Block of Policies

Block of Policies

The insurance policies a company underwrites with the exact same terms and conditions. For example, a particular block of policies may include all life insurance policies with coverage of $100,000 and a monthly premium of $50.
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Embedded Value (Closed Block) Securitizations: An insurer can close a block of policies to new business and receive immediate cash from investors in exchange for some or all of the future earnings on that block of business.
According to the company's head John Johns, the acquired block of policies will result in immediate accretion to both Protective Life's return on equity (ROE) and EPS, while also providing a strong stream of earnings for many years to come.
According to the companya[euro](tm)s head John Johns, the acquired block of policies will result in immediate accretion to both Protective Lifea[euro](tm)s return on equity (ROE) and EPS, while also providing a strong stream of earnings for many years to come.
Regulators rejected State Farm's efforts to increase rates on a closed block of policies an average of 38 percent.
The transaction is sponsored by Aurigen Reinsurance Limited (ARL) and covers a closed block of policies reinsured by ARL between 2008 and 2010.
Dividends paid to policyholders at mutual life insurance companies, like Penn Mutual, are refunds of premium based on the actual experience of a block of policies.
This arbitrage most often takes the form of a block of policies that have been included in a life settlement vehicle created by the investment firm.
According to Dorans, analysis shows that the effective use of technology can generate millions in increased profit by reducing claims expenses over the life of the block of policies.
The block of policies ceded by the Protective entities is a reasonably large and diversified block, which increases the credibility of key modeling assumptions that were based on historical experience.
We are very pleased that Madison National Life has begun 2008 by shedding an unprofitable segment, redeploying capital to its (consistently profitable) acquisition group and signing an agreement to acquire a block of policies in a transaction that we expect will be accretive to earnings.
Investors are recognizing that the purchase of a block of policies minimizes ramp up and immediately generates fully realized returns because the portfolio purchasing process is completed in a short timeframe.
In December 2006, FLAC Holdings and FLIC amended its reinsurance agreement to allow the inclusion to the existing defined block of policies of FLIC's new pre-need business written in 2004 and 2005 and in-force as of January 1, 2006.