the devaluation of our Venezuela affiliates' U.S. dollar based intercompany payable as a result of the official devaluation of the exchange rate between the U.S. dollar and the Venezuelan Bolivar Fuerte.

  • Policyholder surplus is referred to as “net worth” or “owners’ equity” in other industries.

  • Policyholder surplus accounting Document classification: Restricted These are recognized under liability for incurred claims within insurance contract liabilities with the corresponding effect recorded under insurance service expenses.


More Definitions of Policyholder surplus

Policyholder surplus as to any Insurance Subsidiary of the -------------------- Borrower, as of any date the total amount of surplus as regards policyholders shown on line 27, page 3, column 1 of the 1998 Annual Statement (or any similar line, page and column reference in any subsequent Annual Statement), or an amount determined in a consistent manner for any date other than the one as of which an Annual Statement is prepared.
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Related to Policyholder surplus

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Reserve Account Draw Amount means, for any Payment Date, an amount equal to the lesser of (a) the Available Funds Shortfall Amount, if any, for such Payment Date and (b) the amount of cash or other immediately available funds on deposit in the Reserve Account (excluding any net investment earnings) on such Payment Date; provided, however, that if such Payment Date is the Redemption Date, the “Reserve Account Draw Amount” shall mean an amount equal to the amount of cash or other immediately available funds on deposit in the Reserve Account on the Redemption Date.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.