Similar to the Asset Valuation Reserve
, the risk-based capital formula would apply a moving two-year average ratio of company-to-industry experience in the absence of a standardized credit rating system for commercial real estate mortgages.
44 billion and added $1 billion to surplus and asset valuation reserve
for the year, increasing it to $17.
The Company is providing adjusted earnings (loss) in addition to reported results prepared in accordance with generally accepted accounting principles in order to present financial information without the impact of the deferred tax asset valuation reserve
, which was recognized in the second quarter of 2010 and was established primarily based on cumulative losses over a three-year period.
5 million fixed asset valuation reserve
and a $90,000 reserve for bad debt expense.
9 million including a reserve for excess and obsolete inventory, a reserve for the write off of purchased in process R&D and amortization of other intangible assets, and restructuring charges including a reserve for severance pay and related costs, a fixed asset valuation reserve
, and a reserve for bad debt.
PNX's statutory surplus and asset valuation reserve
(AVR) was $853 million at year-end 2008 versus $1,041 million at year-end 2007.
1 million gain in the company's asset valuation reserve
, a $700,000 increase in non-admitted assets, and $6.
As of June 30, 2007, New York Life's surplus and asset valuation reserve
grew to $14.
7 million change in the company's asset valuation reserve
, and a negative $1.
2 million net tax benefit resulting from a reduction in the Company's deferred tax asset valuation reserve
New York Life Insurance Company 2005 Financial Highlights (in millions) 2005 2004 Operating Revenue(a) $ 11,072 $ 10,264 Insurance Sales $ 2,237 $ 2,027 Investment Sales $ 28,265 $ 24,230 Operating Earnings $ 934 $ 974 Net Income(b) $ 855 $ 1,294 Surplus and Asset Valuation Reserve
$ 12,853 $ 11,838 Assets Under Management(c) $ 225,223 $ 214,949 Individual Life Insurance In Force $ 651,614 $ 616,101 (a) Operating Revenue includes primarily premium and fee income from our insurance and non-insurance operations, both domestically and internationally.
As of September 30, 2005, New York Life's surplus and asset valuation reserve
grew to $12.