Abstract
The author seeks to dispel the confusion surrounding the surplus calculation in statutory accounting. The definition of surplus is clarified and selected charges and credits to surplus are discussed. Adjustments to surplus covered in the article include changes in non-admitted assets, unrealized capital gains and losses, and statutory penalties.
KEY WORDS: Accounting, Financial Reporting, Surplus.
Volume
3
Year
1997
Categories
Actuarial Applications and Methodologies
Accounting and Reporting
Annual Statement
Publications
Actuarial Review
